{"id":116,"date":"2015-04-01T19:12:00","date_gmt":"2015-04-01T19:12:00","guid":{"rendered":"http:\/\/rf.podcastfixit.com\/index.php\/2015\/04\/01\/420-million-project-to-redefine-lava\/"},"modified":"2015-06-01T19:40:32","modified_gmt":"2015-06-01T19:40:32","slug":"420-million-project-to-redefine-lava","status":"publish","type":"post","link":"https:\/\/newscoverage.org\/index.php\/2015\/04\/01\/420-million-project-to-redefine-lava\/","title":{"rendered":"$420 million project to redefine Laval"},"content":{"rendered":"<p><b style=\"font-family: Arial, Helvetica, sans-serif;\">By Robert Frank<\/b><br \/>\n <a href=\"http:\/\/www.thesuburban.com\/\">www.thesuburban.com<\/a><\/p>\n<p>Quebec\u2019s third-largest city is continuing to attract major business and residential investment. <\/p>\n<p>As this week\u2019s edition of <i>The Suburban<\/i> went to press, the newspaper learned that <i>Fonds de Solidarit\u00e9 FTQ<\/i> and Montoni Group were set to announce <a href=\"http:\/\/groupemontoni.com\/en\/nos-projets-en-cours\/ftq-campus-espace-montmorency\/\">a massive, multi-purpose development opposite the Montmorency Metro station<\/a>, March 31.<\/p>\n<p>The site of the project is located near another major Laval endeavour, the Place Bell entertainment, sports and community centre complex, which is slated to be complete by late 2017.<\/p>\n<div class=\"separator\" style=\"clear: both; text-align: center;\">\n<a href=\"http:\/\/rf.podcastfixit.com\/wp-content\/uploads\/2015\/04\/EspaceMontmorency-2-472x481.jpg\" imageanchor=\"1\" style=\"margin-left: 1em; margin-right: 1em;\"><img loading=\"lazy\" decoding=\"async\" border=\"0\" src=\"http:\/\/rf.podcastfixit.com\/wp-content\/uploads\/2015\/04\/EspaceMontmorency-2-472x481.jpg\" height=\"320\" width=\"314\" \/><\/a><\/div>\n<div style=\"text-align: center;\">\n<\/div>\n<p><b>Iconic quality<\/b><\/p>\n<p>According to a senior <i>Fonds de Solidarit\u00e9 FTQ<\/i> official, the architecture will lend a defining signature to Laval. Work is slated to start in 2015.<\/p>\n<p>The offices-residential project might also include a modern hotel, the official said. <\/p>\n<p>At press time, it remained unclear whether the residential component would comprise condominiums or rental units. <\/p>\n<p>Most developers eschew building new rental accommodation because of the risk it entails. That has fuelled demand for high-quality rental properties. <\/p>\n<p><i>Fonds de Solidarit\u00e9 FTQ <\/i>has stood out among local developers for its willingness to build rental buildings, attract tenants and\u2014once the project stabilizes\u2014earn a hefty return selling the projects to investors like real estate trusts, which like the quality of the properties and the steady rental revenue.<\/p>\n<div class=\"separator\" style=\"clear: both; text-align: center;\">\n<a href=\"http:\/\/rf.podcastfixit.com\/wp-content\/uploads\/2015\/04\/EspaceMontmorency-1-472x481.jpg\" imageanchor=\"1\" style=\"margin-left: 1em; margin-right: 1em;\"><img loading=\"lazy\" decoding=\"async\" border=\"0\" src=\"http:\/\/rf.podcastfixit.com\/wp-content\/uploads\/2015\/04\/EspaceMontmorency-1-472x481.jpg\" height=\"320\" width=\"314\" \/><\/a><\/div>\n<div style=\"text-align: center;\">\n<\/div>\n<p><b>City pleased<\/b><\/p>\n<p>Attracting more people and firms to Laval continues to soften the downtown Montreal real estate market, which has of late seen an infusion of new space. <\/p>\n<p>Although Laval has not yet formally issued a construction permit, executive committee chair David de Cotis welcomed the infusion of capital. <\/p>\n<p>\u201cIt will be the biggest project to invest in Laval, to the tune of $420 million,\u201d he smiled. \u201cIt sends out the positive message that we\u2019re open for business and that Laval has made a big turnaround since the new [municipal] administration was elected.\u201d <\/p>\n<p>\u201cThis will increase consumer confidence and help to attract other developers to invest in Laval,\u201d de Cotis predicted.<\/p>\n<div class=\"separator\" style=\"clear: both; text-align: center;\">\n<a href=\"http:\/\/rf.podcastfixit.com\/wp-content\/uploads\/2015\/04\/EspaceMontmorency-3-472x481.jpg\" imageanchor=\"1\" style=\"margin-left: 1em; margin-right: 1em;\"><img loading=\"lazy\" decoding=\"async\" border=\"0\" src=\"http:\/\/rf.podcastfixit.com\/wp-content\/uploads\/2015\/04\/EspaceMontmorency-3-472x481.jpg\" height=\"320\" width=\"314\" \/><\/a><\/div>\n<div style=\"text-align: center;\">\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>By Robert Frank www.thesuburban.com Quebec\u2019s third-largest city is continuing to attract major business and residential investment. As this week\u2019s edition of The Suburban went to press, the newspaper learned that Fonds de Solidarit\u00e9 FTQ and Montoni Group were set to announce a massive, multi-purpose development opposite the Montmorency Metro station, March 31. The site of<\/p>\n","protected":false},"author":1,"featured_media":2654,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-116","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>$420 million project to redefine Laval - Newscoverage<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/newscoverage.org\/index.php\/2015\/04\/01\/420-million-project-to-redefine-lava\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"$420 million project to redefine Laval - Newscoverage\" \/>\n<meta property=\"og:description\" content=\"By Robert Frank www.thesuburban.com Quebec\u2019s third-largest city is continuing to attract major business and residential investment. As this week\u2019s edition of The Suburban went to press, the newspaper learned that Fonds de Solidarit\u00e9 FTQ and Montoni Group were set to announce a massive, multi-purpose development opposite the Montmorency Metro station, March 31. 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