News of residential building – or not
La Presse says Place Versailles is going to be demolished and 5000 condos will be built there instead.
The Gazette ponders the Hippodrome site and asks whether any developer would be such a fool as to get involved in a project that won’t immediately return top profits. In this case it’s 10,000 residential units that are projected.
Ephraim 12:08 on 2024-06-01 Permalink
City should act as developer for 50% of the property *furthest end) with 25% of that being for mixed low cost housing. See how that goes. See if someone wants to do the rest of it or they will have to develop the last 50% at a higher density, as it’s an easier walk to the metro station. Higher buildings, more green space, all the heating and cooling from geothermal, all LEED certified. With low overhead costs, they should be very enticing.