for lease or for sale - local à louer · 2018-02-12 · for lease or for sale mark sinnett senior...
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FOR LEASE OR FOR SALE
Mark Sinnett Senior Vice PresidentReal Estate [email protected]
Armen MarkarianSales RepresentativeReal Estate [email protected]
LES CONDOS CRESCENT1220 Crescent Street, MontréalCommercial spaces for lease or for sale in a prestigious
development in the heart of downtown Montréal
PRIVATE CAPITAL GROUP | MONTRÉAL
FEATURES
Les Condos CresCent | Page 2
5,000 square feet available for lease or for sale.Can be divided according to the tenant’s requirements.
Net Leasing Rate: $55.00 psfAsking Rate: $3,250,000
On the ground floor of a prestigious new construction located on Crescent Street, between Sainte-Catherine Street and René-Lévesque Boulevard, in the heart of downtown Montréal.
Construction will begin in February 2014.
Excellent fenestration, lots of natural light and good signage opportunity on a busy street, that features over 7,000 cars and 12,000 pedestrians every day.
Well-serviced by public transit: Only minutes away from the Lucien L’Allier, Peel and Guy-Concordia metro stations and frequent bus service (#1, 15, 28, 150, 350, 355, 358, 364, 427, 435, 747).
Proximity to many Sainte-Catherine Street destination retailers, the Bell Center, McGill and Concordia Universities and the Central Business District.
PRIVATE CAPITAL GROUP | MONTRÉAL Les Condos CresCent | Page 3
PROPERTY OVERVIEW
FAÇADE ALONG CRESCENT STREET
LOBBY
CONDO RENDERINGPROPERTY RENDERING
PRIVATE CAPITAL GROUP | MONTRÉAL Les Condos CresCent | Page 4
LOCAL NEIGHBOURHOOD OVERVIEW
BEDO - URBAN OUTFITTERS - SAINTE-CATHERINE STREET WEST OGILVY - SAINTE-CATHERINE STREET WEST
NEWTON - CRESCENT STREET CRESCENT STREET
PRIVATE CAPITAL GROUP | MONTRÉAL
THE VILLE-MARIE BOROUGH
Les Condos CresCent | Page 5
OVERVIEWDowntown Montréal is both the heart of the city and an important economic center for the province. Much of the province economic activity is located between Atwater and Bleury Streets and de la Gauchetière and Sherbrooke Streets. While the city’s center used to lie in the Old Port of Montréal, the development of landmark skyscrapers from the 1930s through to the 1960s shifted Montréal’s economic activity to the Sun Life Building, Place Ville Marie, 1000 de la Gauchetière and the Bell Building. Large infrastructure projects such as the Bonaventure and Ville Marie autoroutes further concretize this move. Today over 250,000 people travel in from the West Island, the North and South Shores, and further afield to work and play in this vibrant neighbourhood, enjoying the many bars, restaurants, shops, boutiques, museums, and art galleries, all a few minutes’ walk away.
DEMOGRAPHIC TRENDSLike many areas in Montréal, the Ville-Marie borough has seen growing population trends. This is both a result of new infrastructure as well as a densification of the downtown core. According to Statistics Canada, the population in the Ville-Marie borough was 90,748 in 2013. This represents a 4.1% increase since 2008 and a further 15% increase is expected for the next five years. The median age is 36, with the 25-34 age range the most significant. It is interesting to note that 43% of the Ville-Marie population have post-secondary education degrees, which is significantly higher than for the rest of Montréal, where the rate lies at 24%. On average, the household income in Ville-Marie is $69,123, with the average household size of 1.7 persons. Some of the most important companies in this area are Sun Life Financial, the Laurentian Bank, BDC, Intact Assurance, Manulife Assurance, McGill University and VIA Rail Canada Inc.
REAL ESTATE TRENDS – RESIDENTIALVille-Marie has seen numerous condominium projects undertaken, which attract a new influx of people to smaller, new and modern units. That said, there still exists many older buildings which offer a difference ambiance. Condominium units average between 600 and 3,000 square feet and sell for anywhere between $270,000 and $7,000,000. Major condominium projects include the prestigious Icon and Roccabella developments as well as the much-publicized Tour des Canadiens and L’Avenue.
As in the rest of the city, most inhabitants rent (approximately 70% of the population). The average prices of single-family homes in the Ville-Marie borough for the last year is of $650,000, condominiums sold for $323,000 and plexes for $410,000. These figures are much higher than those of the whole Island of Montreal where single-family homes have recently sold for $379,000, plexes for $444,500 and condominiums have sold for $268,000.
REAL ESTATE TRENDS – COMMERCIALThe area is expected to change significantly in the next few years and massive infrastructural investments are made. The Harbourfront Tramway, for instance, will connect the Central Business District and Old Montréal, and complement Montréal’s metro and pedestrian networks. Another important initiative will redevelop the Montréal Harbourfront by expanding recreational, tourist and cultural attractions, repurposing vacant land and improving the efficiency of transportation networks. Finally, the Quartier Bonaventure project, one of the largest underway, will see the transformation of the Bonaventure Autoroute into a boulevard and tramway line.
CBRE Limited | Real Estate Agency2001 McGill College Avenue, Suite 2000, Montréal, Québec, H3A 1G1T 514.849.6000 | F 514.849.7095 | www.cbre.ca
For more information, please contact Montréal’s Private Capital Group:
Mark Sinnett Senior Vice PresidentReal Estate [email protected]
Armen MarkarianSales RepresentativeReal Estate [email protected]
This disclaimer shall apply to CBRE Limited, Real Estate Brokerage, and to all other divisions of the Corporation; to include all employees and independent contractors (“CBRE”). The information set out herein, including, without limitation, any projections, images, opinions, assumptions and estimates obtained from third parties (the “Information”) has not been verified by CBRE, and CBRE does not represent, warrant or guarantee the accuracy, correctness and completeness of the Information. CBRE does not accept or assume any responsibility or liability, direct or consequential, for the Information or the recipient’s reliance upon the Information. The recipient of the Information should take such steps as the recipient may deem necessary to verify the Information prior to placing any reliance upon the Information. The Information may change and any property described in the Information may be withdrawn from the market at any time without notice or obligation to the recipient from CBRE. CBRE and the CBRE logo are the service marks of CBRE Limited and/or its affiliated or related companies in other countries. All other marks displayed on this document are the property of their respective owners. All Rights Reserved.
ABOUT THE PRIVATE CAPITAL GROUPThe Private Capital Group represents private investors and owners in marketing, trading, and leasing commercial and semi-commercial assets.
Our commercial leasing division is focused on agency representation and seeks to maximize the value of your property by targeted reputable users and retailers. We are present in all of Montréal’s most important urban markets, from Sainte-Catherine Street, du Mont-Royal Avenue and Saint-Laurent Boulevard to the well-established markets of Outremont and Westmount and the up-and-coming boroughs of Sud-Ouest and HOMA.
Our marketing strategies have been developed and honed to meet our clients’ needs, the unique features of their spaces, and the potential ideal tenants. They rest upon a complete and thorough understanding of Montréal’s urban retail landscape and our database of over 2,500 local, provincial and national retailers and users. Our team collaborates with brokers, investors and owners to stay ahead of market trends, to harness the competitive nature of the leasing market and to exploit new opportunities as soon as they arise.
We believe that our system, exclusive to the team, is unparalleled in the Montreal market.
ABOUT CBRECBRE is the world’s premier commercial real estate firm, with more than 200 years of experience in helping clients successfully navigate the ever-changing world of real estate. Our guiding philosophy is «navigating a New World» — a demonstration of our commitment to help our clients foresee the landscape ahead, steer through the obstacles and seize opportunities.
A pioneer in the industry, CBRE was the first globally integrated real estate services firm with wholly-owned and managed operations in virtually every major business capital of the world. Ahead of our competitors, we recognized the growing demand for multi-market real estate service, and in the 1960s, began expanding our reach to cultivate global capabilities.
Today, we operate more than 400 offices in 64 countries and over 34,000 employees worldwide. In Canada, CBRE has 1,850 employees and serves clients through twenty offices strategically located in Calgary, Edmonton, Halifax, Kitchener, London, Montreal, Ottawa, Toronto (3 offices), Saint John, Vancouver and Winnipeg. Our powerful presence in the marketplace enables us to provide a range and quality of services that is unparalleled. CBRE combines the people; services and knowledge to best meet the needs of each individual client.