Filed under: griffintown
New aerial view rendering of Projet Griffintown, by Devimco (via Cyberpresse)
Breaking: Reader Sam alerts us to these stories from Canoe Finance / Cyberpresse. Due to the global financial crisis, construction on Devimco’s Projet Griffintown, originally slated to begin with a round of demolition in Spring 2009, has now been pushed forward to Spring 2010. The final purchasing of the land options, originally to be wrapped up this fall, has now been extended to summer 2009. Devimco’s Serge Goulet is quoted as saying that money for construction costs, estimated at $400 million, “can’t be found in Montreal.” $210 million for land acquisition has already been secured.