CPM September 2018 FINAL LR

Message from our Editor:
Commercial real estate drives the economy as an employer and purchaser of goods and services; it backstops the economy as an investment asset class; and it literally houses a vast portion of global economic activity.
Canadian Property Management drills into and draws connections between each of these key functions — exploring how the buildings sector coexists with a fragile environment and its multidisciplinary workforce navigates an evolving society.
BarbsmallBarbara Carss, Editor-in-Chief - Canadian Property Management

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National Bank Breaks Ground on New HQ

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Construction kicked off for the National Bank’s new head office in Montreal on Nov.7, 2018. The headquarters will be located at 800 Saint-Jacques Street West.

According to a press release the 40-floor building will feature a business centre, conference centre, two-level cafeteria, daycare centre, gym, 400 bicycle parking spaces, 80 charging stations for electric cars and an outside garden on the top floor.

“We’re glad the National Bank isn’t building just a new head office in Montreal. but a tower designed to meet the strictest global standards in terms of both sustainable construction and the well-being of its occupants,” said Montreal Mayor Valérie Plante.

“Montreal proudly welcomes this new building, located at the gateway to downtown, as well as these new green spaces which will blend beautifully into our city and reflect our leadership in sustainable development.”

The project will cost over half a billion dollars, Montreal’s largest real estate investment in 25 years. Menkès Shooner Dagenais Létourneux Architectes will be designing the banks new head office, Broccolini will be the general contractor and project manager, while Pomerleau is the structural contractor.

Construction is expected to be completed by 2022.

At the groundbreaking ceremony, the bank also announced it will invest $20 million to renovations at its Toronto offices at 130 King Street.