DCMTL

DCMTL

June 16, 2016 12:05 ET

Major Strategic Investments to Revitalize Portions of Montreal's L'Acadie-Marche Central Neighbouhood

MONTREAL, QUEBEC--(Marketwired - June 16, 2016) -

Note to Editors: There is a photo associated with this press release.

Under the name of DCMTL Development, for District Central Montreal, a major project is being launched to revitalise some of the key iconic industrial clothing and textile manufacturing buildings, and catalyze a larger movement in the Acadie-Marché Central neighbourhood.

Nestled between the western parts of Acadie and the southern parts of Ahuntsic, near major highways, metro stations and AMT stops, DCMTL Development aims to help the neighbourhood become an up-and-coming epicentre of new office spaces for entrepreneurial, growing, and established companies in industrial buildings transformed into a revitalized business district.

This project represents an overall investment of approximately $20 million over the next five years. "We don't need to look very far to see great examples of neighbourhoods that have re-invented themselves: New York's Meatpacking District, SoHo, and Brooklyn are great case studies south of the border. Closer to home we can think about Toronto's Fashion District, or note impressive movement in Griffintown here in Montreal. We hope to bring new life to one of Greater Montreal's most centrally located, yet forgotten business centres," Said Frédérick Lizotte, DCMTL Development's Vice President of Commercial Development.

Located between Saint-Laurent and Highway 15, and between Fleury and Legendre, DCMTL Development will become a new urban signature with its initial renovations to buildings at 9500 Meilleur, 1401 Legendre, and at 55 and 350 Louvain West. "High tech, digital, communications, professional services, human resources, culinary, SMBs, and financial services will be some of the main vectors for growth as the neighbourhood transforms from its origins in sewing and manufacturing into a thriving sought-after business address for young and growing companies," added Lizotte.

AN UNBEATABLE OFFER

In order to attract start-ups, SMBs, and growing companies as tenants, a number of owners have launched DCMTL Development with an unbeatable commercial lease offering of just $10/sqft (gross), which includes heating and electricity.

Lizotte added that "One of the most attractive things about this offering is that besides the unbeatable ask of $10/sqft, building owners are also footing the bill of up to $30/sqft for tenant improvements. This is sure to attract entrepreneurs and start-ups looking for their first offices, as well as established companies of all kinds that have had enough of over-paying for their office space, and have seen such fixed costs eat away at their profitability, and even threaten their sustainability."

PROMOTIONAL SUPPORT FOR LOCAL BUSINESSES

As a promotor for the creation of a new technological, creative, and business hub that relies on exchange and collaboration, DCMTL Development will help to shine a spotlight on local businesses in order to grow their visibility beyond the neighbourhood and outside Greater Montreal through economic development initiatives and events. The DCMTL brand was created by a young, entrepreneurial company with an office in the neighbourhood: Kika Marketing, founded by Annika Panzini. Her team will lead the DCMTL community relations initiative whereby local businesses will be offered free visibility via their exclusive blog at DCMTL.com.

Mr. Lizotte and Ms. Panzini concluded by confirming their long-term resolve for opening one of Montreal's best-kept secrets for business, under the name of DCMTL.

ABOUT DCMTL Development

Today's "District Central" was born in the sixties to the fashion industry, and has grown up striving to become the city's next commercial hotspot. DCMTL Development is a movement that is revitalizing an entire neighbourhood; its online magazine curated by the creative minds at www.kika.ca aims to be the voice that keeps a virtual finger on the pulse of all that's happening in the Central District hood and greater Montreal. Check www.dcmtl.com regularly to learn more about news in the neighborhood including new arrivals, activities & events, featured businesses, and other news.

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To view the photo associated with this press release, please visit the following link: http://www.marketwire.com/library/20160616-DCMTL_800.jpg

Contact Information

  • Source:
    Frederick Lizotte
    VP Commercial Development - DCMTL

    Info:
    Colin Danby
    Director - Cohn & Wolfe
    514-845-7060
    colin.danby@cohnwolfe.ca