{"id":1692,"date":"2008-11-11T19:25:57","date_gmt":"2008-11-12T00:25:57","guid":{"rendered":"http:\/\/spacingmontreal.ca\/2008\/11\/11\/devimco-griffintown-project-on-ice\/"},"modified":"2013-01-21T11:23:28","modified_gmt":"2013-01-21T16:23:28","slug":"devimco-griffintown-project-on-ice","status":"publish","type":"post","link":"https:\/\/spacing.ca\/montreal\/2008\/11\/11\/devimco-griffintown-project-on-ice\/","title":{"rendered":"Devimco Griffintown project on ice"},"content":{"rendered":"<p>In our current economic climate where even hundreds of billions of dollars don&#8217;t make problems go away, it has been increasingly difficult to secure financing for new building projects. With suspicion regarding the solubility of major financial institutions abounding, it seems that financial uncertainty has made it to Montreal. As <a href=\"http:\/\/www.canada.com\/montrealgazette\/news\/story.html?id=251a5895-87c2-41b9-9be1-b88067ff098c\">reported<\/a> in the <em>Gazette<\/em>, Devimco announced today that it would suspend the beginning of construction in Griffintown until June 2010 rather than the projected September 2009 start date. Assuming the project does begin according to its revised schedule (and isn&#8217;t affected by the decade-long recession that is increasingly being predicted) Griffintown will remain in a state of limbo for a little longer.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/farm4.static.flickr.com\/3118\/2359661848_80a28431d0.jpg\" height=\"375\" width=\"500\" \/><\/p>\n<p>While options on properties necessary to proceed have almost all been bought up by the developer, perhaps this gives Montrealers an opportunity to rethink megaprojects of this type. Are there options for development that are less dependent on the uncertain winds of international finance? Is car-oriented retail and more luxury condos really the best way to ensure economic stability here in Montreal?<\/p>\n","protected":false},"excerpt":{"rendered":"<p>In our current economic climate where even hundreds of billions of dollars don&#8217;t make problems go away, it has been increasingly difficult to secure financing for new building projects. With suspicion regarding the solubility of major financial institutions abounding, it seems that financial uncertainty has made it to Montreal. As reported in the Gazette, Devimco<a href=\"https:\/\/spacing.ca\/montreal\/2008\/11\/11\/devimco-griffintown-project-on-ice\/\">Continue reading <span class=\"sr-only\">&#8220;Devimco Griffintown project on ice&#8221;<\/span><\/a><\/p>\n","protected":false},"author":5006,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_ef_editorial_meta_paragraph_assignment":"","_ef_editorial_meta_date_first-draft-date":"","_ef_editorial_meta_checkbox_needs-photo":"","_ef_editorial_meta_number_word-count":"","footnotes":""},"categories":[7839,7842],"tags":[9,1103,3253,36,125,3254,345],"class_list":["post-1692","post","type-post","status-publish","format-standard","hentry","category-neighbourhoods","category-urban-design","tag-development","tag-devimco","tag-finance","tag-griffintown","tag-montreal","tag-retail-and-more-luxury-condos","tag-the-gazette"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Devimco Griffintown project on ice - Spacing Montreal<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/spacing.ca\/montreal\/2008\/11\/11\/devimco-griffintown-project-on-ice\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Devimco Griffintown project on ice - Spacing Montreal\" \/>\n<meta property=\"og:description\" content=\"In our current economic climate where even hundreds of billions of dollars don&#8217;t make problems go away, it has been increasingly difficult to secure financing for new building projects. With suspicion regarding the solubility of major financial institutions abounding, it seems that financial uncertainty has made it to Montreal. As reported in the Gazette, DevimcoContinue reading &quot;Devimco Griffintown project on ice&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/spacing.ca\/montreal\/2008\/11\/11\/devimco-griffintown-project-on-ice\/\" \/>\n<meta property=\"og:site_name\" content=\"Spacing Montreal\" \/>\n<meta property=\"article:published_time\" content=\"2008-11-12T00:25:57+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2013-01-21T16:23:28+00:00\" \/>\n<meta property=\"og:image\" content=\"http:\/\/farm4.static.flickr.com\/3118\/2359661848_80a28431d0.jpg\" \/>\n<meta name=\"author\" content=\"Jacob Larsen\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@Spacing\" \/>\n<meta name=\"twitter:site\" content=\"@Spacing\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Jacob Larsen\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/spacing.ca\/montreal\/2008\/11\/11\/devimco-griffintown-project-on-ice\/\",\"url\":\"https:\/\/spacing.ca\/montreal\/2008\/11\/11\/devimco-griffintown-project-on-ice\/\",\"name\":\"Devimco Griffintown project on ice - 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