Cité Multimedia

The Cité du Multimédia is a neighborhood in Montreal, Quebec, located between Vieux-Montréal, Griffintown and Downtown Montreal. The neighborhood is the result of a vast real-estate project launched in the late 1990s which sought to convert a semi-abandoned zone of Industrial Revolution-era buildings into an industrial cluster for information technology. The Société de Développement de Montréal possessed land holdings dating back to the Doré administration's failed Quartier des Récluses initiative, in which lands were bought by the SIMPA to make way for the project. In exchange for handing this over, the SDM gained a minority stake in a joint venture with the real estate arms of the Caisse de dépôt et placement du Québec (CDPQ) and the...