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Downtown Montreal is the central business district of Montreal, Quebec, Canada. It lies at the foot of Mount Royal, a major urban park and popular tourist destination, and extends toward the Saint Lawrence River. The downtown area contains most of the city's skyscrapers — which, by law, cannot be greater in height than Mount Royal. The two tallest of these are the 1000 de La Gauchetière and 1250 René-Lévesque, both of which were built in 1992. The Tour de la Bourse is also a significant high-rise and is home to the Montreal Exchange that trades in derivatives. The Montreal Exchange was originally a stock exchange and was the first in Canada. In 1999 all stock trades were transferred to Toronto in exchange for an exclusivity in derivatives trading.
Place Ville-Marie, an I. M. Pei-designed cruciform office tower built in 1962, sits atop an underground shopping mall that forms the nexus of Montreal's underground city, the world's largest, with indoor access to over 1,600 shops, restaurants, offices, businesses, museums and universities, as well as metro stations, train stations, bus terminals, and tunnels extending all over downtown. The central axis for downtown is Saint Catherine Street, Canada's busiest commercial avenue. The area includes high end retail such as the Holt Renfrew and Ogilvy department stores as well as Les Cours Mont-Royal shopping centre. Other major streets include Sherbrooke Street, Saint-Denis, Peel, de la Montagne, de Maisonneuve and Crescent.
The skyline may be observed from one of two lookouts on Mount Royal. The lookout at the Belvedere takes in downtown, the river, and the Monteregian Hills. On clear days the Adirondack Mountains of Upstate New York are visible, as are the Green Mountains of Vermont. The eastern lookout has a view of The Plateau neighbourhood, Olympic Stadium and beyond.
Montreal is known for its contrast between old and new architecture. The Tour KPMG (a 146 m / 479 ft tall building) and the aforementioned 1000 De La Gauchetière are located adjacent to an Anglican and Roman Catholic cathedral respectively. Downtown Montreal is also home to the main campuses of McGill University and UQAM and a campus of Concordia University.[1][2]
Municipally, the downtown area is part of the Borough of Ville-Marie.
Economy
Air Canada was formerly headquartered in Downtown Montreal. In 1990 the airline announced that it was moving its headquarters from Downtown Montreal to Dorval Airport to cut costs.[3] In 2004 the company said that it has no plans to move its headquarters back to Downtown Montreal.[4]
See also
References
- ^ "Campus Maps", "McGill University". Accessed May 17, 2008.
- ^ "Campus map", "Concordia University". Accessed May 17, 2008.
- ^ "Air Canada layoffs blamed on free trade." Toronto Star. October 10, 1990. A1. Retrieved on September 23, 2009.
- ^ Benzie, Robert. "Tories float Air Canada plan; Ready to lift bilingualism requirement Would 'level playing field,' party says." Toronto Star. June 20, 2004. A07. Retrieved on September 23, 2009.
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