Cité Multimédia is a neighbourhood located in between Old Montreal, Griffintown and Downtown Montreal. The area has undergone gentrification and urban renewal with the goal of turning it into an important center for information technology. Many high-tech companies are now located in the area, in addition to new residential buildings. The property values in this part of Montreal are very high.
The neighbourhood has 6,000 workers, and an average salary of $73,000 per year. This figure is almost 25% above Montreal's average.
Groupe Cardinal Hardy and Groupe Provencher & Roy architectes collaborated on the district's urban design.[1]
[edit] Controversy
The Parti Québecois government of Bernard Landry upset members of Montreal real-estate community and some high-tech entrepreneurs when it forced companies to relocate to Cité Multimédia and nearby Cité du commerce électronique in order to receive tax assistance.[2]
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