Development
At its zenith from 1880 to 1940, the industrial and manufacturing area adjacent to the canal was once the largest in Canada in terms of both the number of firms and diversity of its output. At one time, over 20% of the workforce of the Island of Montreal was employed in its factories. Given its historic importance, the "Lachine Canal Manufacturing Complex" was designated a National Historic Site of Canada in 1996, in addition to the designation already enjoyed by the canal itself.
Over the last two decades, the canal has seen a large increase in residential and commercial development. In what was originally a very heavy industrial neighbourhood, Pointe-Saint-Charles and Saint-Henri have become very up and coming districts. House values have skyrocketed and many real estate developers have turned the century old industrial factories and warehouses, like that of Dominion Textiles (5524 Saint-Patrick, now Complexe Dompark) & Simmons Bedding Company (4710 St-Ambroise, now Complexe Canal Lachine) into prestigious loft buildings. Complexe Dompark recently celebrated its 100th anniversary and now houses more than 90 multimedia, fashion, publishing, and service industry-based companies in custom designed lofts. The area around the Atwater Market has become one of Montreal's most desirable residential areas for condo owners. Much of this is thanks to the continued effort to clean up the Canal.
The old Redpath Sugar refinery at St-Patrick and Montmorency is now partially Lofts Redpath, converted after being abandoned since 1980.
Read more about this topic: Lachine Canal
Famous quotes containing the word development:
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“America is a country that seems forever to be toddler or teenager, at those two stages of human development characterized by conflict between autonomy and security.”
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