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While it is true that some of the old buildings were very impresive. The fact is the tenants of some of those buildings wanted newer, larger and more modern work environments. TD who leased a good part of that corner required new office space. Winnipeg's highly recognized intersection was is high demand by those same leading tenants. Either way, the probability of those buildings being occupied beyond levels of the Union Building (old Royal Bank Building) today, is not very high. Winnipeg may have only forgone its place in the modern advancement of commercial space.
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Sadly, you are probably right.
I still don't understand why europeans can appreciate and embrace old buildings and we can't. Even for office space.
Somehow we can't stand a little crack here and there or the minor inconvenience. The Grain Exchange Building for example, had it's interior butchered with cheap drywall and linoleum floors. Why can't we love the old and worn wooden floors like a European would? Why can't we love the old cracked ceilings?
Somehow when we go to Paris and a building has a dirty facade with rusted iron balcony fences it's okay. If we go to Italy and the roof tiles show their age we find it cute. But here at home we have no understanding for a building's right to age with dignity.