St Boniface Area | Winnipeg | Development

[drew]

Those are some pretty wicked cantilevers, and expensive looking finishes.

Let's circle back to this one after the value-engineering is complete...

[ColdRain&Snow]

Originally Posted by drew

Those are some pretty wicked cantilevers, and expensive looking finishes.

Let's circle back to this one after the value-engineering is complete...

Lol no kidding

[trueviking]

I’m skeptical about the viability of any residential project these days.

[1ajs]

Originally Posted by trueviking

I’m skeptical about the viability of any residential project these days.

the cycles close to the flip be interesting to see where we come out of it in the next 5 yrs

[WinCitySparky]

Yeah once everything catches up and the feds pump subsidies into rental building, resi’s gonna take off like a rocket

[borkborkbork]

Originally Posted by optimusREIM

Love that these tenants/condo owners will be driving bentleys...

These kinds of renderings tend to be outsourced to China. The person doing them would just get the architectural drawings and be told to create a rendering for "luxury apartments". A while back there was a rendering of an apartment building near Ikea that had "public art" in the drawings, so the rendering had one of those $50 million Jeff Koons balloon dogs.

[borkborkbork]

Originally Posted by trueviking

I’m skeptical about the viability of any residential project these days.

Cost of capital, labour shortages, something else, all of the above?

[trueviking]

^ construction costs and interest rates. Every project in my office takes twice as long as it used to because of all the value engineering. Residential projects are generally thin margins anyways, so with those two forces against them, it has become almost impossible to make work. Most in my office have ground to a halt. Two residential projects I was working on recently stopped...another is bankrupt in the middle of construction!

The same building, built in 2019 is now 30% more expensive....add interest rates to that.

[zalf]

^ This seems like it would guide more new builds toward the Paragon approach: a single inexpensive but battle-tested design copy-pasted all over town. Honestly not wildly different in philosophy from all the cinderblock walkup cubes all over the core.

[cllew]

Originally Posted by pegster

With all these plans for redevelopment east of Archibald, any plans on moving the mushroom farm? I can't imagine living that close to that stinky place.

The mushroom farm is slowly transitioning to a new location outside of the city off of HWY 207 about 3 km north of Dugald Rd.

[WinCitySparky]

Originally Posted by cllew

The mushroom farm is slowly transitioning to a new location outside of the city off of HWY 207 about 3 km north of Dugald Rd.

Wow. I take it back.

Don’t worry, Carfair Composites right next door will still be happy to keep up the reek to a lesser degree.

[bomberjet]

Took the stench to Oakbank. Awesome!

[cllew]

Originally Posted by bomberjet

Took the stench to Oakbank. Awesome!

Closer to Dugald actually.

There were conditions on their environmental license to reduce the odors from what they had in Winnipeg being its a new build

[Winnipeg Grump]

Originally Posted by zalf

^ This seems like it would guide more new builds toward the Paragon approach: a single inexpensive but battle-tested design copy-pasted all over town. Honestly not wildly different in philosophy from all the cinderblock walkup cubes all over the core.

Interesting you bring this up. I was listening to a piece the other day on how Canada can work to address the shortfall in housing and one of the experts they had on talked about how back in the day, post-WWII, when we needed to build a ton of housing, CMHC built up to a million 'Victory Homes' across the country with standardized designs. Involved a substantial amount of pre-fab work and even got to the point that lumber mills were producing specific lengths and widths of cuts tailored to the designs to speed up the process.

https://www.bloomberg.com/news/featu...victory-houses

And since they were pre-approved designs, they weren't getting bogged down at the municipal offices waiting for someone to pour over the designs and sign off on them.

[trueviking]

Originally Posted by cllew

The mushroom farm is slowly transitioning to a new location outside of the city off of HWY 207 about 3 km north of Dugald Rd.

really?!!! that's great news....how slowly?

[trueviking]

Originally Posted by zalf

^ This seems like it would guide more new builds toward the Paragon approach: a single inexpensive but battle-tested design copy-pasted all over town. Honestly not wildly different in philosophy from all the cinderblock walkup cubes all over the core.

that and suburban with multiple buildings....infill was always more expensive and has all kinds of NIMBY's fighting you....now its basically impossible.

[trueviking]

Originally Posted by Wpg_Guy

199-201 Marion, 26 rental Units & 1 CRU

i heard this is dead.

[optimusREIM]

Originally Posted by trueviking

i heard this is dead.

Any word on why? That's a pretty recent proposal.

[cllew]

Originally Posted by trueviking

really?!!! that's great news....how slowly?

Not sure on the time frame but with the new owners from the USA I'm guessing sooner rather than later. The new site was purchased in 2008 by the previous owners

[Wpg_Guy]

Originally Posted by trueviking

i heard this is dead.

Same group behind the new Aubert proposal.