Winnipeg | Exchange District | Developments & Discussions - Page 349

Labroco · #**6961** Posted **Dec 5, 2025, 6:56 AM**

Quote:

Originally Posted by drew

Selling an empty or underused lot to build a new structure is a far different animal than repurposing a heritage building. This is why there are so few developers that are capable of doing it.

Nutty Club was acquired by the adjacent property owner. The Richardsons…
It’s a little far gone for redevelopment and as I suggested will be land banked.

Quiet heritage redevelopments we are proud of would be Nonsuch, Patent 5, Botanical Paper Works, 44 Princess or 460 Main Street. 833 King Street and 800 King Street in Toronto had an interesting heritage component including hard lofts.

Heritage buildings in Winnipeg are a very difficult financial proposition. There is little demand at any price and those who try to save them have an emotional attachment and dare I say some financial capacity.

Unfortunate, our developments have occurred in Film Studios, Trucking Logistics and horizontal short term parking with little appetite for adaptive reuse in the Winnipeg market any more.

As I have said before more taxation on parking will not create more development down town. A safer living and business environment may…

374 & 376 Donald are available for conversion if anyone here wishes to try their luck. The top floor lofts are beautiful!

drew · #**6962** Posted **Dec 5, 2025, 3:22 PM**

^ your original post seemed to indicate that you (your company) purchased it.

Quote:

It’s a little far gone for redevelopment and as I suggested will be land banked

I find this hard to believe re. it's condition. If the new owners want another opinion regarding it's current condition - send them my way.

1ajs · #**6963** Posted **Dec 5, 2025, 3:46 PM**

Quote:

Originally Posted by drew

^ your original post seemed to indicate that you (your company) purchased it.

I find this hard to believe re. it's condition. If the new owners want another opinion regarding it's current condition - send them my way.

question is. is it worse then the fortune block was?

cant imagin the propty taxs on that one are teribly fair either after they spent all that money

trueviking · #**6964** Posted **Dec 5, 2025, 8:00 PM**

I'm definitely worried that the Richardsons will tear it down, but maybe public pressure will stop that.

FactaNV · #**6965** Posted **Dec 5, 2025, 8:56 PM**

Quote:

Originally Posted by trueviking

I'm definitely worried that the Richardsons will tear it down, but maybe public pressure will stop that.

Honestly if its a teardown to build something cool like a TOD based on the major station there thatd be fine by me. The buildings are decent but this could be a really good spot for something modern and tall.

bomberjet · #**6966** Posted **Dec 5, 2025, 9:07 PM**

Although based on recent events I have zero faith in the city doing proper planning. Future BRT routing along the high line to the corridor in North St. Boniface is still in long terms plans. That building is in the way. Maybe they could do something cool like in Japan where the train goes through the building. This could be a neat station location with some amenities, corner coffee shops, etc.

This is like long distance future Winnipeg timeframe. But I'm still one for land reserves and things like that.

pspeid · #**6967** Posted **Dec 5, 2025, 9:20 PM**

Quote:

Originally Posted by FactaNV

Honestly if its a teardown to build something cool like a TOD based on the major station there thatd be fine by me. The buildings are decent but this could be a really good spot for something modern and tall.

How about a 300' tall statue of Mr. Can-D-Man?

neutroniks · #**6968** Posted **Dec 5, 2025, 9:30 PM**

Quote:

Originally Posted by pspeid

How about a 300' tall statue of Mr. Can-D-Man?

With the BRT route going between under Mr Can-D Man's legs

drew · #**6969** Posted **Dec 5, 2025, 9:44 PM**

Quote:

Originally Posted by trueviking

I'm definitely worried that the Richardsons will tear it down, but maybe public pressure will stop that.

If only there was some locally famous architect who has worked closely with the Richardson's that could give them some friendly advice...

or use their own platform on a local newspaper to get the word out...

neutroniks · #**6970** Posted **Dec 5, 2025, 10:27 PM**

Ted Mosby of Mosbius Designs?

Labroco · #**6971** Posted **Dec 6, 2025, 12:09 AM**

Quote:

Originally Posted by drew

^ your original post seemed to indicate that you (your company) purchased it.

I find this hard to believe re. it's condition. If the new owners want another opinion regarding it's current condition - send them my way.

I was just sharing information and providing our expert opinion on the condition of the building vs what it’s highest and best use may be in light of adjacent development pressure and being outside of the National Historic Site boundary.

With enough capital of course it could be brought up to code, roof, windows, masonry etc. It was bought for land value and another building similar to what it is adjacent to would be a more successful project in my opinion.

Will it become a temporary parking lot while waiting for a phase 2? Perhaps…

Is there another life left in that building? Unlikely…

1ajs · #**6972** Posted **Dec 6, 2025, 12:24 AM**

Quote:

Originally Posted by trueviking

I'm definitely worried that the Richardsons will tear it down, but maybe public pressure will stop that.

I'd find a rehab project that's on Lineas of rrc? that then gets the mural back in some form to tie into ur design next door

Start dreaming up ideas Viking in sure u could come up with something could even be panels of the building that was mixed with modern?

NewIreland · #**6973** Posted **Dec 6, 2025, 12:27 AM**

Quote:

Originally Posted by Labroco

I was just sharing information and providing our expert opinion on the condition of the building vs what it’s highest and best use may be in light of adjacent development pressure and being outside of the National Historic Site boundary.

With enough capital of course it could be brought up to code, roof, windows, masonry etc. It was bought for land value and another building similar to what it is adjacent to would be a more successful project in my opinion.

Will it become a temporary parking lot while waiting for a phase 2? Perhaps…

Is there another life left in that building? Unlikely…

What is truly unfortunate about this whole thing is that is looks like the developers next door (Space2) intentionally designed the modern addition to the development to accentuate the Nutty Club mural. I'm surprised the didn't purchase the buildings, but I also understand that they are a growing albeit it rather small player in the game.