Portage Place Redevelopment Update
- TNRED hosts Build Canada Homes for significant housing announcement
Earlier this week, the federal and provincial governments and the City of Winnipeg joined to announce Build Canada Homes' funding commitment toward Manitoba housing projects. True North Real Estate Development was pleased to host federal Housing and Infrastructure Minister Gregor Robertson and Manitoba Housing, Addictions and Homelessness Minister Bernadette Smith who made the announcement at the former Portage Place mall, near the site of the future TN-SCO 92 Inc. housing tower – a project that will be supported by this funding. Up to $73 million will help deliver 821 homes in Winnipeg and Swan River, the majority of which will be supportive or transitional or for low and moderate-income households.
TN-SCO 92 Inc. will bring 207 downtown residential units to market in 2029 as part of Portage Place’s redevelopment, with up to 40% of units to be rented at affordable rates, below 80% of the median market rents for the area. As part of the announcement, TNRED President Jim Ludlow had the opportunity to highlight the partnership with Southern Chiefs’ Organization on the residential tower and the broader impacts of Portage Place’s redevelopment.
Pre-construction activities continue on the residential tower with deconstruction anticipated to begin before the end of calendar 2026.
- Healthcare Centre of Excellence reaches level 5
PCL Construction and trade partners are now more than five months into construction of the Healthcare Centre of Excellence with crews having recently placed concrete on the fifth level. Work continues on the tower's elevator shaft and stairwells. Preparation has begun for building the exterior envelope of the tower, and next steps include mobilizing for exterior studs and drywall. Additional subcontractors will join onsite work in the coming months.