Winnipeg Free Press - PRINT EDITION
Pocket flats to 'float' above
Developer plans Exchange project
By: Geoff Kirbyson
Posted: 07/24/2011 1:00 AM
Richard Walls hopes the tenants for his latest Exchange District project will be so happy they'll be walking -- and sleeping -- on air.
The downtown developer is part of the group that owns 88 Arthur St., and its neighbour, 245 McDermot Ave., two Exchange District buildings where the existing space is already spoken for. With no empty pads in sight, his only available option for development is to go up, right?
Wrong.
One day while standing outside the two properties, he looked up and it hit him right between the eyes. The idea seemed so obvious, he couldn't believe he hadn't thought of it before.
He requires the use of the laneway between the two buildings to service them but the empty space above isn't serving any purpose. So that's where he's planning to build three to four "pocket" apartments -- about 700 square feet each in size -- and rent them out for about $800 a month.
http://www.winnipegfreepress.com/local/pocket-flats-to-float-above-126078338.html