Winnipeg Construction

[cheswick]

Originally Posted by headhorse

you must have went on the opening day of their open house, because it didn't open until Feb. 10. the Market building has 11 of 15 sold (as of over a month and a half ago). Not sure how sales have been for the building on James since the show suite opened but I know it helped when the building on Market opened theirs.

Yeah it was the official grand opening or something. The display suite has been open for a long time. They switched realtors at some point as well.

Prices range from $399,420 for the 1140ft display suite to $199,927 for a 566ft bachelor (or is it studio, not sure the difference). Condo fees being $542 on the high side to $299 on the low side. Includes heat & hydro. Seems high to me but maybe that's on par with other units in the area?

[trueviking]

Originally Posted by drew

parking parking parking parking...

yup...i was talking to the developer of Sky and phase 2 is selling well....

[dpenner]

did any of your talk with him by chance involve a timeline for when the james street parkade is going to be built??

[CoryB]

Originally Posted by dpenner

Way different circumstances, the Glendale westgate center is a single use zone that is strictly entertainment, situated in a suburb away from downtown phoenix. I agree that single use designated entertainment zones are not the best idea and usually fail. They are only active during active hours and dead zones the rest of time, they usually gravitate towards generic chain stores and restaurants which can be found anywhere and are less of a draw, among many other faults. Also in Glendales case it was a single developer who constructed the entire development (there are numerous problems with a single developer doing it).

The similarities on what you describe as the problems with Glendale and Winnipeg are screaming at me. Currently in or near the Winnipeg SHED we have Boston Pizza, Tavern United, The Met, Elephant and Castle and soon Milestones, every one of which is a chain restaurant. In the SHED there is currently one none chain, Samurai, and one coming in the CentrePoint development. In terms of developers, we know that Longboat was behind the arena and now CentrePoint, with talk that they have secured to the two highly prized MPI lots. Finally, go by the SHED on any non-event night and take a look at the amount of activity going on there. Yes, that may change but I am sure the developer of Westgate made the same argument when pitching their SHED concept.

[bomberjet]

Originally Posted by CoryB

The similarities on what you describe as the problems with Glendale and Winnipeg are screaming at me. Currently in or near the Winnipeg SHED we have Boston Pizza, Tavern United, The Met, Elephant and Castle and soon Milestones, every one of which is a chain restaurant. In the SHED there is currently one none chain, Samurai, and one coming in the CentrePoint development. In terms of developers, we know that Longboat was behind the arena and now CentrePoint, with talk that they have secured to the two highly prized MPI lots. Finally, go by the SHED on any non-event night and take a look at the amount of activity going on there. Yes, that may change but I am sure the developer of Westgate made the same argument when pitching their SHED concept.

The key difference you're missing is Winnipeg's SHED is downtown, while Glendale's is in the boonies somewhere. Winnipeg's SHED will always have activity at some level, while Glendale's hinges mostly on the Coyotes and shopping.

[chrisallard5454]

Originally Posted by bomberjet

The key difference you're missing is Winnipeg's SHED is downtown, while Glendale's is in the boonies somewhere. Winnipeg's SHED will always have activity at some level, while Glendale's hinges mostly on the Coyotes and shopping.

Not to mention the constantly increasing population that lives downtown 24/7.

[Riverman]

We used to go to the E&C for beers a lot but we quit going because it is always too damn busy! Boston Pizza where we frequent now is quite busy too, even on non-event nights.

Originally Posted by chrisallard5454

Not to mention the constantly increasing population that lives downtown 24/7.

This is no doubt helping.

[trueviking]

Originally Posted by dpenner

did any of your talk with him by chance involve a timeline for when the james street parkade is going to be built??

its up to the city...nobody knows when that will happen....they have been promised that it will but it has vanished into the bowels of city hall...when it emerges is anyone's guess.

[Mininari]

Originally Posted by bomberjet

The key difference you're missing is Winnipeg's SHED is downtown, while Glendale's is in the boonies somewhere. Winnipeg's SHED will always have activity at some level, while Glendale's hinges mostly on the Coyotes and shopping.

Yeah, same sentiment here. Take a look at the Glendale Arena and entertainment district. It is a couple of big sports facilities, with some attached retail, a nice little plaza, all SURROUNDED by an ocean of parking lots. Granted more residential development was supposed to happen around the area, but didn't due to the economic slowdown in the US.

Winnipeg's SHED is going to directly benefit on off-nights (no events) from the plethora of residential development going into the area... you can't judge the two until we have some people LIVING in these new units. Same goes for the ground-level retail, and grocery store demand. Wait until we add 1000 people... 2000... 5000. Watch what happens. This takes time -- eventually the parking annoyance should become less frequently an issue as services, stores become available in walkable distances.

[ctochico]

Originally Posted by trueviking

yup...i was talking to the developer of Sky and phase 2 is selling well....

did the developer happen to say whether or not the construction on phase 2 of sky is on schedule to be complete in august?

[chrisallard5454]

Originally Posted by ctochico

did the developer happen to say whether or not the construction on phase 2 of sky is on schedule to be complete in august?

I went by there a couple of days ago, they are already starting the third floor. Seems to be clipping along at a decent pace. If it isn't finished by August, it will not be too long after.

[dpenner]

Originally Posted by chrisallard5454

Not to mention the constantly increasing population that lives downtown 24/7.

which i also mentioned in the original post, as i said the key difference is

westgate shopping area=single use


SHED=completely mixed use area

with that you cant even compare the two

[dpenner]

Originally Posted by trueviking

its up to the city...nobody knows when that will happen....they have been promised that it will but it has vanished into the bowels of city hall...when it emerges is anyone's guess.

thats really disappointing, that parkade was supposed to have those ground level commercial units that i was hoping would eventually see a small grocery store move in or some other needed service

[trueviking]

If there is ever a parkade, I can guarantee you that it will not have retail units. They don't have enough money for a bare bones parkade. The longer they wait the worse that will get.

[flatlander]

Originally Posted by CoryB

Just had a first hand experience that demonstrated how wrong attempting to force the SHED to happen is. I had a chance to visit Westgate City Center in Glendale, which is essentially their SHED concept built around a hockey arena. Granted the business of hockey is a little different in each city but they had numerous empty store fronts even ones in the most prime locations. I then did some reading on it and found out the developer actually ended up being forced into bankruptcy. Definitely seems like there are some lessons to be learned there.

My understanding is that SHED revenues in Glendale are being used to support the arena, while SHED revenues in Winnipeg are being used to support mixed use development. Makes all the difference in the world.

Also as everyone else has noted completely different contexts.

[flatlander]

Originally Posted by trueviking

If there is ever a parkade, I can guarantee you that it will not have retail units. They don't have enough money for a bare bones parkade. The longer they wait the worse that will get.

Guess a letter from Sheegl isn't worth the paper it's printed on.

[dpenner]

Originally Posted by trueviking

If there is ever a parkade, I can guarantee you that it will not have retail units. They don't have enough money for a bare bones parkade. The longer they wait the worse that will get.

wow thats brutal, i was just going by that tiny render that let out a while back....sad state of affairs....

[1ajs]

no order

1. Trubune site
2. MPI
3. mpi lot 2
4. lakeview
5. holiday in
6. empty lot beside td
7. high and lonesome - winnipeg hotel
8. broadway at smith
9. D condos
10. pencle

[JamieDavid Exchange]

...

[bomberjet]

Fortress RDI now says expect an announcement about Winnipeg development in Q2.
https://twitter.com/FortressRDI/