Quote:
Originally Posted by WhipperSnapper
Artis has a large commercial/industrial portfolio. It won't be just residential. I'd also speculate they'll be looking to sell the residential to a rental portfolio or condo developer.
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What do you foresee? A mixed use building? It sounds plausible....considering that TNS and Skycity are in the works, 40 storeys more residential space is an awful lot to dump on a downtown housing market that is still fairly nascent relative to other major Canadian cities.
To those outside of Winnipeg, this project is of particular symbolic importance because it will take up the south pad of the block-long Trizec-developed Winnipeg Square project. The pad was originally slated for an office tower that would be a twin to 360 Main, but it was never built... we've just had this ugly pad sitting there since the early 1980s.
Once this tower is built, the only unbuilt portion of Winnipeg Square that will remain is the pad between the two towers which was originally intended to have a large but low-slung atrium hotel.
Here's the site of the planned tower, the pad where you can enter Winnipeg's underground mall with nothing on top of it. Winnipeg Square I is on the far left, and a full recladding is part of the project that will see the new tower get developed.

Source: Bryan Scott,
winnipeglovehate.com