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Originally Posted by pspeid
Now I have NO idea if there is a realistic plan on the table, but I am HOPING our civic leaders have been doing something behind the scenes to get ready for this da. They have certainly had the time to prepare for it.
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Considering the space has been pitched as government offices, U of W classroom space, the Indigenous art gallery space, the location for Hydro Place, the downtown HQ for MLLC, and likely many more all with the space basically being given to the potential developer for free and all of those projects had reason to go elsewhere is just screaming about what is happening behind the scenes. I do not know the costing of any of those projects but I have heard the existing building and the cost to basically prepare it for the build out of any of those new uses makes the overall cost near double doing a similar project just about anywhere else downtown.
I recall similar discussions on the former Eaton's building and it ultimately took a major cash handout from the government to get the project off the ground, one taxpayers will still be paying for over decades to come.
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Originally Posted by one_brick_at_a_time
Where is the closest grocery store? Could that and a gym work in that space? Residential above with open concept office? Sounds like more residential in that area might help spur other tenants possibly.
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The challenge with residential is Winnipeg, and especially downtown, is quickly hitting a saturation point on shared building residential including apartments and condos. The extremely large floor plates of the Bay building mean the window square footage v overall square footage is a very low percentage. The popular "hole down the middle" does somewhat address that but it is also a very expensive change.
Also the concept of brick and mortar grocery stores is a complete non-starter. Winnipeg already has multiple click-and-deliver grocery services and that trend is only accelerating from here. Yes, two net-new grocery stores are under construction but how many have permanently closed over the last 5-10 years? It's hard to ignore when a major local grocery retailer takes a large section of their customer focused retail space and converts it to an online fulfilment centre on the fly. It is a trend we are going to see more and more of locally, especially when Amazon opens their grocery fulfilment centre at the airport and starts going aggressively after that market based on price, quality and same day delivery to your door. It's a reality that has been coming for close to a decade and the pandemic slammed hard on that accelerator.