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Originally Posted by BAKGUY
Doubled? The current owners got it much below cost.like 1/2 ..Mr Asper paid like everyone else there did, $ 1 million per floor.he and wife bought 2 floors... Unfinished..nothing but concrete, that makes 2 million...there are the costs for flooring, ceilings, all finishing, likely he paid in the early 2000's total $4 - 5 million...It would be worth 5 times more in any other major city. For who likes and can afford, you could never build it for half the price even in Winnipeg
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If they paid 1.7 and are asking for over 3.4, then yes they are asking for double. What the Aspers paid is irrelevant.
Quote:
Originally Posted by 1ajs
under the paint on the winnipeg hotel is a red brickand lime stone if i remember old photos of it proper
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Yes they exposed part it last year when they bought it, you've been able to see it on the front since fall.
Quote:
Originally Posted by Labroco
The two fifty foot parking lots to the south of 185 Smith are part of the same parcel. They will ultimately build there.
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Hopefully they keep the entrance/exit off the lane like the current lots. That's one of the few large and well-paved lanes in the city lol so shouldn't be an issue. A mixed use parkade would of course be awesome, on a street like this it should be mandatory (and easily doable).
Quote:
Originally Posted by esquire
Feels like we've been hearing on and off rumours for the SW/SE corners for years now. Hopefully we aren't too far away from seeing something finally happen there.
This also makes me wonder...what are the chances of development on the NW/NE corners of Donald and St. Mary? The NE corner has a fairly small and modest office building that seems suited for redevelopment. Although I'm guessing the NW corner is off limits since it's the loading area for Cityplace… the only way to really do anything there would be to build over top and leave the ground floor for loading. Or could the loading area be shunted to the underground level?
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Quote:
Originally Posted by Biff
Donald and St Mary - SW corner is owned by MPI - the SE corner is where they did the soil testing last year. I have heard there is some things slowly coming out about this one
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Wasn't there also testing on SW corner? Or was that the SW @ York? Sounds like you know it's SE haha, but that kind of shocks me as that is the Best Western guest lot.
Quote:
Originally Posted by BigG
Last I heard, Fortress still owns it no?
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The bankruptcy case owns it right now. CentreVenture owns the St. Regis as it reverted to them based on the contigency deal, it's being torn down soon.