Quote:
Originally Posted by DLLB
It seems like ages since any major building has been announced In Winnipeg. Not knocking the city, it is a great city, it just seems strange that everything has been so quiet.
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There is a lot of construction going on in Winnipeg right now, just not a lot of big or flashy buildings. Between the high cost of construction (especially highrise buildings) and the lower cost of housing, it's very hard to make highrise projects financially feasible in Winnipeg right now. The recently completed residential highrise buildings in downtown (300 Assiniboine, 390 Assiniboine, 311 Hargrave, 255 Carlton aka True North Square, and 300 Main) are all very expensive for Winnipeg.
Here's a listing for the cheapest 2-bedroom condo available in 390 Assiniboine right now. Not many people in Winnipeg want to pay $350,000 for a 2-bedroom condo downtown when you can buy a house in St. James for less. There are a few people in Winnipeg who want that lifestyle, but not many.
https://www.realtor.ca/real-estate/2...nipeg-downtown
https://www.realtor.ca/real-estate/2...nipeg-st-james
A lot of Winnipeg's largest projects right now involve government money (The Bay redevelopment, Portage Place Mall redevelopment, Marketlands, 308 Colony St). I'm pretty sure 308 Colony St is Winnipeg's tallest building under construction right now (21 stories). It's a mixed-income building owned by the University of Winnipeg Community Renewal Corporation. I've linked an article about it below. I think it's "very Winnipeg" that a lot of our largest construction projects are affordable housing instead of the fancy highrises being built in other cities.
https://www.cbc.ca/news/canada/manit...lony-1.7122806