Winnipeg Free Press - PRINT EDITION
A residential cherry on top?
Eyed for new downtown gem
The developers of one of the city's highest-profile downtown construction projects -- 311 Portage Avenue at Centrepoint -- are in late-stage negotiations with a Toronto developer about including a residential tower in the project.
The tower would be built atop the south end of the development's 450-stall parkade, which will stretch for about two-thirds of the length of the block of Hargrave Street between Portage and Ellice avenues.
It's believed the tower would house condominiums rather than rental apartments.
The six-storey parkade will include 16,000 square feet of main-floor retail space stretching along both Hargrave and Ellice.
Centrepoint is a joint venture by two Winnipeg companies -- Longboat Development Corp. and Artis Real Estate Investment Trust. The $75-million project, which will take up much of the block between Portage and Ellice and Donald and Hargrave, also includes a 20-storey tower consisting of one floor of retail space, four floors of offices and a 15-storey, 154-room boutique hotel. That tower is being built on the southeast corner of the block.
Winnipeg restaurateur Bobby Mottola confirmed Friday he has a tentative deal to lease one of the office/hotel tower's two main-floor restaurant spaces -- a 3,413-square-foot spot facing Donald Street.
Mottola, owner of Pizzeria Gusto on Academy Road, said the new outlet won't be a another Pizzeria Gusto.
"It will be a new concept to Winnipeg."
He said he'll release further details once the leasing deal is completed early next week.
Longboat hasn't revealed who is leasing the 8,640-square-foot space facing Portage Avenue, other than it's a national restaurant chain. Company president Scott Stephanson said the name won't be released until the leasing deal is signed.
Earlier this week, Longboat and the Winnipeg office of Cushman & Wakefield, which is handling the leasing of the commercial space in the development, briefed about a dozen local real estate brokers and agents on the progress of the project and the type of space that is still available.
An official with CentreVenture Development Corp. also reviewed the downtown development agency's previously announced plans for developing the Sports, Hospitality and Entertainment District (SHED) in the 11-block area that includes the Centrepoint development.
Stephanson and Wayne Sato, vice-president of office leasing for Cushman & Wakefield, said demolition of buildings on the site is well underway. Once that's done, crews will drill 120 holes for the development's geothermal heating system and then start pouring foundations in late November.
Stephanson said the rehabilitated facade of the former Mitchell Copp building on Portage will serve as the entrance to the office building, and the front door/lobby area of the hotel will face Donald Street.
As previously reported, local engineering firm Stantec has leased about half of the third floor and all of the fourth and fifth floors. The other half of the third floor (8,503 square feet) and all of the second floor (17,566 square feet) are still available.
murray.mcneill@freepress.mb.ca
Republished from the Winnipeg Free Press print edition September 15, 2012 B5
History
Updated on Saturday, September 15, 2012 at 9:14 AM CDT: adds fact box
More Business
- Back to Top
- Return to Business
More Business
(1 of 50 articles for today)
BioteQ signs deal with Teck Resources for pilot test of technology
4:35 PM 0VANCOUVER - BioteQ Environmental Technologies Inc. (TSX:BQE) said Tuesday that it has signed a contract with Teck Resources Ltd. (TSX:TCK.B) ...
Poll
Most Popular Business
- Microsoft reveals Xbox One as all-in-1 entertainment console, last of 3 major systems unveiled
- Creative industries can fuel a city's economic engine
- Manitoba Movers
- Apple uses companies outside US to avoid paying billions in taxes, Senate inquiry finds
- Bridging the gap
- A look at how the struggling French economy compares to Germany's and Britain's
- German software firm SAP to recruit hundreds of people with autism for specialist positions
- Ex-Ford Motors executives charged in tortures of union workers during Argentina's dictatorship
- North American markets climb on gold, energy gains and positive Fed speeches
- As immigration bill nears committee vote, supporters seek delay in debate over gay spouses
- Mounties say crooks passing fake polymer bank notes in British Columbia
- Holiday pump jump debated
- 2 men arrested in killing of Las Vegas teen who refused to give up his iPad
- Driving downtown development
- Transcona transformation
- Microsoft reveals Xbox One as all-in-1 entertainment console, last of 3 major systems unveiled
- Creative industries can fuel a city's economic engine
- 3 Ford owners sue in federal court, saying EcoBoost engine is defective
- Bridging the gap
- Apple uses companies outside US to avoid paying billions in taxes, Senate inquiry finds
- Target opens its first Manitoba stores Tuesday
- New structure to be king of downtown?
- Transcona transformation
- Target opens Manitoba stores
- Mounties say crooks passing fake polymer bank notes in British Columbia
- Raising the rent is a good sign
- City to get a touch of glass
- Canad Inns property has personal meaning for owner
- Holiday pump jump debated
- Border-fee idea doesn't fly
- Ex-'Pegger seeks to grow local businesses
- German software firm SAP to recruit hundreds of people with autism for specialist positions
- Creative industries can fuel a city's economic engine
- There are lots of I's in 'team'
- Tougher food-safety rules in the works: Agriculture Minister Gerry Ritz
- Late deal in workplace sex-harassment case
- Experts urge buyers to take precautions when buying used cars and trucks
- More than a new boss
- US Treasury secretary says he has begun tapping federal retiree pension fund to avoid default
- Microsoft reveals Xbox One as all-in-1 entertainment console, last of 3 major systems unveiled
- Ex-'Pegger seeks to grow local businesses
- Transcona transformation
- Diversification spurs Exchange Income's growth
- Driving downtown development
- Late deal in workplace sex-harassment case
- More than a new boss
- Bridging the gap
- There are lots of I's in 'team'
- Viterra plans $20 million capacity upgrade at four Saskatchewan grain terminals
- German software firm SAP to recruit hundreds of people with autism for specialist positions
- Transcona transformation
- New structure to be king of downtown?
- CEO, execs terminated at TCIG
- Target opens its first Manitoba stores Tuesday
- Canad Inns property has personal meaning for owner
- Winnipeg's got the REIT stuff
- Older and jobless? Resource on hand
- Winnipeg Boeing plant set to expand
- Local boy leads Great-West
- Ex-'Pegger seeks to grow local businesses
Ads by Google











You can comment on most stories on winnipegfreepress.com. You can also agree or disagree with other comments. All you need to do is register and/or login and you can join the conversation and give your feedback.
Have Your Say
New to commenting? Check out our Frequently Asked Questions.
The Winnipeg Free Press does not necessarily endorse any of the views posted. By submitting your comment, you agree to our Terms and Conditions. These terms were revised effective April 16, 2010.