Winnipeg | True North Square | 86.9M | 77.8M | 25F | 17F | 22F | 17F | 19F | U/C

[buzzg]

Originally Posted by CoryB

In terms of The Burt I would love to see something like the Playhouse lobby annex. My vision is punt Enterprise out of there and build something on that spot perhaps with a restaurant/bar on a second floor with high ceilings on the ground level. Connect it all up to the theater with a hallway along Smith to the existing entrance.

Exactly my thoughts. And I don't think it's that farfetched to believe TN is likely already looking into this. They wouldn't have outright bought the theatre if they didn't think it had potential to become a big piece of their portfolio – and this type of addition/reno would be the only way to make it into a Tier 1 venue. TN is one of the parties that was (quietly) rightly furious about the new Club Regent venue, so if they want to compete (and surpass) it – that's the only way.

[esquire]

^ With all due respect to TN, they've already received (and continue to receive) a fair bit of help from the province. They can't expect the government to starve its casinos to favour TN on top of that...

[Biff]

Pg 239 ---->

[buzzg]

Originally Posted by esquire

^ With all due respect to TN, they've already received (and continue to receive) a fair bit of help from the province. They can't expect the government to starve its casinos to favour TN on top of that...

It has hurt CanadInns with the Met, forced the closure of the Garrick (we'll see how long new owners last) and has been met with general disgust by the entire arts community. For- and not-for-profit. The province decided to go head-to-head with an industry already struggling to stay afloat that has seen numerous venues close over the last decade. The government is not here to compete with (and destroy) local business.

[dmacc]

^^^ Agreed

[esquire]

A lot of the acts going to Club Regent tend to be casino-circuit regulars that probably wouldn't end up at the Garrick, much the same way that a punk act at the Garrick wouldn't play Club Regent. And then there's niche stuff like Filipino singers and the like which Club Regent books, you seldom saw acts like that at the other venues.

As for the Met, it's just an awkward facility to begin with. Every event in there feels odd... it isn't a sit-down banquet hall, it isn't a proper theatre or concert space... they're hampered by what they've turned it into. I can't think of an event that wouldn't feel compromised in there.

[bomberjet]

I've have to agree about the Met unfortunately. The restoration is really nice. But it's a banquet hall, not a theatre or concert venue.

[dmacc]

Is the glass going up as quick on the front of Tower 2 as it is on the back?

[Wpg_Guy]

Originally Posted by dmacc

Is the glass going up as quick on the front of Tower 2 as it is on the back?

Seems to be yes.

Originally Posted by WpG_GuY

@SeanBarnes13 May 26

A beautiful Saturday morning in #Winnipeg and @truenorthsquare is a ������ hive of activity. Going to put on my PPE and tour the office tower (r) which will receive its first tenants in 5 weeks time. @PCLConstruction Winnipeggers Building Winnipeg

[Wpg_Guy]

Short vid on twitter

https://twitter.com/twitter/statuses...29467712491520

[dmacc]

Nice, looks awesome. At this rate the glass will all be in within a couple months. 6 months left to go for Tower 2. Lets bring on the start of 3 & 4

[lilwayne]

none of those bldgs existed 10 years ago other than the raddison hotel

downtown has made alot of progress in the last 10 years.. im sure once true north square and 300 main street are completed.. there will be a lot more demand to live downtown... and all residential that supposed go up at the forks and waterfront drive should build enough critical mass in the core that safety will no longer be a issue. tif or no tif downtown wpg is on the rise and future projects like 300 main wpg art gallery expansion should only further help shift its perception. i noticed now that for night life and entertainment dt is the premier spot to go on the weekend. i wouldnt doubt that we here about cpl more high rises up next 5 years..

[dmacc]

I hope you're right, I'm a bit more pessimistic though. I think after TNS and 300 main are built that we will see a slower growth in the downtown. I believe the apartments at 300 Assiniboine are only 30% filled. It may take a little longer to fill those suites. With the sale of 185 Smith we are essentially adding an extra apartment building to the market. I think we may see a bit of a pause to the building downtown. I do however believe we will see the positive windfalls as those sites begin to fill. We should see an increase of 25-30% in the downtown population. That will help with the critical mass, I just think were looking at something that will take closer to a decade to come to fruition.

[Wpg_Guy]

https://pbs.twimg.com/media/De3Ia4mVQAEC7TG.jpg:large
@RBCConvCtreWpg
30m30 minutes ago

[Wolf13]

Originally Posted by dmacc

I hope you're right, I'm a bit more pessimistic though. I think after TNS and 300 main are built that we will see a slower growth in the downtown. I believe the apartments at 300 Assiniboine are only 30% filled. It may take a little longer to fill those suites. With the sale of 185 Smith we are essentially adding an extra apartment building to the market. I think we may see a bit of a pause to the building downtown. I do however believe we will see the positive windfalls as those sites begin to fill. We should see an increase of 25-30% in the downtown population. That will help with the critical mass, I just think were looking at something that will take closer to a decade to come to fruition.

Couple thoughts

1. 300 Assinniboine, to me, is an earn-your-inheritance project. Owner/developer is retired and deliberately made this an affordable project to build geared towards older renters, ie harder to lease up, but much lower turnover. Next generation will fight harder to make their money, but be more secure thereafter.

2. That said, not entirely sure they know what they're doing...300 Assinioine is somewhat underwhelming and lacks amenities and flair. Designed moreso along the old Winnipeg mindset of providing xyz for as little as possible, rather than blowing up the market with a superior project.

3. 185 wouldn't compete with TNS, 300 Main or 300 Ass. Apartment market is quite healthy still.

They also have that sweet looking office building on henderson. Looks awesome, but flawed idea in the end.

[dmacc]

Originally Posted by Wolf13

Couple thoughts

1. 300 Assinniboine, to me, is an earn-your-inheritance project. Owner/developer is retired and deliberately made this an affordable project to build geared towards older renters, ie harder to lease up, but much lower turnover. Next generation will fight harder to make their money, but be more secure thereafter.

2. That said, not entirely sure they know what they're doing...300 Assinioine is somewhat underwhelming and lacks amenities and flair. Designed moreso along the old Winnipeg mindset of providing xyz for as little as possible, rather than blowing up the market with a superior project.

3. 185 wouldn't compete with TNS, 300 Main or 300 Ass. Apartment market is quite healthy still.

They also have that sweet looking office building on henderson. Looks awesome, but flawed idea in the end.

I understand that they are very different but I figured nearly 1000 new suites added to downtown in a matter of 5 years would take a little time to fill. I hope I wrong, the residual economic benefit in adding nearly 2000 people to that area would be a good boost and maybe help push the city to a bit of a critical mass of additional development. I would love to see a boom result from these projects that leads to a big development push of the Forks, and the surface parking over a 10 year period.

My guess there will be a bit of a pull back to development for a short period and then a stabling out of decent growth that compounds over the next decade. I would be happy with 5 mid-high rises on top of the ones already planned between now and 2028

[Wpg_Guy]

https://instagram.fybz2-1.fna.fbcdn....39812352_n.jpg

[Wolf13]

Originally Posted by dmacc

I understand that they are very different but I figured nearly 1000 new suites added to downtown in a matter of 5 years would take a little time to fill. I hope I wrong, the residual economic benefit in adding nearly 2000 people to that area would be a good boost and maybe help push the city to a bit of a critical mass of additional development. I would love to see a boom result from these projects that leads to a big development push of the Forks, and the surface parking over a 10 year period.

My guess there will be a bit of a pull back to development for a short period and then a stabling out of decent growth that compounds over the next decade. I would be happy with 5 mid-high rises on top of the ones already planned between now and 2028

It's perfectly reasonable to figure that. Who knows how much Edison will nudge 185 Smith upmarket...

Regardless, it remains a lot of units for our downtown, as you said.

[bomberjet]

IMO, there is more market for rentals than condos. BUt that's just me.

If someone wants to buy a condo in a new upcoming project, such as SkyCity, they're in for the long term before even moving in. If ever.

For rentals, they build it. Then people who are in the market now for a suite can simply sign the agreement and move in.

[Wolf13]

Originally Posted by bomberjet

IMO, there is more market for rentals than condos. BUt that's just me.

If someone wants to buy a condo in a new upcoming project, such as SkyCity, they're in for the long term before even moving in. If ever.

For rentals, they build it. Then people who are in the market now for a suite can simply sign the agreement and move in.

It isn't just you. The market research empirically states that Winnipeg has a favourable rental market.

Meanwhile condos are still overbuilt. Home sales have slowed down, and I imagine construction has only increased to squeak in before development fees come into play.