I really like all the money going into North St. B. That should be a nice development. 7 stories seems about right for that location. Will match the height of the CN bridge over the Red. Eastern transitway is also supposed to follow the north side of CN highline. So they'll need some good screening from the buses and trains.
The City is also adjusting zoning a bit to allow more flexibility in north St. B. Higher density along Tache, lower density as you head northwards to match the existing neighbourhood.
http://winnipeg.ca/PPD/NorthStBoniface/
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