Page 14 - BOMA_2019BuildingDirectory

Well-capitalized investors are tipping the cart in their favour and mobile tenants are Anything else
investing in their workplaces of the future at an opportune time.
we should be looking for
Meanwhile, the Class A construction is welcomed. Our downtown stands to benefit along in coming year?
with the increasing number of occupiers who demand premium space, evidenced by the
success so far.
RB: Starlight Investments has
In addition, The SHED district has come alive right before our eyes. It is not coming, it’s Portage Place Shopping Centre
here, and I expect the gravity of the SHED district will be increasingly felt in the office, under contract for purchase and
retail and residential markets improving the overall gentrification of our urban core. As their vision does not include being
I have said before, kudos to those with the vision and gumption to take on some of the the champions of a shiny top-end
numerous developments currently underway in our downtown. refurbished downtown mall. The
foundations are already in place at
Portage Place for two new towers
on either end of the building. This
was part of Cadillac Fairview’s
original vision and construction of
the mall. If this trade proceeds,
Portage Place will likely see new
residential, maintain a meaningful
“ capitalized out-of-market investor
retail component and also become
another example of a well-

Our Association’s mission, vision and strategic plan is to
redeveloping for office functions with
strengthen the safety culture in
a unique value-proposition
to office tenants based on amenities,
Manitoba’s construction industry
live-work-play and proximity to the
SHED.
with proactive education, training and consulting that
supports safe work practices, career development
retail component at Cityplace. It
TM
TM
and COR /SECOR certification across the province. “ This could potentially help the
has been said many times that
Winnipeg cannot support two
downtown enclosed malls. And
speaking of Cityplace, considering
CONSTRUCTIONSAFETY.CA current market dynamics and a large
government tenant recently vacating
the building, I anticipate MPI will
be working diligently on some
long-term planning and visions for
success with this asset. There is a
tremendous opportunity at Cityplace
and perhaps big moves follow bold
ideas there.

In the suburbs, watch for more new
construction in the southwest at
Seasons, Tuxedo Business Park
and the Refinery District (sugar beet
lands). I anticipate some big tenant
movements, new buildings and
perhaps some good opportunities
to purchase or lease good quality
existing buildings as well. 
Interview has been condensed and edited.

14 Manitoba 2019 Commercial Building Directory