Page 10 - BOMA Manitoba 2021 Commercial Building Directory

In terms of rental and vacancy rates,
it’s too early for the data to reflect the
full impact of the pandemic and the
conditions on the ground continue to
evolve on a daily basis. The general
trend is that retail landlords have
chosen to hold inventory rather than
provide deep discounts. At the same
time, they are embracing pop-up, short
term and even percentage rent only
deals provided they give he Landlord
the option to terminate. This model
has proven especially successful with
former fashion spaces that are in move-
in ready condition.
towards mixed-use will only accelerate What the “new normal” will look like
As for the future of retail development, as developers take matters into their will largely depend on how long it takes
it will continue to follow neighbourhood own hands, building multi-family on to get there. All crises of this nature
formation and growth. Open air lands previously designated for retail or become Darwinian struggles. Those
grocery anchored developments will office uses. A great example of this is who have the resources to survive and
continue to succeed provided they on Taylor Avenue where we are currently willingness to adapt will no doubt
are surrounded by enough population developing the first of many planned emerge stronger on the other side.
density. With that in mind, the trend luxury apartment buildings.

Total
Year
Building Name Sq.Ft. Floors Built # Parking Management Company Anchor Tenants
Stalls
Kildonan Place Marshalls/HomeSense, H&M, Urban Planet, Dollarama,
1 446,263 112 1980 2,097 Primaris Management Inc.
www.kildonanplace.com Famous Player Theatres, Shoppers Drug Mart
Canadian Tire, McNally Robinson Booksellers, Red River
Grant Park Shopping Centre
2 405,878 73 1968 1,977 Primaris Management Inc. Co-op, Goodlife Fitness, Shoppers Drug Mart, Landmark
www.grantparkshoppingcentre.com
Cinema, MLCC, Winners
Portage Place Shopping Centre
3 497, 561 75 1987 1,060 Peterson Investment Group Ltd Shoppers Drug Mart, Staples
www.portageplace.mb.ca

Outlet Collection Winnipeg Saks OFF 5TH, Old Navy Outlet, Designer Shoe Warehouse,
4 406,500 98 2017 2,447 Ivanhoe Cambridge Inc.
www.outletcollectionwinnipeg.com Nike, Winners
CF Polo Park
5 1,202,000 200 1959 5,872 Cadillac Fairview Corporation Ltd. Hudson's Bay, Urban Planet, Sport Check, Anthropologies
www.cfshops.com

St Vital Centre Chapters, London Drugs, SilverCity, SportChek, Hudson's
6 931,831 160 1979 4,661 Cushman & Wakefield Asset Services ULC
www.stvitalcentre.com Bay, Walmart
Cityplace
7 452,815 38 1919 1,200 McCOR Management Boston Pizza, CIBC, Rexal Drugstore, Shark Club
www.cityplacewinnipeg.com

Winnipeg Square
8 137,026 37 1980 950 Artis REIT Shoppers Drug Mart, TD Bank
www.winnipegsquare.com
Garden City Shopping Centre
9 492,892 75 1970 2,127 RioCan Management Inc Sears, GoodLife Fitness, Canadian Tire, Winners
www.shopgarencity.ca

10 Manitoba 2020 Commerical Building Directory