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FAM REIT Announces Investment in $53 Million Fully Pre-Leased Data Centre Development Project in Winnipeg, MB and $21 Million Equity Financing

FAM REIT Announces Investment in $53 Million Fully Pre-Leased Data Centre Development Project in Winnipeg, MB and $21 Million Equity Financing | Winnipeg Market Update | Scoop.it
TORONTO, ONTARIO--(Marketwired - April 22, 2014) - NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES FAM Real Estate Investment Trust (TSX:F.UN)(TSX:F.WT) (the "REIT") announced today that it has entered into a firm agreement to invest $16 million in a fully pre-leased 64,000 sf...
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Lowe’s Coming to Winnipeg | 680 CJOB - Winnipeg's News & Information Leader

Winnipeg is getting a Lowe's. The massive American base ...
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Innovative U of W project

Innovative U of W project | Winnipeg Market Update | Scoop.it
Work is underway on what's being billed as the downtown's first larger-scale, truly mixed-income apartment complex.A University of Winnipeg project, the $30-million, 14-storey UWinnipeg Commons under construction at 320 Colony St., will boast 102 one-, two- and three-bedroom suites.
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Empty spaces

Empty spaces | Winnipeg Market Update | Scoop.it
Winnipeg's overall retail vacancy rate has climbed to its highest level in more than a dozen years in the wake of a rash of store closings and downsizings earlier in the year.Industry officials had predicted in April the rate would jump above five per cent in the aftermath of a retail shakeup earlier this year that included the closure of all 133 Target department stores in Canada and the shuttering of 66 Future Shop home-electronics stores.
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Union gains Tims toehold

Union gains Tims toehold | Winnipeg Market Update | Scoop.it
A Tim Hortons location on Portage Avenue has become the iconic coffee chain's first unionized shop in Manitoba.Thirty-five employees at 1146 Portage Ave. in Wolseley have voted to join the Workers United Canada Council effective Wednesday, said Rabia Syed, organizing co-ordinator for the WUCC.
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The city is losing $200,000 a month in lost rent as Graham Ave building sits empty

The city is losing $200,000 a month in lost rent as Graham Ave building sits empty | Winnipeg Market Update | Scoop.it
The two-thirds vacant Graham Avenue Tower has proven to be a $200,000 a month liability for the city and officials say it is going to cost the city millions more if they want to sell it.
Marc Pittet, the city’s acting director of property and development, told reporters on Thursday after the city’s finance committee meeting that selling or leasing the tower will be nearly impossible without “millions” invested in refurbishing the building.
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True North to acquire former Carlton Inn site

True North to acquire former Carlton Inn site | Winnipeg Market Update | Scoop.it
True North Sports & Entertainment is exercising its option to buy the former Carlton Inn site from Winnipeg’s downtown development agency.
True North spokesman Scott Brown announced today the Winnipeg company will proceed with its option to buy 220 Carlton St. from CentreVenture, which purchased the former hotel site for $6.6 million and later demolished it.
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St. Regis Hotel sold by CentureVenture to developer

The Toronto developer behind the proposed 47-storey SkyCity Centre condo tower has acquired the neighbouring St. Regis Hotel property with the intention of building a 625-stall parking structure and commercial /retail complex on the site.
The property’s current owner — CentreVenture Development Corporation — announced said today a numbered Manitoba company controlled by Fortress has purchased the building and an adjacent Smith Street parking lot for $4 million.
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Manitoba had the biggest increase in retail sales in the country in March: StatsCan

Manitoba posted the biggest percentage increase in retail sales in the country in March, with sales up nearly two per cent from the previous month, Statistics Canada said today.
The agency said the province’s retailers reported $1.52 billion worth of sales for the month.
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Sports training centre to be built in Winnipeg's Exchange District

Sports training centre to be built in Winnipeg's Exchange District | Winnipeg Market Update | Scoop.it
Construction on a massive sports training complex and performance centre in Winnipeg will begin this summer.
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Polo Park's 'children's niche' getting Lego

Polo Park's 'children's niche' getting Lego | Winnipeg Market Update | Scoop.it
It's now official -- Winnipeg's first Lego store will be in the Polo Park shopping centre.
The general manager of the city's largest shopping mall said Monday the store will open this summer in the 2,600-square-foot former Laura Plus space on the second floor between centre court and the Bay.
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The Forks approved for new form of liquor licence

The Forks approved for new form of liquor licence | Winnipeg Market Update | Scoop.it
By the end of the year, you should be able to wander around The Forks Market with a beer in your hand without freaking out the kid behind the mini-doughnuts counter.
This isn’t because The Forks plans to make drastic cuts to security or declare 2015 the “Year of The Tall Boy.
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Pioneering commercial condos

Pioneering commercial condos | Winnipeg Market Update | Scoop.it
Commercial condominiums have been slow to catch on in Winnipeg, but that isn't stopping one local de... - Business - Winnipeg Free Press.
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Downtown storefronts to be spruced up

Downtown storefronts to be spruced up | Winnipeg Market Update | Scoop.it
Thirteen storefronts in the Exchange District will receive facelifts this summer with the help of a program administered by downtown-development agency CentreVenture.
The city and province plan to spend a combined $261,000 to help spruce up the facades and restore heritage elements at five McDermot Avenue properties, three on Princess Street, two on Albert Street and one each on James Avenue, Main Street and King Street.
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Alt Hotel set to welcome Browns

It might be the worst-kept secret in the city's restaurant and hospitality community -- Browns Socialhouse is coming to downtown Winnipeg.
An official announcement is expected Tuesday, but all signs point to the Vancouver-based "upscale family dining" operator to move into a 7,000-square-foot space in the recently opened Alt Hotel.
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Colourful Art Installation Brightening Up Corydon Strip

Colourful Art Installation Brightening Up Corydon Strip | Winnipeg Market Update | Scoop.it
WINNIPEG -- Colourful statue-like figures popping up along the Corydon Avenue strip are turning heads and having locals asking questions.
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Freshii invasion a healthy development for city

Freshii invasion a healthy development for city | Winnipeg Market Update | Scoop.it
MATTHEW CORRIN says he can't disclose much about a significant partnership his Toronto-based Freshii fast-casual, super-healthy restaurant chain is announcing in the coming weeks.
But the former Winnipegger is more than happy to talk about how excited he is that no less than four Freshii outlets are in the works for Winnipeg.
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Heritage conversion A 'LABOUR OF LOVE'

It's three down and one to go in StreetSide Development Corp.'s multi-year conversion of four Exchange District heritage buildings into residential condominiums.
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Popping up in Portage Place

Popping up in Portage Place | Winnipeg Market Update | Scoop.it
Entrepreneurship involves taking risks, and local clothing designer Myles Genido realized it was time to stick his neck out.Until now, the four-year-old streetwear-clothing company he and Justin Cansino founded, called Mighty Malicious X Delicious, had been operating as a part-time, online business.
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Lofty condo plans for the West End

Lofty condo plans for the West End | Winnipeg Market Update | Scoop.it
THE West End is undergoing a renaissance and another group of developers is hoping to get in on the action by building a five-storey condo complex on a mainly commercial/ industrial stretch of Burnell Street.
Consulting engineer Alan Roberts and residential property manager/ investor Brett McLaren hope to build their 34- to 36-unit, $8-million, W.E. Lofts (pronounced We Lofts) complex on an empty lot at 361 Burnell St.
Roberts said they need to pre-sell 23 of the units, hopefully by the end of A
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Plan would redefine downtown

Plan would redefine downtown | Winnipeg Market Update | Scoop.it
Most mid-sized North American cities have struggled to maintain a healthy downtown retail market. Winnipeg is no different.
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There is something new brewing here

There is something new brewing here | Winnipeg Market Update | Scoop.it
The next time you go to a dinner party, don't be surprised if your hosts serve you a glass or two of Suzy's Sauvignon or Larry's Lager.Thanks to new provincial legislation that comes into effect today, retailers of home-brewing and winemaking kits can apply to offer their customers in-store brewing.
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Infill with a twist

Infill with a twist | Winnipeg Market Update | Scoop.it
Lots go on sale next month for a new development of infill housing in River Heights that's not only unusual in and of itself, but the way the lots will be sold is also unique.One of the co-developers of the 30-home development, which is being built on the former Sir John Franklin school property, believes it's the first major infill development involving detached, single-family homes in River Heights in at least a half-century.
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Cadillac Fairview purchases Polo Park Target store

Cadillac Fairview purchases Polo Park Target store | Winnipeg Market Update | Scoop.it
A buyer has been found for another former Target location in Manitoba.
A spokeswoman for Cadillac Fairview, the Toronto-based company which owns the Polo Park Shopping Centre, has confirmed the company has purchased the Target-owned land and stand-alone building next to the mall for an undisclosed sum.
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The Forks unveils plans for new food court

The Forks unveils plans for new food court | Winnipeg Market Update | Scoop.it
The Forks is about to embark on a $2.5-million overhaul of its food court in the hopes of bringing people – particularly young ones – in year-round.
Paul Jordan, CEO of Winnipeg’s hottest tourist spot, said it has about 3.5-million people walk through its doors every year, but they’re concentrated in the summer months and January and February, after the river skating trail opens up.
Requests for proposal will go out today for new food operators and a committee will select the best ones.
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Multi-family starts rise in city in April

THE pace of new-home construction picked up last month in the Winnipeg area thanks to a surge in multi-family housing starts, new Canada Mortgage and Housing Corp. data show.The federal agency said Friday 580 new single- and multi-family units were started last month in Winnipeg and 10 neighbouring municipalities.
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