Articles from Connect CRE

Shindico has acquired 14.34 acres of land in Winnipeg's Water Tower District to develop a new retail project. The mixed-use infill redevelopment will integrate retail, housing, and industrial uses, aiming to create a walkable neighborhood. Construction is scheduled to begin with residential units in 2026, followed by the retail development. The project is a collaboration between Shindico and Olexa Developments, aiming to serve residents and commuters while reflecting the community's cultural heritage.

Deep Sky plans to build a carbon-removal plant in Southwestern Manitoba, aiming to become one of the world's largest facilities of its kind, with a capacity to remove 500,000 tonnes of CO2 annually. The project will be developed in phases, beginning in 2026 with a $200-million investment in its initial phase. Deep Sky has started discussions with local stakeholders and received support from the Dakota Nations of Manitoba. The site location is yet to be finalized, but the region offers ideal conditions for carbon storage and access to renewable energy.

Shindico and Cadillac Fairview have paused their planned $1 billion mixed-use development in Winnipeg's Polo Park area due to shifting economic conditions. The 84-acre transformation, which includes the Polo Park shopping mall and former Canad Inns Stadium site, is being reassessed, with challenges such as high interest rates and a drop in international students affecting the timeline. The project remains a significant opportunity for local businesses, and updates are expected within the year. Provincial policy changes in 2021 have facilitated new housing considerations near the site.