Shindico has launched the sale of multi-family development parcels at the Water Tower District, the company’s major mixed-use redevelopment project in Winnipeg.

Shindico is partnering on the Water Tower with Olexa Developments.

“We think it’s got big demand for apartments of all kinds,” said Sandy Shindleman, president and CEO of Shindico.

The parcels are are shovel-ready and range in size from 1.67 to 2.56 acres.

“Lots can be amalgamated, etc., as well, but those are some of the sizes that we have right now,” said Shindleman. “And, we have interest from people ranging from high-rise to mid-rise [project proponents.]”

Some parcels have been conditionally sold, he added. Meanwhile, another prospective buyer is showing interest in a parcel that is zoned for mixed-use multi-residential development.

“It’s nice to be involved in an infill project that’s brand new and can give the ability for people generations to re-gentrify their homes, to sell their homes and move into quality residential products of whatever tenure, ranging from townhouse, mid-rise to high-rise, with different levels of amenities so people can stay in their neighbourhood,” said Shindleman. “And, there haven’t been that many opportunities to stay in that neighbourhood.”

Shindico and Olexa are teaming up on a 600-unit mult-family rental project of their own.

The Water Tower District is a transformative 165-acre development on the former Canada Packers/Public Markets site in St. Boniface. In addition to featuring a mix of multi-family rental, the project will feature retail, office and industrial spaces, along with extensive green space. Designed as a walkable and transit-oriented community, the future development will also include more than 22 acres of parklands, public reserves, and recreational amenities.

A seniors housing component may also be included.

“We’re talking to an assisted-living operator,” said Shindleman.

Once fully developed, the site will offer Winnipeg Transit service, Peg City Car Co-op vehicles and access to major roadway, including Highway 59.

The district is located within four kilometres of downtown Winnipeg and less than three kilometres from St. Boniface General Hospital.

Shindico and Olexa are also partnering on a grocery-anchored retail development project within the Water Tower. The project is in the design phase, with preleasing to start “very shortly,” said Shindleman.

“We’ll look for the anchor tenant, of course, the grocery store,” said Shindleman. “We won’t build until we have the tenant so it’s right-sized, and then we’ll move to the [quick-service restaurant] pads this year. We expect to do the leasing by the fall and build in 2026.”

Robert Scaletta, a Shindico vice-president, is co-ordinating the entire Water Tower project in conjunction with Olexa.

“I used to work on that site when it was the union stockyards in 1973, so it’s full circle for me to be involved in that,” said Shindleman, who founded his company.

Shindico is celebrating its 50th anniversary this year.

Photo: Future multi-family project at Shindico’s Water Tower District redevelopment project site.

Photo: Courtesy of Shindico

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