Canada CRE News In Your Inbox.

Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.

Sub Markets

Property Sectors

Topics

Alberta & Prairies  + Multi-residential Housing  | 
True North and the Southern Chiefs Organization have teamed up on two major redevelopment projects in downtown Winnipeg.

True North, Southern Chiefs Sign MOU on Winnipeg Projects

True North and the Southern Chiefs’ Organization have teamed up on two major redevelopment projects in downtown Winnipeg.

The company, through its real estate development arm, and Indigenous group have signed a memorandum of understanding to collaborate on the Portage Place and Wehwehneh Bahgahkinahgohn projects. The proposed redevelopments are slated to include numerous multi-family residential units, including affordable housing, and mixed-use spaces.

True North, whose ownership interests include the Winnipeg Jets of the National Hockey League, is seeking to redevelop the ,mammoth Portage Place shopping centre. The Wehwehneh Bahgahkinahgohn project involves the redevelopment of a former Hudson’s Bay Company department store.

“Our collective vision for both the Wehwehneh Bahgahkinahgohn and Portage Place developments weaves together the many layers we believe are necessary for a successful downtown transformation,” said SCO Grand Chief Jerry Daniels in a news release

Together the projects encompass about two million square feet. During a news conference Tuesday. Jim Ludlow, president of True North’s real estate arm, said the redevelopments have a total projected cost of $850 million.

True North and SCO have pledged to prioritize First Nations inclusion in advanced education and skills training and memberships.

Connect

Inside The Story

True NorthSouthern Chiefs' Organization

About Monte Stewart

Monte Stewart serves as Content Director - Canada for Connect Commercial Real Estate. Based in Vancouver, British Columbia, Monte provides daily news coverage of major Canadian commercial real estate markets, including Vancouver, Toronto, Montreal and Calgary. He has written about the real estate sector for various media outlets and Avison Young since the early 2000s. In addition, he has covered sports, general news and business for several leading wire services and publications, including The Canadian Press, The Associated Press, The Calgary Herald, The Globe and Mail, Research Money, The Daily Oil Bulletin, Natural Gas World and The Toronto Star. Monte is active in his community as a youth basketball coach and raises funds for such charitable causes as Movember.

  • ◦Lease
  • ◦Sale/Acquisition
  • ◦Development
  • ◦Financing
  • ◦Economy
  • ◦Policy/Gov't
  • ◦Recruitment
New call-to-action