Quote:
Originally Posted by Biff
I'm not sure if anything significant has changed here and I would argue it is actually worse now because of the interest rates. Having said that, I hear that there could be some movement in the Headingley location (I know a little more but can't say).
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I am not restricted in what I can say as I don't work on the project. What I do know is the original plan was for the Costco to go on the "east" part of the west Winnipeg parcel and it is 100% inside Winnipeg and not Headingley despite public perception there. The site was originally to be home to Target and Lowes but well that didn't exactly work out. Preparation work was done on the site including putting in the water and sewer lines. My understanding is the developer paid for that. With the infrastructure seeming in place the plan went to the city for a seemingly minor variance (building too close to the road). All seemed to be good but then it was discovered that the previous work on the sewer lines were not sufficient for the planned build and needed a significant additional spend. The developer said they were not putting in more money and Costco said they weren't either. Development stopped.
Then sometime later a new site plan hits the civic government adding the west parcel to the development and seeming Costco has moved their location. More prep work happens on the site. Now rumors are circulating that development might be back on again.
Since all that happened the site has started construction of what appear to be two residential buildings, likely rental apartments on the west parcel and a similar construction of a single building on the east parcel near the IcePlex, formerly shown on site plans as a future hotel.
Also as a point of reference there is an existing road within the site that runs parallel to Portage Ave. Those completed buildings are actually outside the parcel of land in question for Costco with the development site being between those buildings and Portage Ave.