OLEXA WINNIPEG’S ST. BONIFACE NEIGHBOURHOOD POISED FOR A GENERATIONAL MAKEOVER
On the eastern side of Winnipeg’s St. Boniface neighbourhood is a 165-acre plot of land formerly home to the Canada Packers meat packing plant, demolished in 2001. Just four kilometres from downtown Winnipeg, the site represents one of the city’s most significant redevelopment opportunities.
“Over the next few years, this amazing historic location in St. Boniface will take shape as the Water Tower District – a vibrant, inner-city community featuring a multi-scape of future residences, local businesses, and acres of green space,” says Olexa Developments Ltd., a Calgary-based developer that acquired the site in 2016. “Guided by the spirit of community and belonging, we’re planning a true mixed-use development where people and businesses thrive.”
The Water Tower District will include at least 25 acres of residential space, 21 acres of retail and office space, 70 acres of light industrial space and 22 acres of parkland. Last month, Olexa announced a partnership with Shindico Realty Inc. of Winnipeg that will see Shindico acquire 14.34 acres to design, construct and lease the retail component in partnership with Olexa. Financial terms of the deal were not disclosed.On the eastern side of Winnipeg’s St. Boniface neighbourhood is a 165-acre plot of land formerly home to the Canada Packers meat packing plant demolished in 2001. Just four kilometres from downtown Winnipeg, the site represents one of the city’s most significant redevelopment opportunities.
“Over the next few years, this amazing historic location in St. Boniface will take shape as the Water Tower District – a vibrant, inner-city community featuring a multi-scape of future residences, local businesses, and acres of green space,” says Olexa Developments Ltd., a Calgary-based developer that acquired the site in 2016. “Guided by the spirit of community and belonging, we’re planning a true mixed-use development where people and businesses thrive.”
The Water Tower District will include at least 25 acres of residential space, 21 acres of retail and office space, 70 acres of light industrial space and 22 acres of parkland. Last month, Olexa announced a partnership with Shindico Realty Inc. of Winnipeg that will see Shindico acquire 14.34 acres to design, construct and lease the retail component in partnership with Olexa. Financial terms of the deal were not disclosed.