Winnipeg Free Press

Winnipeg Free Press (Newspaper) - April 15, 2005, Winnipeg, Manitoba Nygard continued from Page a 1 those were just ideas Thorsteinson said. This is possible now because of the substantial investment that Peter Nygard is making in their property. Now Well be working together. Thorsteinson said that along with Nygard and a couple of other smaller property owners the group owns All the property East of Lily to waterfront Between the South Side of James to the South Side of Market. Thorsteinson said when completed the entire project will represent a $ 70 million to $ 80 million investment by the development group. This bigger project began with a $ 10 million plan by Nygard two years ago to convert the former athletes Wear site on Market and an adjoining building on James into a Mega retail outlet that would include a fashion museum and some loft residential units. Since then however Nygard has been Busy buying up five additional properties on the same Block. The last piece was the Kern Hill furniture Coop warehouse at James and Bertha Street. Meanwhile Thorsteinson had been working with two other area property owners in a bid to get City Halls approval for a major condominium retail office development along waterfront. But when the Thorsteinson group was unsuccessful they hooked up with Nygard. Nygard said hers been quietly promoting residential development in the area during the last two years and believes there is a Strong demand. He said most of the buildings he and Thorsteinson control Are four and five Storey structures. He said he sees a combination of retail and office space for the first and second floors and residential units for the remaining Levels. The attractiveness of the area he said including the heritage buildings the River and Park system make a comprehensive development a natural progression. We want to make a place where people can work live shop and play Nygard said. Thorsteinson said although three other major condominium projects Are under development nearby along waterfront those have yet to receive any planning approvals while he and Nygard Are ready to proceed. Its a question of when those others ahead Thorsteinson said. Those others Are still in the development process. They dont have approvals. Nygard said one of the liabilities of the East Exchange is a Lack of parking but that will be corrected. Thorsteinson said hers completing plans for the construction of a 300 to 400 stall parking Structure that will serve tenants of the new Nygard Village. Nygard said the retail outlet on Market wont be completely finished when it opens at the end of next week. However he said it will be completed by the end of the summer. Nygard said hell be releasing More details on the Nygard Village proposal in four to six weeks. Thorsteinson is owner and president of shelter Canadian properties ltd., one of the country s largest apartment building management firms with 9,000 units in 40 buildings in most of which the firm also has an ownership stake. Shelter is also owner or partner in three hotels and two More that Are under construction. Thorsteinson also Heads up two real estate investment trusts. Aldo. Santin free press. My. Ca deaths Balcaen Gerald Wilson 63. Bal Garnis g., 72. Blannin Grazia 80, widow of carmelo. Boy Rraymond. Chadwi Kbarbara 74. Cumming Sarah Jane. Dorr Eclifford James husband of Helen. Gal Cyrella e., 98, of Niagara Falls ont., widow of William. Gosselin Luc 15. Graba Sophie 92. Haas Doris. Kalyniuk Danylko Jessie. Lemoin Jeannette. Painter Harold Ernest 75. Pawlu John 80, of Lockport. Peter Heinz husband of Marianne Nee Hull Meine. Ruth Janet. Starod Bwalter Michael 82, of East Selkirk husband of Adeline. Thompso Ruby May widow of Stan. Tipa Eufronio. Classified death notices b9. 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Ca  photo reprints to order reprints 697 7063  to subscribe Call 697 7001 outside Winnipeg 1 800 542 8900 president up Canadian newspapers limited partnership Rudy Redekop 697 7362  directors publisher Murdoch Davis 697 7362 director of sales and marketing Laurie Finley 697 7164 director of finance Dan Koshowski 697 7425 director of operations and technology Glenn Williams 697 7045 digest a2 w Winnipeg f ree p Reissf Vidaya pril 15, 2005 recycled newsprint is used in the production of this newspaper. Please Recycle. Canada Post sales agreement no. 0563595 we want to make a place where people can work live shop and play Peter Nygard reaching More than 325,000 readers daily 450,000 weekly Gimli fish fresh mussels 2 lbs. $ 6 596 Dufferin ave. 589 3474 625 Pembina Hwy. 477 6831 now open sunday 12 6 lobster tails 8 for $ 20 Tiger shrimp 100 for $ 10 837 4000 or 1 800 267 5843 wow. Orionchek holds. Com 2005 Mali bus starting at $ 249 / to. 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Free Sunroof Manitoba schizophrenia society offers free Public presentations on schizophrenia and psychosis in Winnipeg Call 786 1616 artists rendering the $ 80 million Nygard Village project will eventually fill area Between Market Avenue and James Avenue from Lily Street to waterfront drive. Manitoba theatre Centre Centennial concert Hall James Avenue Lily Street waterfront drive Market Avenue Nygard Village atrium main Street ;