Winnipeg Free Press

Winnipeg Free Press (Newspaper) - August 25, 2008, Winnipeg, Manitoba C m y k Page b4 commercial lots for Sale Ile Des Chenes Georges Bohemier 480 0141 century21carrie. Com  Oak Side Park  located on path # 59  very High traffic exposure  14 serviced 2 acre lots  10 minutes from the perimeter  booming Community with new housing developments  starting at $ 105,900 Good location great investment for More info phone 224 4345 or 799 0504 West St. Paul 40 or 80 acre potential 1.3 acre or 100 x150 residential lot. Mcphillips near Garden City and Middle Church. Owner will joint venture. Commercial properties & investments Rupertus Landing Pine Falls my Georges Bohemier 480 0141 century21carrie. Com  enclosed mall located Northeast of Winnipeg  14,000 so. It. Plus lower level  Good parking  High profile location now pre leasing prime retail office location 1000 St. Anness Road join Oasis Leisure Centre at this High exposure location at the Corner of St. Anness re. & Warde ave. 1,200 to 12,000 so. It units with a pad site possible. For details Contact David Bergman 229 5136 Davi Bergman relax. Net 1924 main Street Winnipeg my Well maintained 17,000 so. It. Retail office property built in the 80 s. Perfect Opportunity to set up your business and have tenants bringing in rent. Up to 11,000 so. It. Available to occupy. 1,200 to 2,700 so. It office space available immediately. For details Contact David Bergman 229 5136 Davi Bergman relax. Net for Sale lease Industrial land for Sale prime location in North East Winnipeg located on Lucas Street & Oak Point Hwy. With Access and exposure to route 90. 1.5 to 13.7 acre lots available. Paved Road. Completely levelled with crushed Rock. For details Contact David Bergman 229 5136 Davi Bergman relax. Net business editor Steve Pona 697 7264 business free press. My. Ca i Winnipeg repress. Com monday August 25, 2008 b 4 a p tax 13,447.29 91.93 Dow 11,628.06 197.85 Nash a 2,414.71 34.33 Gold 827.40 5.60 Oil 114.38 3.25 Dollar 95.37 .42. T he new owners of Winnipeg Gas largest underground shopping mall the shops of Winnipeg Square Are putting their stamp on the property with a $ 3 million Facelift for the mall and the lobby area of the adjoining commodity Exchange Tower. Toronto based Crown realty partners acquired the mall and 32 Storey office Tower last september from Oxford properties group and be capital Canada inc., and its wasted no time in investing on upgrades. It got the Ball rolling by installing new High efficiency lighting in the mall and office Tower As Well As in two other office buildings it acquired in 2006 at 333 main St. And 191 Pioneer ave. That project the Cost of which has not been disclosed began last fall and was completed this past summer. Then in june work got underway on the $ 3 million Facelift for the malls concourse and the office towers Mai floor lobby area. That project which includes installing new Light coloured flooring and replacing some wooden and Brick Walls and fixtures with Glass Walls and stainless steel fixtures should be Complete by mid november. When Crown buys a property we like to make an immediate Impact Frank Sherlock Manitoba vice president of the partnerships property management Arm Crown property management inc. Said in an interview. Sherlock noted Winnipeg Square and the Tower which will be renamed 360 main Street were both 28 years old when Crown acquired them. They ave held up very Well but it was time for a change he said. You have to maintain the buildings and you have to keep up with the times especially in retail. We also have a very Strong tenant base and we want to maintain that base. Winnipeg Square May not be the Only local underground shopping mall thatus getting a Facelift. Industry sources say one is also in the works for the nearby Lombard concourse located beneath the Richardson building and the Fairmont hotel. However tenants and a spokesman for the firm that manages the concourse Lombard place Ltd. Refused to discuss the plans when contacted on Friday saying nothing has been settled. The upgrades to Winnipeg Square and the commodity Exchange Tower will serve a dual purpose. Not Only will they give the concourse and lobby area a brighter More modern look but also enable Crown to achieve additional Energy savings within the sprawling Complex which covers a one Square Block area on the Southwest Corner of Portage and main. Sherlock said the new lighting system will reduce the complexes electrical consumption. And the lighter coloured floors Walls and fixtures will make the Interior brighter and allow Crown to Cut Down on the number of lights it keeps on during the Day. He said thatus important because the Complex was recently certified As a Green building under the building owners and managers association Boma of Canadas go Green program. In keeping with that new Green approach to building management All 186 tons of Concrete and floor tiles that have been removed from the buildings will be recycled As Road building material rather than dumped at a Landfill. And 99 per cent of the cardboard packaging the new floor tiles arrived in the equivalent of roughly 2,100 boxes or 240 kilograms of cardboard also will be recycled. To create As Little disruption As possible for the buildings tenants and their customers Sherlock said All of the renovations Are being done at night when the shopping Centre and office building Are closed. He noted that 10,000 people pass through Winnipeg Square each week so it would be very disruptive if we were doing the work during the Day. He said the mall which has 49 shops and the Tower which includes 30 floors of office space and two floors that Are used for storage and to House the buildings mechanical equipment both boast a 95 per cent occupancy rate. We have a couple of vacancies right now in the mall but for the last 10 years weave always been Over 95 per cent leased he said. While Toronto based Crown realty owns just the four buildings in Winnipeg its keen to add More office or office Industrial properties to its portfolio. Crown views Winnipeg As a Good Market. Its stable with Good Quality tenants Sherlock said. We would like to acquire More properties. But nothing is pending at the moment. Murray. Mcneill free press. My. Ca before and after Here Are some facts and figures about the shops of Winnipeg Square and the commodity Exchange Tower location Southwest Corner of Portage Avenue and main Street opening Date 1979 original owner Triec corp. Ltd. Current owners Crown realty partners Artis real estate investment Trust and a publicly traded european company when they acquired it september 2007 property manager Crown property management size of buildings the underground mall is 60,000 Square feet in size and the 32 Storey office Tower is 540,000 Square feet number of shops in mall 49 occupancy rate about 95 per cent for both buildings. Cost of Facelift $ 3 million Start of renovation work june of this year projected finish mid november source Crown property management commercial real estate Winnipeg Square gets an update new owners give 28 year old mall a $ 3 m Facelift by Murray Mcneill pictured above is an artists rendition of what the lobby of the present commodity Exchange Tower will look like after renovations. The old decor pictured below includes signage and logo that will be replaced now that the Tower is being renamed 360 main Street. The commodity Exchange Tower and adjoining shops of Winnipeg Square the Cit yes largest underground mall were built by Triec and completed in 1979. Handout photos Wayne Glowacki Winnipeg free press Frank Sherlock of Crown property management at the shops of Winnipeg Square. A 04_ aug 25 08. Ind b4 8 / 24/ 08 7 19 58 pm ;