Winnipeg Free Press

Winnipeg Free Press (Newspaper) - July 20, 2015, Winnipeg, Manitoba C M Y K PAGE B4 www. RobPreteau. com COLLIERS INTERNATIONAL Rob Preteau, AACI 204.943.1511 ext. 207 rpreteau@ colliers. mb. ca COMMERCIAL APPRAISALS We pride ourselves on delivering the best service in the industry at competitive rates . Single Asset & Portfolio Appraisals . Rent Reviews & Lease Analysis . Insurance Valuations Our Valuation Services Include: Mainland Commerce Real Estate ( 204) 504- 6631 ext 102 or Georges ( 204) 962- 1286 FOR LEASE Unit B- 387 Gaboury . 2,837 sq. ft. industrial building with 16- 17 foot ceilings, grade level overhead door, floor drain, fenced compound, HRV. OFFICE LEASING OPPORTUNITY 386 Broadway . Efficient common area gross up 7.51% . Ample surface an underground parking . Unit sizes starting from 830 sq. ft. . Max. contiguous space - 10,444 sq. ft. . New main lobby and multi- tenant lobbies . Professional on- site Management For information contact: Jim Rose . jrose@ mckeag. ca 204.774.2505 . www. mckeag. ca RETAIL OPPORTUNITY FOR LEASE cityplace Cheryl Roney ( 204) 989- 1800 croney@ triovest. com .. 286 SF to 7,393 SF available .. Located in the Sports, Hospitality & Entertainment District ( SHED) .. 70,000 employees connected via indoor skywalk .. Join Tenants: Boston Pizza, Shark Club, Liquor Mart, Coles Books, Urban Wellness Gym, Food Court & many other medical and professional services. .. Attached heated parkade & adjacent surface parking .. 24/ 7 security & on- site maintenance www. triovest. com Commercial Properties & Investments BUSINESS CITY EDITOR: SHANE MINKIN 204- 697- 7292 I CITY. DESK@ FREEPRESS. MB. CA I WINNIPEGFREEPRESS. COM MONDAY, JULY 20, 2015 B 4 A STRING of new infill developments is helping bring new life to two of St. Boniface's oldest commercial strips: Marion and Goulet. The most recent developments include five infill projects on Marion Street and one on Goulet Street. The Marion Street projects include the redevelopment of a two- storey retail/ office complex on the northeast corner of Marion and Tach� Avenue; the redevelopment of an older apartment block on the southeast corner of the same intersection; a new four- storey condominium complex at the corner of Marion and Traverse Street; a new one- storey, 2,400- square- foot retail strip mall on another corner of the same intersection, and a new A& W Restaurant next to the Marion Hotel. And on Goulet, which is one block north of Marion, there's a new Winnipeg Regional Health Authority community access centre under construction at the southwest corner of Kenny Street. " Marion and Goulet have always been good commercial strips for many years," Normand Gousseau, chief executive officer of Enterprises Riel, said in a recent interview. " But when you think about all of these pieces, there's a lot going on on those two streets." Gousseau and Mark Thiessen, a sales- and- leasing associate with Re/ Max Professionals, said several factors are contributing to the surge in infill development in the area. One is the rising cost of parking in the downtown, which is prompting some businesses to look at areas in close proximity to the downtown, such as St. Boniface and West Broadway, Thiessen said. " I think Marion, and following behind it Goulet, are going to both benefit from being close to the downtown," he said. " What will happen there will be similar to the lift the two blocks of Sherbrook ( Street) recently received from Wolseley ( Avenue) to Broadway." Thiessen said while Marion went through a period where quite a few of its retailers relocated to the suburbs, " Now you're really seeing a rejuvenation of it... You've just got a vibrancy on." Gousseau also noted most commercial strips periodically go through phases where older buildings are either refurbished and given a new lease on life, or demolished to make way for something completely different. And both of those things are happening right now on Marion and Goulet, he added. A good example of the former is the two- storey brick building Enterprises Riel owns on the northeast corner of Marion and Tach�. Gousseau said the building likely dates to the 1940s or ' 50s, " And it's at that stage in its economic life where it needs to be revamped and brought up to date." So this fall and winter, the 13,000- square- foot structure will be getting a facelift. New windows will be installed on the second floor, some bricked- up windows and doorways on the Tach� side will be opened up again, and new canopies will be installed on the Tach� and Marion sides of the building. An elevator will also be installed to provide wheelchair access to the second floor. The cost of the project has not been finalized. Gousseau said the exterior renovations are being done to make the building more attractive. "( The corner of Marion and Tach�) is kind of a point of entry into St. Boniface from the city, and we think it warrants a building that has some curb appeal." The building's two tenants - a second- hand clothing shop ( Signatures) and a medical supplies store ( Open Access Resource Centre) - will remain open during the renovations. And once the work is completed, the corporation hopes to find a new retail tenant for the vacant main- floor unit that used to house a PharmaPlus pharmacy. The plan is to lease the second floor to medical- related tenants - maybe some doctors' offices or some type of medical clinic. Gousseau said with the St. Boniface Hospital campus only a couple of blocks away, there is a growing demand in the area for that kind of commercial space. COMMERCIAL REAL ESTATE MURRAY McNEILL Continued Please see St. Boniface B 5 Breathing new life into St. B WAYNE GLOWACKI / WINNIPEG FREE PRESS Normand Gousseau stands in front of a two- storey building on the corner of Marion Street and Tach� Avenue, one of many structures in St. Boniface being renovated. Neighbourhood thriving as an alternative to downtown B_ 04_ Jul- 20- 15_ FP_ 01. indd B4 7/ 19/ 15 6: 24: 21 PM ;