Modern Ambition/Mondetta Coming to True North Square

 

Mondetta has been a fashion brand based out of Winnipeg Winnipeg since the 1980s. Their flag-based shirts and jackets have been a staple for years although they a number of different brands that they sell. The 2014 Winter Olympics featured their clothing on the athletes. In 1995, Mondetta World Cafe opened in The Fork partnered with Danali which was founded the same years as Mondetta in 1986, That store and restaurant closed in 1995. Danali continues to be a clothing store at Kenaston and Grant and is opening a consignment store on Corydon in the fall. After Danali will be located in the former October Boutique after the former owner retired after nearly 25 years.

Over the decades Mondetta has managed to stay relevant and get their lines of fashion in various stores in Canada. The head office is in Winnipeg and the core ownership group has remained intact. It therefore seemed appropriate that their new venture would be launched in the city.

The new venture is a 1,200 square foot men's business and casual dressy aimed at Gen Z and Millennials. There are suits in the $200 to $400 range and there are some suits out there in the $5,000 to $6,0000 or higher range. Tip Top, RW&CO and Moores are the most well know places in Canada to find suits as well as rental formal wear. Aldo Formal Wear and Mallabar's are also important because men will always need some places for events like weddings, funerals and grads. For more in the pricier business suits there is Harry Rosen which has been in Winnipeg since 1986. And for local flavour and often bespoke you have Danali, Eph Apparel, Hanford Drewit and Vittorio Rossi. 

Mondetta wants something in the middle and are looking at suits in the $900 range. But they also want to create an atmosphere as seen in their supplied pictures posted here. The location chosen for this venture is True North Square at the corner of Carlton and Graham. Opening will be in the fall and it remains to be seen whether Graham's closure might affect traffic. Businesses along the former bus route have complained that customers have dropped 80 per cent. The city has said for them to be patient for when workers return after the summer break.

The choice of location for Modern Ambition at True North is an interesting one. There are a number of head offices located in the nearby towers. The Canada Life Centre is just steps away. Restaurants and retail are nearby. The Liquor Mart is on the other side of the wall along with the square itself. Mottola Grocery all features prominently.

Aside from the diverted bus traffic on Graham, the long time obstruction of construction (or lack thereof) of Sutton Place Hotel and Suites. It is now headed into 8 years of squat. The owners have said it will be this year that it is complete but that seems wishful thinking. They also said maybe 2026. Perhaps that is possible since the company's other project The Sandman Signature Hotel is complete. That one took about 5+ plus years to get done.

If indeed the hotel and apartments are completed in the next 12 months along with Chop restaurant, then Carlton would be a far more active place with people making their way down it for the hotel, restaurant and Convention Centre generating traffic. As it stands down, it is a permanent construction site. As far as security goes, try and linger in True North Square too long and watch security exit 

Mondetta has generally been ahead of the curve and finding a retail location and a format that they take across Canada. There are a lot of projects all coming on stream in the next 12 to 18 months downtown. Portage Place, The Bay and Sutton Place should be reaching completion all around the same time. Men do need suits and a place they feel comfortable buying them at. Perhaps, with even more people returning to the workplace, the downtown area will be easier and the desire to explore the area greater. And more people in the office might mean more people need suits or dressy casual. At any rate, Mondetta's Modern Ambition will be there to make it possible.

Portage Place Upgrade Gets the Go Ahead

Portage Place was originally built for $80 million in 1987 which is about $160 million in today's terms. It wasn't the only project on North Portage. Investors Group, Air Canada, Relax Hotel (Holiday Inn) and several apartments also went up. Some of those developments continue to exist today and are successful. However, the mall like much of downtown shopping suffered. Polo Park doubled in size around the same year. Eaton Place and Winnipeg Square were built less than ten years earlier. In short, Winnipeg was over-malled and the suburbs won the battle. Well, almost. Unicity failed before Portage Place.

The just under 1000 car parkade was the jewel under Portage Place. Generating millions in profit each year, it kept The Forks afloat from 1994 on. Cadillac Fairview and successor companies never owned the parkade. If they had, things might have been different. However, it is possible they might have just sold it as the downtown Bay sold theirs to make quick cash. The Forks North Portage Partnership on behalf of the three levels of government receives the parkade's profits. And those have all gone to The Forks since 1994.

 It is worth a passing thought to think what $3 or $4 million a year from the lot might have done for north Portage. It is likely though The Forks would have gone bankrupt. Today it is in much healthier shape. And the sale of the parkade to Truth North will result in a possible windfall of cash to The Forks to the tune of $35 million. On the profits generated by the parkade alone and the usefulness to Jets' owners, the deal will certainly generate cash. The millions spent by event parking that didn't go to the arena will now go to the arena.

Some critics are withering about anything going up downtown. Some says they haven't been for years. That is entirely possible for those who don't go to concerts, conventions, theatre, hockey, basketball, work or The Forks. Perhaps they live and work in the suburbs or just out of town. However, the downtown is where all three levels of government are located. The reason they are there is convenience for the services they provide and for the amount of workers needed.

The Chipman and Thomson families who own the Jets have been doing their part to make downtown dynamic. It has been a building block process. First it was to redevelop the old Eaton's site and move the AHL Moose to the building. Then it was to bring the Jets in. A exhibition hall was next and then a redevelopment of the block across the street with a combination of parkade, Alt Hotel, restaurants, condo and offices. Then it was True North Square and several office towers, residential units and hotel. In just over 20 years hundreds of millions has been spent and has transformed the arena district.

Portage Place will easily be the biggest redevelopment downtown since True North arena was built in the early 2000s. It will have multiple partners in all levels of government, True North, Southern Chiefs Organization and Pan Am Clinic. For those who say they will not ever go downtown, they certainly will go if that is where their knee surgery will be. 

For the next 35 years, the Pam Am Clinic will be on east side of the former mall and take over the space that was the food court and movie theatres. It will be 12 storey centre of excellence for surgery. It will occupy 265,000 square feet. By comparison, the present location by the Pam Am Pool is 72,000 square feet. By any measure this a massive expansion to help bring down waiting times for healthcare. The present Diamond Athletics is 10,000 square feet and will be moving as well. Presumably, they will also increase in size.

On the west side of the former mall will be a 13 storey apartment that will be a partnership of Chipman/Thomson and Southern Chiefs Organization. Affordable units will be part of the building. There will be 200 units built with about 40 per cent allotted lower income. The skywalk will remain connected throughout including to the former Bay. The Southern Chiefs Organization has a budget of about $130 million for that building alone which will also include housing.

As for the rest of the mall, it was revealed a grocery store has signed a letter of intent for about 19,000 square feet. Other mall residents such as Prairie Theatre Exchange are expected to stay. However, actual plans and tenants have not yet been revealed. Work is set to begin in 2025 and be complete by 2028.

For the first time 100% of Portage Place, the parkade and additional buildings will be owned locally by one group but in partnership with several other groups. Long tern planning is already part of the core mission of the facility. A health centre that is needed and wanted is key to people coming there every day of the week.

Mixed developments are central to long lasting success. Portage Place was simply too much retail and not enough street presence. It turned its back on the street and in many ways, turned away from ground floor in favour of the skywalks. As seen in the above picture, the new Pam Clinic will have a street presence. There has to be handicapped access and pick up/drop off spots out front. You simply can't have a surgical center with no road access. For this reason Edmonton will go through where the escalators and clock are now to connect Portage and Ellice.

There appears to be a few park-like areas in front of the new Pan Am entrance and around the new mall entrance. Without a doubt there will be high security to keep the area from becoming like the pocket park of Air Canada in terms of an encampment and more like what True North Square is. That is to say the park will be there for citizens to use but not to take up residence in. There will be simply be too many people going in and out of what is essentially a hospital.

There are around 80 encampments around the city now. It is important that more is done to find people housing, treatment and not have more areas become permanent outdoor settlements. Certainly it would appear the goal of True North and Southern Chiefs Organization is to build affordable housing. Many people this winter could suffer if it is colder and snowier than past years. Living on the street or the river is dangerous.

There are a lot of moving parts to Portage Place but working with The Bay conversion by Southern Chiefs, it is a near $1 billion amount of work. The inclusion of health and housing ensures vitality seven days a week. This was always a flaw of the old mall. Evenings and weekends were not strong. There was just not enough people living in the area.

In recent years around the Art Gallery, there has been a number of apartments built, same for Truth North Square and along Portage Avenue. In the past week, there have been several apartment projects in the downtown approved to begin immediately. There are more coming next year and possibly in years after even with a federal change of government.

The truth is that there can't be any ten years or more breaks where literally nothing is getting built. And that is what has been happening in Winnipeg and longer at times. The hoarding of land for parking spaces have left large areas under utilized. Downtown has football fields of space, some of which has not seen a return of traffic since the end of the pandemic. Shopping malls are coming to the conclusion that too much of their lots are not being used regularly. Space is being converted to other uses including apartments.

The initial Portage Place mall attracted tens of millions of other investment. It is likely the new initiative will do the same. Still, it will take three years to see much of this come to pass. By then, perhaps, True North's Sutton Place Hotel and Suites will be complete as the need for additional hotels downtown has grown. It often takes a very long time to get shovels in the ground.

Still, this new project is a step in the right direction and a great improvement on past proposals. No one development alone with save the downtown but, like The Forks, step by step action will make that area a vital component if rejuvenation.

The Forks Comeback 2023

Early in the new year, The Forks turned around their numbers for people coming the site to pre-pandemic levels. Measured by trackers at entrances and seen in actual numbers at events, January 2023 looked more like January 2019. Space to gather has been a hallmark of The Forks and key events, unique merchants, special food experiences and tourist attractions makes it different from other areas. Crime scares and protests groups have had an impact but renewed security may be helping. Random attacks cannot be dismissed as overreacting. If people are afraid they will stop going to a place. In fact, they will flee. And the recent occurrence of protest groups using The Forks for gatherings can and has resulted in problems. One of the reasons in the past we have not seen this is that the park area has been that it is intensely busy with festivals, concerts and recreation. Hard to have a protest when so many people are there already for other reasons. Usually celebrating.

The Forks has to walk a fine balance. Their next stage of development announced some time this year will probably be some sort of apartments across from the Human Rights Museum. The risk is that new residents take a dislike to some of the long term activities that have existed for decades such as concerts and festivals. Or perhaps new residents ask that the more than the century railway line be moved once apartments are up. It is not beyond the pale. It may be that new residents ask that the skate board park be removed. Certain we know that fireworks will no longer be part of Forks celebrations. Perhaps they will get an order for them to be stopped at Goldeyes Park as well.

Things evolve to be sure. Assiniboine Park no longer has fireworks and the same applies to The Forks. Tens of thousands used to go to both and stay for the fireworks. Arguments can be made about how it scares animals and annoys a great number of people but, in the case of Assiniboine Park, it means they shut down for the night quite early for activities. In recent years there have been calls to end concerts outdoors as well even if they earlier in the day. If The Forks goes down the same route, it is likely most outdoor activities might be limited due to residential complaints, especially at night.

The parkade at Portage Place continues to be cash injection every year at The Forks, They have at least moved to charge for parking that they do have including their own parkade which for the longest time was free. They have also started renewing leases at more market set rates. Local innovation in food, retail and recreation has differentiated it from a regular mall. Returning revenue into improving the area marks it differently as well since the money isn't sent to investors in Toronto.

The recent offer from True North to buy the land lease and parkade along with the mall at Portage Place looks to net The Forks $34.5 million. They have publicly stated that they would put it in savings and use the interest to fund things. Do the government parties have a say on this windfall? That is a lot of unassigned money.

Sustainability is important because after the last sections are developed, it is unrealistic to think that cash injections from three levels of government will come. There are indications that revenue to support the site and the programming therein is a priority.  That comes from charging for parking they have on site, lease money as landlord of the area and site rentals for festivals. Mandate creep could see The Forks tasked to develop other land but we have see what happen from the North Portage experience. The Forks diverts the money to themselves. In a lot of ways, North Portage would have better staying as a separate entity as revenue would have stayed in the area. The Forks, on the other hand, would have gone bankrupt in 1994.

Winnipeg downtown is not the only place trying to pivot during the pandemic for downtown areas. Toronto has found it very painful and the closure of Nordstrom's in Eaton Centre and many other retailer has hit hard. And like a lot of North America, people are slow to return to the office. Nevertheless it is growing and plans are for 100 new condo towers a year for the next ten years. But will people be working in offices or from home? And what will become of downtown office towers and attractions? Or old neighbourhoods? Below is Toronto in 1989.

In the 1980s through 1990s Toronto was like Winnipeg in that it had football fields of parking space and industrial land/rail yards open. Above from Toronto Archives in 1989 is what Toronto looked like. The area in red was the railyards. In 2023, the entire area is filled with offices, condos/apartments and the like. However, the 1990s were marked by a real estate collapse was pretty widespread across Canada including Toronto and Winnipeg. It really is the last years that Toronto residential towers have exploded so that they literally dwarf the five big banks downtown.

Both Toronto and Winnipeg developed their rail yards and in the case of Toronto, their port. It can be argued which did better. I think Winnipeg did better at creating public space and a sense of centrality to the city that Portage and Main lost or never had, Toronto certainly created big sport and convention centre facilities but in all that rail land, where is the great public space? It is all condos now.

Sometimes being about 20 years behind has helped Winnipeg avoid mistakes other urban areas have committed before us. For example, Calgary demolished its warehouse district. Toronto in a rush to fill waterfront area with condos had insiders grab units and the buildings created a wall of glass and concrete from the shore. At The Forks, development has been slow and thoughtful and each piece has been well considered. Once again, it was money from Portage Place that made it possible not too just fill it with condos.

Developers would love to build in The Forks. There are really only two spaces left but is unlikely a large tower or two that will be built because of the scale. Public and political pressures will limit the height and frown on restricted public access. It will more clear what comes soon enough. Presently, the parking lots are revenue generators so The Forks are not in a rush to see them closed for development that could take two to three years. The question of having public parkades below the new development and/or public transit/active transportation is still being discussed. 

The above picture sourced from The Forks. The Human Rights Museum is a national museum next to a national park. The expectation is that the area will always have school buses, public transit and active transportation to it. Accessible parking, loading zones, tourist parking need to be accounted for. When Railside and Parcel 4 are removed, will they have a public component for a tourist/visitor to park, walk through, get a meal and access The Forks attractions be part of the equation?

Picture from Forks documents. The rail line makes for a walled area for the The Forks and Goldeyes Park. The shaded red area is where announcements will be made in due course of what will go up on the surface parking lots. There is certainly enough parking just outside the rail wall. However, it is beyond the mandate of The Forks so matters of security, accessibility and availability end at Main Street. Why this matters is that should be of high concern to The Forks of how people come to The Forks. Do they avoid it because it is too far away, too unsafe, hard for for those with mobility issues? Is it too expensive? No place to bring a tour bus in? A school bus. No place to have buses waiting? The very long term success of The Forks turns on these questions.

Ironically, the other charge in the North Portage Forks mandate, Portage Place might have a more solid future once it is sold and have more opportunities for future public and private investment. The above picture from Forks documents shows the huge area it covers. And yet other parts of downtown are in need of some sort of planning to help with sustainability.  It is a little bit like whack-a-mole. One area of downtown gets attention only for another are to collapse. Recent example, the closure of the The Bay.

The 2023 comeback for The Forks will have to focus on safety with the large numbers of people that come through. This is not just limited to crime but in terms of crowd control, traffic control, water safety and events that are celebrations of community. It would be a shame if the Forks has to shut out mid-evening for events because of noise concerns. As mentioned, fireworks will just continue somewhere else...like Assiniboia Downs. They just won't be accessible to those without a car.

Sometimes your success causes you to cancel things because of neighbourhood rejection. Things like Days of Wine on Roses were cancelled on Corydon and New Year's celebrations in Osborne Village because business and residents reject them. And so the concern at The Forks is that someone says: no more parades. And maybe that happens as people push to make the area less friendly to those outside their region.

There seems some certainty that in 2023/2024/2025, The Forks will have tens of millions from Portage Place sale. And even without much of a coordinated development plan for downtown, there are a number of projects that will all likely be coming on stream at the same time. Expanded hotels, apartment buildings and office towers are going up within blocks of The Forks. This contributes to more people living and working close to the largest green space by the Red River. Moreover, more traffic on riverwalks/sidewalks, skating paths and biking lanes are a reflection of how close some people are to the area. It doesn't make sense if you live in an apartment in St. Boniface a baseball throw away from a festival in The Forks to drive your car less than several minutes away.

If safety and public access to The Forks remain a priority, it can succeed in attracting people and unique stores, restaurants and festivals. The success of the area going forward should trigger further exciting development in nearby opening spaces. Surface parking lots are a poor use of downtown space. This is why True North chose to develop the former Eaton's parking lot into buildings and a square to enhance the value of their entertainment district. There are 200 parking spaces underground which is about the amount that the same amount occupied by the surface lot.

Winnipeg remains a car city but certain neighbourhoods like Osborne, St. Boniface, parts of Henderson and others make it possible to actually walk to a grocer, bank or pharmacy. That is to say, they are closer and easier to step out of your door and walk to than to get in your car and drive. Even in Brightwater, there are plenty of people who are in walking distance of the grocery store and other amenities.

The Forks is many things but it isn't that neighbourhood described above. If people live across from the Human Rights Museum, The Forks Market nearby is not a full grocery, nor pharmacy or local bank. More of the empty spaces near The Forks will have to be filled with such things or residents will have to head out of the area to patronize them. It isn't likely that a large national grocer will be built on the site but numbers of residents spreading out along Waterfront and two apartments built on Main in the last year means means a place like Winnipeg Square might service nearby residents longer hours and offer more grocery items at their Shoppers Drug Mart.

The real test this year for The Forks will be how they handle summer starting in June. There will be many assessing the safety of large festivals, how Canada Day will be celebrated and if protests and rallies become increasingly part of the public space as a substitute for the Legislature. And most importantly, will attractions becomes less public or require a charge, Will their hours be reduced? Will attractions be pushed out? All eyes will be watching on this. The comeback will only become permanent if the vast majority of people believe we all have ownership in the area.

True North Puts Bid in for Portage Place

Well, here we are again. Portage Place has received an offer locally this time from Jets ownership and the True North partnership.  The price had dropped like a stone. Starlight had offered just under $70 million that included the mall, parkade and skywalks. The mall owned by B.C. developer Spruceland Mall Limited Partnership (formerly Peterson Group and Peter Young) was valued around $22.5 million. The parkade and land lease which is owned by Forks North Portage Partnership around $47 million.

True North has bid $34.5 million for parkade and land lease. A separate deal has to be struck for the mall. It appears a number of groups have already signed off on the deal including The Forks, the province and the feds. A number of social agencies have said the deal should be rejected and the negotiations with First Nations and Metis should be begin. However, in two years no one (and that means no one) has actually stepped forward with any type of proposal till now. There have been wish lists but no actual plan.

The True North Real Estate Development is the lead on the proposal and consultations are allotted a 12 month window. Jim Ludlow, president of the company, has talked about deconstructing the mall, opening it up  and have housing as a component.  He says it won't be a mall anymore. Beyond that, I suppose it is anyone's guess what it will all turn out as. The one thing they have managed thus far is offering money and a timetable. The Forks North Portage agency has said there has be a re-evaluation of the monetary value of the site but they haven't released anything.

Social agencies have said the space should be open 24 hours and have laundry, showers and community space. Others have said affordable housing. A group of interested parties listed a number of things they wanted but no budget was given. It is likely they believed the three levels of government were going to hand over $400 million that Starlight wanted. However, if some of the governments balked at supporting that, they're not likely to going to hand two blocks to someone else with no plan in place or organization behind it.

Governments are more likely to back things like the Mclaren's Hotel's $12 million housing project to covert all the hotel's rooms in to 150 tiny homes with more modern amenities and and supports for under $550. Now that is a real project, with real management with real costs and timetable. It saves an old building and puts home pride behind it.

The Bay has a redevelopment plan coming and affordable housing is being supported there. And that truly is indigenous-led. The Metis have their Portage and Main development, a hotel planned and just finished social housing on Main Street. Treaty 1 has major work on the Kayong site. Is there an indigenous group ready to take over Portage Place with so much on the go already? If there are interested parties, maybe we will hear a counteroffer. However, nothing yet.

Criticism of True North simply to dismiss them does not solve the issue of Portage Place. Not at all. It remains for sale. Put up a workable plan. That is the benchmark for anyone and everyone out there. Don't ask for $400 million and not have any idea what you would do with it. Don't think you won't pay the mall owner and the parkade owner and get Portage Place for a $1. Unlike The Bay, the building is not nearly as distressed as the department store was. There is value there and saying it is worthless is dishonest.

A few critics blamed the Jets for gentrifying the area making the downtown too expensive. Some are still upset the Eaton's building was torn down. Some blame capitalism, colonialism and and a host of other things. This all might be true. But it doesn't offer solutions. Making up a shopping list of fixes if the goals are not achievable or sustainable is an exercise in frustration. Asking for housing where there are units with washers/dryers, dishwashers, two bedrooms+, pet friendly with utilities included for $600 a month may not support the maintenance of the building in the future. Just ask Lion's Place. A real plan is needed.

Truth is we need tens of thousands of units built every year for years to come. The best strategy might be to support renters and buyers directly rather than getting into building government structures. We have already seen the University of Winnipeg develop several buildings with market rate and below market rate rents. It has formed a cluster of apartments all around the art gallery and more are coming.

Speed is of the essence. It can take years upon years to get something approved. And people can be very contrarian. Many say they support more housing but not near them. This was from a 2023 poll in Toronto and is reflective of the whole country. Almost every housing project seems to draw a long zoning debate even if it is adding space to your own home. In recent months, density has been considered a threat. Thirty years ago most older neighbourhoods had more people living in them now and were considered good places to live.

Portage Place mall has been in place for 36 years and has had pads atop east and west and no apartments ever built. They money siphoned off to The Forks since 1994 could have made a difference. But then maybe we would be talking about how The Forks went under. Our large downtown has meant focus on developments is ever shifting. A crisis happens in a new place every decade. The development on north Portage had quite a lot of housing built but those final two spaces remained empty. And cash spent on the parking never went to anything else on north Portage. It is easy to see why disdain for the area grew as nothing was ever re-invested.

From the perspective of True North Real Estate, Portage Place represents a distressed asset across from all of of their developments. The most important part of the mall is the 1000 car parkade. Without it, no deal can be made. The parkade is the jewel in the crown. It makes money. It has always made money. It just doesn't have money go to mall owners. That changes if all of Portage Place is owned by one entity instead of several. I have lots of questions about the $34.5 million of the parkade and land rights sale going to The Forks but will save for another post.

The mall itself has little value but it will have to be paid something to the tune of under $20 million. Portage Place has been for sale for years but it does have some fine tenants like Prairie Theatre Exchange and Manitoba Chamber Orchestra, dental offices, phone companies, university offices and Expo Live. But there are too many retail vacancies and the food court is considered is struggling as well.

Some people have said they think True North is nuts to buy Portage Place but the money spent can be made back on the parkade alone. Taken from hints from what Jim Ludlow has said, it is very likely the mall will be broken up with Edmonton Street once again passing through to the other side. It won't be a motorway in the traditional sense. Likely, it will be one lane only with wide sidewalks connecting to the Promenade on the other side. A second floor enclosed skywalk will fulfill the government's request to maintain connectivity all the way to The Bay. However, it also is an important link for the True North's arena to have direct connection to the 1000 indoor parking spaces of Portage Place.

The interesting part will be the west portion of Portage Place. It is the widest section, also has a pad for a tower on it and has the walkway that goes all the way to The Bay which should have a plan announced soon. Is that west section big enough for a future arena? Now I know you are saying...hold on, we have an arena. Yes, we do but we also have two hockey teams. And Winnipeg Ice are looking for a new home. Do we also get a lacrosse team? A basketball team? A women's hockey team? Could we be looking at two arenas? Don't rule it out. 

The entire length of Portage Avenue is important to the vitality of downtown. The entire reason for Portage Place's development was that while south Portage Avenue was vital with stores, north Portage was seeing more vacancies and in some cases, one building burned down and wasn't replaced. There were some bright spots to be sure such as Kennedy Street and some specialty shops but no new investments and a few hotels that were particularly rough.

By 1980, Manitoba was in a deep recession. Huge businesses had shut down. The first of tens of thousands of people were leaving the province, moving headquarters, closing factories and production. It was awful. In 1981, the Core Area Initiative was formed as a three levels of government program to cover a huge amount the inner city with a budget of $196 million over ten years. That is $600 million in today's dollars. Led by Lloyd Axworthy from the federal side, this was the creative force behind housing renewal all over the inner city, The Forks, Portage Place, social programming and private investments from Air Canada, Investor's Group, Cadillac Fairview, small businesses everywhere, The program ended in 1991 and by 1994, The Forks was almost bankrupt. 

A new Winnipeg Development Agreement was made from 1996 to 2001 but it was city-wide and did not carry on with nearly as much money. At $75 million, it went fast and when support ended, some projects began to whither just like The Forks did in 1994 without money from some other revenue sources. From 2001 on most city councillors have been focused on massive infrastructure further and further away from centre of the city. 

Places like Portage Place and North Portage have been stuck. The mall owner doesn't want to invest too much because they can't make the margins that other malls make. And since they didn't own the land, there was far fewer reason to change the building to another function. True North has worked on several building projects both north and south of Portage Avenue. They have been working on indigenous partnerships as a business longer than many companies. They have also been able to leverage money from governments for projects and other private businesses have joined in on the efforts.

The last time North Portage was shown some love tens of millions was spent by other businesses and organization. The criticism of the mall ignores the hundreds of housing units built. It ignores the hotel built, Investors Group moving its headquarters there, the Free Press building being restored to government offices, IBM building offices, Winnipeg's first IMAX, Prairie Theatre Exchange and Air Canada offices. 

It is unlikely that True North will abandon if they take the reins. And they certainly won't transfer future revenue to The Forks like what has been happening since 1994. It will be interesting to see what happens from here but these are no carpetbaggers like the last bunch who came to town to fleece the taxpayers. The Chipmans and True North have added considerably to the employment, tax base and downtown since 2011.

True North Square

The True North Square continues to develop. The TDS law firm is already in place with three floors occupied and MNP accounting and Scotiabank are ready to go. Ceridian has announced they are moving their 200 payroll people into 242 Hargrave as well. This would constitute over 50 per cent leased and more coming.

The office building that lost the most at 360 Main Street (formerly Trizec but now sporting a TD Bank logo) has picked up Wellington Altus financial services, BDO accounting and IGM part of Investors Group. Taylor McCaffrey is moving to 201 Portage (former TD/Canwest building).

It means gaps in other buildings but the growth in e-commerce is filling space here and there and landlords are upgrading buildings to fit the needs of tenants looking to re-locate or expand.  The second office tower of of the True North development appears to be going through finishing touches inside.

Meanwhile, the True North Square has hosted one event for the Winnipeg Jets. First impressions are that it probably will serve for some street party and other events but will be reserved for sponsors and special events. The street parties simply have too many people and Donald Street is likely to remain most suited.

The overpasses and second floor area seem ideally in support of moving people around and supporting local tenants. While the towers do have underground parking, those coming for BellMTS events will be approaching from every direction. Everyone should keep in mind that the ground being built on has been a parking lot for decades.

The final component to the four towers built is the Sutton Place Hotel and condo complex. They will complete the True North development. The hotel itself will probably leapfrog to become the most top rated hotel in downtown Winnipeg and possibly home to visiting NHL teams when they play in the city. It will also be another support for the expanded RBC Winnipeg Convention Centre.

Once all the work is completed in next 18 months or so, it is likely we'll see a lull as Winnipeg's business community settles into their new places with some exceptions. The stalled and probably dead Skycity development sits on some choice land. The site across from the Canadian Human Rights Museum will probably also have an announcement soon.

Could this be the year the Winnipeg Jets celebrate their biggest victory on the streets and square surrounding bring tens of thousands of fans downtown? Here's hoping.