Private Pension Partners Inc. (“P3”) is pleased to announce the acquisition of a prime multi-residential development site by Private Pension Partners Real Estate LP. This site has a superior location just off Donald Street, one of Winnipeg’s busiest arteries commuting people to/from the downtown area. The development site is adjacent to the Winnipeg Winter Club, one of the city’s premiere private family recreational clubs and lies within a short walking distance to The Forks Market, the St. Boniface General Hospital, and the vibrant Osborne Village community with its various demand drivers, including restaurants, pubs & bars, coffee shops, shopping, and banking. The property also enjoys direct connectivity to Winnipeg’s rapid transit line with the Harkness Station located directly across the street. The land is currently zoned RMU allowing a maximum density of 200 residential units. P3 believes that this urban in-fill location across the River from downtown will appeal to diverse tenant base from young professionals to students to empty nesters and retirees. P3 is in the final stages of planning for the development of a 13-storey high-rise apartment building, including a significant parking podium.
