Winnipeg Free Press - PRINT EDITION

Condo complex gets biz tenant

Regional office fills unit for Premiere

  • Print
Sandy Sager, co-owner of the Premiere Executive Suites franchise, in one of the firm's 'home away from home' executive condo units.

PHIL HOSSACK / WINNIPEG FREE PRESS Enlarge Image

Sandy Sager, co-owner of the Premiere Executive Suites franchise, in one of the firm's 'home away from home' executive condo units. Photo Store

Waterfront Drive has a new commercial tenant.

Premiere Executive Suites has leased one of the last two vacant commercial units in the Excelsior condominium complex for its new regional office.

Premiere's local franchise, which is co-owned by Winnipeg entrepreneur Sandy Sager, leases luxury condominiums from condo owners in Winnipeg, Regina and Saskatoon, and then rents them out by the month to extended-stay guests.

Sager said the franchise needed a new regional office because it had outgrown the old one, which had operated out of the basement of her south Winnipeg home for the last three years.

With 35 of Premiere's 44 extended-stay units in Winnipeg located in six Exchange District condominium complexes, Waterfront Drive was the perfect location for the new regional office, Sager said.

"Most of our suites are within walking distance of here."

Premiere celebrated the grand opening of its 1,300-square-foot, main-floor office last Thursday. Sager said the firm spent upwards of $15,000 on furnishings and finishings for the space, so it intends to be there for a long time.

'Most of our suites are within walking distance of here'

-- Premiere Executive Suites co-owner Sandy Sager on the Waterfront Drive office location

That's good news for the Excelsior's developer, Sherwood Developments Ltd., which has been trying for six years to fill the five commercial units in the complex.

Premiere is the fourth tenant to move into the 11,000-square-foot area, leaving one 800-square-foot, main-floor unit left to fill.

"It took a while, but it's all coming together nicely now," Sherwood president Fausto Pereira said in an interview.

Although they don't have anyone lined up for the last unit, Pereira said they came close to landing a good one when someone approached them recently about opening a bake shop in the space.

While that would have been a great addition to the area, Pereira said the space wasn't equipped to handle the kind of large commercial ovens the shop would have needed. And it proved too costly to upgrade it to that level, he added, so the deal fell through.

"It's just a matter of time before we get that last unit rented," he predicted, "and I'm confident it will happen sooner rather than later."

Like most of the area's residents, Pereira would love to see a bakery, specialty-foods store or maybe a small grocery store open in that spot.

He said the Excelsior's other three commercial tenants -- the Lash Love Nail Bar, Waterfront Massage Therapy and Carnival Brazilian BBQ -- all appear to be doing well.

"The restaurant (which opened in February) seems to be a smashing success. Everyone I've talked to who has been there absolutely loved it," he added.

The Excelsor isn't the only Waterfront Drive condo development that has found it a challenge to attract commercial tenants to the area.

Sunstone Resort Communities has been trying for two years to find buyers for the three commercial units in the soon-to-be-completed Phase II of its Sky Waterfront Condominiums development.

The units range in size from 700 to 2,975 square feet, according to one of the listing agents -- Claude Davis of Royal Lepage Dynamic Real Estate. But Davis said the largest unit could easily be divided into smaller units if needed.

He said an art dealer has expressed an interest in one of the units but hasn't committed to anything.

"And hopefully we might get a coffee shop or something like that. They would also be perfect for a small law firm or maybe an accountant's office."

Davis said he's hoping interest will pick up once the Phase II building is completed.

"No one is going to grab them (the commercial units) until they are ready to go, and they won't be ready to go until October," he said, although he noted all but two of the 31 residential units have now been sold.

Sager said she looked at a number of downtown locations before choosing the Excelsior space.

She said they're hoping to add another eight units next year to their growing Winnipeg inventory of executive suites. Premiere charges $115 per night for a 30-day stint in one of its one-bedroom luxury units, which include a kitchen, dining area, living room and in-suite washer and dryer.

"It's like a home away from home."

Clients include business executives who have moved here and need a place to stay until they move into a home; film-industry people, including directors, producers and actors, who are here to shoot a film; and out-of-town consultants -- engineers, IT specialists etc. -- working on local projects.

"We also get some business from the Royal Winnipeg Ballet... and MTC (the Royal Manitoba Theatre Centre)," Sager said. "There is so much growth going on in Winnipeg right now, so that's been very beneficial to us."

 

Know of any newsworthy or interesting trends or developments in the local office, retail, or industrial real estate sectors? Let real estate reporter Murray McNeill know at the email address below, or at 204-697-7254.

murray.mcneill@freepress.mb.ca

Republished from the Winnipeg Free Press print edition August 26, 2013 B6

Fact Check

Fact Check

Have you found an error, or know of something we’ve missed in one of our stories?
Please use the form below and let us know.

* Required
  • Please post the headline of the story or the title of the video with the error.

  • Please post exactly what was wrong with the story.

  • Please indicate your source for the correct information.

  • Yes

    No

  • This will only be used to contact you if we have a question about your submission, it will not be used to identify you or be published.

  • Cancel

Having problems with the form?

Contact Us Directly
  • Print

You can comment on most stories on winnipegfreepress.com. You can also agree or disagree with other comments. All you need to do is be a Winnipeg Free Press print or e-edition subscriber to join the conversation and give your feedback.

You can comment on most stories on winnipegfreepress.com. You can also agree or disagree with other comments. All you need to do is be a Winnipeg Free Press print or e-edition subscriber to join the conversation and give your feedback.

Have Your Say

New to commenting? Check out our Frequently Asked Questions.

Have Your Say

Comments are open to Winnipeg Free Press print or e-edition subscribers only. why?

Have Your Say

Comments are open to Winnipeg Free Press Subscribers only. why?

The Winnipeg Free Press does not necessarily endorse any of the views posted. By submitting your comment, you agree to our Terms and Conditions. These terms were revised effective April 16, 2010.

letters

Make text: Larger | Smaller

LATEST VIDEO

Can Steeves or Bowman catch Wasylycia-Leis?

View more like this

Photo Store Gallery

  • Marc Gallant / Winnipeg Free Press. Local- WINTER FILE. Snowboarder at Stony Mountain Ski Hill. November 14, 2006.
  • A young goose gobbles up grass at Fort Whyte Alive Monday morning- Young goslings are starting to show the markings of a adult geese-See Bryksa 30 day goose challenge- Day 20– June 11, 2012   (JOE BRYKSA / WINNIPEG FREE PRESS)

View More Gallery Photos

Poll

What do you think of the new school-zone speed limit?

View Results

View Related Story

Ads by Google