Avenue Building renovation forging ahead
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Hey there, time traveller!
This article was published 08/06/2010 (5793 days ago), so information in it may no longer be current.
An eyesore on Portage Avenue near Main Street is being rebuilt from the inside out.
The Avenue Building at 265 Portage Ave., which has empty for a decade and place for pigeons to roost, is being converted into 59 low-rent one-bedroom apartments.
A vacant building next door is also being renovated to add more apartments and a parking garage.
Premier Greg Selinger, Mayor Sam Katz and brothers Mark and Rick Hofer, who are behind the project, revealed details of the $8.5-million project today.
The city and province are helping the Hofers with the redevelopment by providing with $676,000 in civic and provincial Tax Incremental Financing (TIF) grants, an additional provincial grant of $575,000, and a city grant of $800,000.
Mark Hofer said it’s hoped suites will be ready to rent in about a year.