Winnipeg’s big Ikea just got a whole lot bigger
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Hey there, time traveller!
This article was published 13/07/2011 (4045 days ago), so information in it may no longer be current.
IKEA Canada has increased the size of its forthcoming Winnipeg store by about 12 per cent, but the extra space will be devoted to warehousing, not display rooms for new Karlstad sofas or Karit bedspreads.
The world’s largest furniture retailer plans to build a 395,000-square-foot store at the southwest corner of Kenaston Boulevard and Sterling Lyon Parkway, up from the 350,000-square-foot plan originally announced in 2009.
Construction tenders will close in August, with construction slated to begin in September, spokeswoman Madeleine Löwenborg-Frick said Tuesday. All of the additional space is earmarked for warehousing.
The building is expected to be completed in late 2012. The plan is larger than any of Ikea’s 11 existing Canadian stores, but smaller than a 430,000-square-foot Ikea outlet expected to open later this year in Ottawa, Löwenborg-Frick said. That store will replace an existing Ottawa Ikea outlet.
Winnipeg’s Ikea store will be the first component of a 1.5-million-square-foot, potentially $400-million development on both sides of Sterling Lyon Parkway.
The largest component of the development will be the Seasons of Tuxedo mall, which has been touted as a more pedestrian-friendly concept than a traditional big-box development.
Developer Fairweather Properties has yet to unveil the names of other retailers planned for Seasons of Tuxedo and is contractually obliged to allow its tenants to announce their own construction timelines.
“We don’t make announcements for other tenants and other users. We just say, ‘Watch us,’ ” said Fairweather president Michael Nozick.
“Everything is unfolding as it should. By this time next year, you should see significant development at the site.”
Under the terms of a 2009 agreement with the city and province, Fairweather has either spent or is in the process of spending $26.5 million to widen Kenaston Boulevard, Sterling Lyon Parkway and Shaftesbury Boulevard and install three new sets of traffic lights.
The city and province will eventually pay all but $4.5 million of these costs back to the developer.
The city and province expect to collect an additional $6 million in new property taxes stemming from the site every year after it is completely built, which is expected in 2018.