The great Maryland makeover

Three projects to change face of area

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The block of Maryland Street between Westminster and Wolseley avenues is getting a long-awaited facelift, with two new apartment projects in the works and a previously announced condominium project already under construction.

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Opinion

Hey there, time traveller!
This article was published 26/10/2015 (2592 days ago), so information in it may no longer be current.

The block of Maryland Street between Westminster and Wolseley avenues is getting a long-awaited facelift, with two new apartment projects in the works and a previously announced condominium project already under construction.

The new apartment buildings are both at the corner of Maryland and Westminster — one on the southeast and the other on the southwest. The condo project, which was unveiled in August 2014, is located one block to the south, on the northwest corner of Maryland and Wolseley.

The first apartment development to get out of the starting blocks is a three-storey, 11-unit complex to be built on a single lot on the southwest corner of Maryland and Westminster by Ranjjan Developments (also the co-developer of the nine-unit condo building).

The Chanden Homes project on the southeast corner of Maryland Street and Westminster Avenue has a target start date of March 2016.

The house that had been on that lot for many years was demolished last week, and excavation and foundation work will be getting underway immediately, Ranjjan owner Rocky Kalsi said in an interview.

Kalsi said he expects the building to be ready for occupancy by early next summer. It will have one bachelor suite, four one-bedroom units and six two-bedroom apartments.

The apartment complex across the way will be quite a bit bigger: a four-storey, L-shaped building to be built on five lots, including three or four ground-floor commercial units and 44 one-, two- and three-bedroom apartments.

The developer for that project is a newcomer to Winnipeg — Lorette-based Chanden Homes Ltd.

Owner Leon Reimer said there are homes on three of the five Maryland Street lots that will have to be demolished before construction can begin. He said he hopes to begin construction in March and to have the building completed by spring 2017.

Leah McCormick, executive director of the West Broadway Business Improvement Zone, said BIZ officials are thrilled to see some new developments spring up along that section of Maryland Street.

 

“That’s where we think we have room for more new growth,” she said, noting nearby Sherbrook Street has already seen a fair bit of new development in recent years, and the another condo complex — the Element Condominiums — was built a few years ago at the corner of Maryland and Sara Avenue.

But up until Ranjjan and Vishin Developments recently began building their new condo complex, the block of Maryland Street between Westminster and Wolseley had remained untouched.

Kalsi agreed, adding: “I think it’s fantastic to have this revitalization (taking place) in the area. Maryland… is getting a facelift.”

Winnipeg’s Unit 7 Architecture is the architect for the Chanden Homes project. Owner Dean Syverson said he and his former business partner at Syverson Monteyne Architecture used to own one of the lots Chanden Homes acquired, and had tried unsuccessfully for years to find a developer to build a condo complex on the location.

So when Reimer’s company acquired four of the other lots, they sold their lot to him.

McCormick said Chanden Homes and Ranjjan should have no trouble finding tenants for their rental apartments.

“We need more rentals,” she said, noting a number of apartment complexes in the West Broadway area have been converted to condos in recent years. And while there have also been new condos built in the area, there have been no new rental units built.

“So this will balance us out a little more.”

On the commercial side, McCormick and Syverson agreed Chanden Homes also should have no trouble finding tenants.

“Every month, I get contacted by someone who is interested in the area,” she said, but there aren’t any vacant storefronts at the moment.

“It’s a nice, cental location and it has great access to bus (service) and great restaurants. So it’s ideal.”

Reimer said he’s already negotiating with a local restaurant operator and two gym operators interested in leasing space in his building.

McCormick said while there are already a number of successful restaurants on Sherbrook Street, there’s always room for more.

“The more the merrier,” she said, noting such businesses help draw more people to the area.

“The Tallest Poppy and the Sherbrook Street Deli are the two newest restaurants on the (Sherbrook Street) strip, and they’re certainly busy.”

Reimer said the commercial space will be on the first two floors on the Westminster side of the building. Because the Misericordia Health Centre is only a block away, a number of doctors are also interested in leasing office on the second floor, he added.

Although this is Chanden Homes’ first Winnipeg project, it has plenty of experience building multi-family complexes. Reimer said the company has completed 12 other projects in the last 15 years in southern Manitoba communities such as Steinbach, Lorette and St. Norbert.

He said he’s so sure the Maryland Street project will be a success he’s already negotiating to acquire some other parcels of land in the city for other similar developments.

 

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

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