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Three tenants are set to move into True North Square by the end of June 2018, as construction continues on the massive downtown Winnipeg project.

MNP Consulting, Scotiabank and the law firm Thompson-Dorfman-Sweatman will move into the 17-storey tower located at 242 Hargrave Street this summer, which will be used primarily for office and retail space.

The second tower, located at 225 Carlton Street, has reached the final structural building phase and was topped off at 25 storeys recently. Construction crews are now working on the exterior and interior of the building, which will hold retail and office space in addition to 194 residential rental units.

True North Real Estate Development President Jim Ludlow says this is a milestone for the project and while they only have three tenants for 242 Hargrave so far, he’s confident they will secure more.

“This building offers something that’s a little different from what already exists for businesses,” Ludlow said. “Part of what you’re seeing here today is what these new buildings can offer.”

“It takes time for existing companies to understand the value of these new buildings, but that’s coming.”

225 Carlton is expected to be completed by Spring 2019.

Ludlow says they have traction on retail and hospitality businesses that will settle into various parts of True North Square. He says they are still working on details of Manitoba Liquor and Lotteries’ lease for its 50,000 square foot office space and the funding the project will receive from the provincial government.

Construction on the plaza is expected to be completed in June this year. It won’t be open to the public for some time, however, because the space will be used for lay down and staging until the construction of 225 Carlton is complete, according to PCL Constructors Canada Inc. Vice President and Regional Manager Sean Barnes.

Barnes says construction is on time and on budget.

“Construction has gone phenomenally well,” Barnes said. “We’ve had 900,000 labour hours put into this and 1,300 people have been employed on this project so far.”

The estimated final completion date for True North Square is sometime in 2021.

Small traffic delays expected during construction:

Barnes says sporadic lane and street closures throughout construction may make some commutes tougher for Winnipeggers travelling in the True North Square area.

“Closures may take place as we need in order to accommodate machinery set up and take down,” Barnes said. “On occasion where we need it, we’ll go to the city, get a permit and shut down a lane or two of traffic, but we don’t expect we’ll have to do that very often.”

 

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