True North Square anchors itself on luxury hotel, bank and booze

A luxury hotel, "flagship" liquor store, a grocery store,and four towers with more than amillion squarefeet of space will be part ofTrue North Square, a$400-millionmixed-use development in downtown Winnipeg.

True North Sports and Entertainment (TNSE)held a news conferenceWednesday morning to introduce the project's partnerJames Richardson and Sonsand its lead tenants.

Sutton Hotels, aluxury hotel chain with properties in Alberta and British Columbia, will build two of the towersa 27-storey, 275-hotel-room tower and a 17-storey, 130-residential-unit tower.

"Our philosophy is 'a tradition of luxury'and that's exactly what we'll be bringing to Winnipeg," said Tom Gaglardi, CEO of Sutton Place Hotels.

Hartley Richardson said his father took risks to build the city's tallest skyscraper tower in 1969.Now he says the family is pleased to be involved in the another phase of improving Winnipeg's downtown.

"It's kind of our turn the last generation," he said. "When my father and our family built at the corner of Portage and Main, it took a bold step forward in transforming the downtown. But that was a generation ago."

True North Square, which is being driven by Winnipeg Jets ownerTNSE, is bordered byHargraveand Carlton Streets and Graham and St. Mary avenues kitty-corner to the MTS Centre, the Jets' home arena.

Scotiabank and law firmThompson Dorfman Sweatmanare alsoamong the early signees to the development, which will includea majorliquor storeowned byManitoba Liquorand Lotteries and described in news releases as a "flagship" outlet.

RAW: Jim Ludlow announces some of the major tenants for the 4 towers in the new True North Square complex

9 years ago

Duration 2:16

A luxury hotel, flagship liquor store and four towers with more than a million square feet of space will be part of True North Square, a two-acre public plaza under construction in downtown Winnipeg.

The province and the city are alsoteaming up to invest $17.6 million in creating atwo-acre public plaza thatwill include a skating rink, public stage, and green space.

That part of the development wasannounced last month with government officials sayingthe money would come from atax increment financing (TIF) program, which will reinvest tax revenue collected in the area.

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At the time the plaza was announced, theCanadian Taxpayers Federation criticized the public funding, saying True North's project wasgetting an unfair advantage from the TIF program.

True North Square video

10 years ago

Duration 2:29

True North Sports and Entertainment provided this video for True North Square, a commercial and residential development it has proposed for Carlton Street in downtown Winnipeg. Chairman Mark Chipman claims that Mayor Brian Bowman watched this video in November 2014 and therefore knew about the project.

TNSE president Jim Ludlow said the project would have gone ahead regardless of any help from any government.

"I think a TIF can be helpful to what we do in and around the space. Can you make it better with the TIF? Can you make it nicer for the user? Absolutely," he said.

"Does that effect the economics of the tower? Not one bit."

Ludlowadded True North Squarewill also include a grocery store. Developers are working with several potential operators and recognize the need for that type of amenity in the area, he said.

The anchor office complex, a17-storeytowerat 242 Hargrave, will becompleted by summer 2018, True North officials said on Wednesday.

The second tower will be 24 storeys and contain office space,boutique retail space and residential units.