Winnipeg’s Confusion Corner, the city’s busiest intersection, has begun a revitalization process with the first phase of a mixed-use project now underway.
The six-storey Osborne Place, an office building that will house 32,000 square feet of space, broke ground at the intersection of Osborne and Pembina Highway, a spot that sees more than 91,100 vehicles daily.
A second phase is now being planned, with a 10-12 storey residential building slated for construction next door at 265 Osborne Street, at the corner of Jessie Avenue to start in 2017. The development will be close to rapid transit and shopping and dining destinations.
Imperial Properties has been working on the project for two years now and will oversee leasing and serve as property manager upon the completion of phase one in December 2016.
“We’re pleased that Osborne Place will meet and exceed the goals outlined by the City of Winnipeg’s Corydon-Osborne Area Plan,” said Adrian Schulz, ACCI, president and chief executive officer of Imperial Properties. “The city’s emphasis on high-rise and mixed-use developments feels like a new beginning, and we’re proud that our redevelopment of the Osborne and Pembina corner is validating and kick-starting this plan.”
Other partners on the project include Quincore Projects, the general contractor; Allan Coppinger, the architect; and DIN Projects, which is overseeing the development’s design.