Overview

• True North Real Estate Development has reached an agreement to purchase Portage Place and its underlying land and parking.
• The development will feature a 15-storey residential tower with 40% of its 200 units rented at affordable rates.
• A 265,000-square-foot healthcare center will be a cornerstone of the project, with the Manitoba government as the main tenant.
• The federal government is contributing $10 million towards community and public spaces, with an additional $17 million expected from Canada Mortgage and Housing Corp.
• The project, in partnership with the Southern Chiefs Organization, aims to provide employment and educational opportunities, particularly for Indigenous communities.