{"id":85667,"date":"2024-09-30T09:50:51","date_gmt":"2024-09-30T13:50:51","guid":{"rendered":"https:\/\/theturtleislandnews.com\/?p=85667"},"modified":"2024-09-30T09:50:51","modified_gmt":"2024-09-30T13:50:51","slug":"winnipegs-portage-place-to-soon-breathe-again-as-purchase-poised-to-close","status":"publish","type":"post","link":"https:\/\/theturtleislandnews.com\/index.php\/2024\/09\/30\/winnipegs-portage-place-to-soon-breathe-again-as-purchase-poised-to-close\/","title":{"rendered":"Winnipeg&#8217;s Portage Place to soon &#8216;breathe again&#8217; as purchase poised to close"},"content":{"rendered":"<p>(CP)-A real estate developer says it&#8217;s poised to close its purchase of a struggling downtown Winnipeg shopping centre and turn it into affordable housing, health-care services and gathering spaces. True North Real Estate Development says it has reached an agreement to buy Portage Place and its underlying land and parking, and that work is to begin to finalize the deal in the coming days. True North, the real estate arm of the company that owns the NHL&#8217;s Winnipeg Jets, says the milestone for the $650-million development comes after more than two years of consultations with various orders of government. True North has partnered with the Southern Chiefs Organization to build a 15-storey residential tower, with 40 per cent of its more than 200 units being rented at affordable rates. The&#8230; <\/p>\n<div class=\"pmpro\">\n<div class=\"pmpro_card pmpro_content_message\">\n<div class=\"pmpro_card_content\">This content is for Yearly Subscription, Yearly Subscription &#8211; Corporate, Print Subscription Only, and Canada Print and Online members only.<br \/><a href=\"http:\/\/theturtleislandnews.com\/wp-login.php?action=register\">Register<\/a><\/div>\n<div class=\"pmpro_card_actions pmpro_font-medium\">Already a member? <a href=\"https:\/\/theturtleislandnews.com\/wp-login.php?redirect_to=https%3A%2F%2Ftheturtleislandnews.com%2Findex.php%2F2024%2F09%2F30%2Fwinnipegs-portage-place-to-soon-breathe-again-as-purchase-poised-to-close%2F\">Log in here<\/a><\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>(CP)-A real estate developer says it&#8217;s poised to close its purchase of a struggling downtown Winnipeg shopping centre and turn it into affordable housing, health-care services and gathering spaces. True North Real Estate Development says it has reached an agreement to buy Portage Place and its underlying land and parking, and that work is to begin to finalize the deal in the coming days. True North, the real estate arm of the company that owns the NHL&#8217;s Winnipeg Jets, says the milestone for the $650-million development comes after more than two years of consultations with various orders of government. True North has partnered with the Southern Chiefs Organization to build a 15-storey residential tower, with 40 per cent of its more than 200 units being rented at affordable rates. The... <\/p>\n<div class=\"pmpro\"><div class=\"pmpro_card pmpro_content_message\"><div class=\"pmpro_card_content\">This content is for Yearly Subscription, Yearly Subscription - Corporate, Print Subscription Only, and Canada Print and Online members only.<br \/><a href=\"http:\/\/theturtleislandnews.com\/wp-login.php?action=register\">Register<\/a><\/div><div class=\"pmpro_card_actions pmpro_font-medium\">Already a member? <a href=\"https:\/\/theturtleislandnews.com\/wp-login.php?redirect_to=https%3A%2F%2Ftheturtleislandnews.com%2Findex.php%2F2024%2F09%2F30%2Fwinnipegs-portage-place-to-soon-breathe-again-as-purchase-poised-to-close%2F\">Log in here<\/a><\/div><\/div><\/div>","protected":false},"author":101363,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"pmpro_default_level":"","footnotes":""},"categories":[8,13],"tags":[],"class_list":["post-85667","post","type-post","status-publish","format-standard","hentry","category-national-news","category-ticker","pmpro-level-required","pmpro-level-3","pmpro-level-2","pmpro-level-5","pmpro-level-4","pmpro-level-6","pmpro-level-7","pmpro-no-access"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Winnipeg&#039;s Portage Place to soon &#039;breathe again&#039; as purchase poised to close - The Turtle Island News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/theturtleislandnews.com\/index.php\/2024\/09\/30\/winnipegs-portage-place-to-soon-breathe-again-as-purchase-poised-to-close\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Winnipeg&#039;s Portage Place to soon &#039;breathe again&#039; as purchase poised to close - The Turtle Island News\" \/>\n<meta property=\"og:description\" content=\"(CP)-A real estate developer says it&#8217;s poised to close its purchase of a struggling downtown Winnipeg shopping centre and turn it into affordable housing, health-care services and gathering spaces. True North Real Estate Development says it has reached an agreement to buy Portage Place and its underlying land and parking, and that work is to begin to finalize the deal in the coming days. True North, the real estate arm of the company that owns the NHL&#8217;s Winnipeg Jets, says the milestone for the $650-million development comes after more than two years of consultations with various orders of government. True North has partnered with the Southern Chiefs Organization to build a 15-storey residential tower, with 40 per cent of its more than 200 units being rented at affordable rates. 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