A new 14-storey apartment complex will provide accommodation for students and families in the city’s downtown.
The University of Winnipeg and province are partnering to build the 12,000-square-foot building near the intersection of Portage Avenue and Memorial Boulevard.
The complex will contain 102 apartments, ranging from one to three bedrooms.
“We recognize that many students are also parents with unique housing needs and, with an extremely low vacancy rate, downtown Winnipeg needs more residential options,” said Dr. Axworthy, U of W president and vice-chancellor.
Currently an empty parking lot between the Buhler Centre and the Winnipeg Art Gallery across from The Hudson’s Bay, the complex will also contain 46 apartments suited for affordable renting by lower-income Manitobans. Thirty-two units will be offered on a rent-geared-to-income basis. The remaining 56 will be offered at market rents, 16 of which will be considered premium units.
“We are extremely committed to removing whatever barriers we can so that recent immigrants, indigenous people, rural students and adult learners can choose to follow their dreams and obtain a university education,” Axworthy added.
Construction is scheduled to begin in the spring of 2014, with a completion target of the fall of 2015.