WINNIPEG — Manitoba Liquor and Lotteries has chosen the Medical Arts Building for its new corporate headquarters.
The Crown corporation has purchased the building at 233 Kennedy Street and plans to redevelop and expand the first five floors as part of a $74 million investment.
More than 400 employees will work out of the office, which will include a surface parking lot and parkade.
MLL says the location will contribute to a cost-savings of $23.6 million over the next 20 years due to efficiencies in centralization.
“With all the exciting things happening in Winnipeg’s downtown the last few years, this is the perfect fit for Liquor & Lotteries’ new head office,” said Tannis Mindell, board chair for Manitoba Liquor and Lotteries.
“We are looking forward to working with our new neighbours to continue to enhance our city’s centre, making it a vibrant hub of activity and future growth.”
The Kennedy Street location was purchased for $7.9 million. Redevelopment and expansion are expected to cost $66 million.
An additional 80,000 square feet will accommodate commercial businesses on the main floor, while floors 2-5 will be occupied by Liquor and Lotteries staff and a daycare. The building’s top 10 floors will contain office space for existing and new tenants. The property is currently 50 percent occupied with about 40 tenants working in the building.
MLL currently operates out of a five separate offices at Buffalo Place, Empress Street, Milt Stegall Drive, St. James Street and Pacific Avenue.
Construction is scheduled to begin in early 2017.