Winnipeg, MB – October 21, 2025 – Shindico Realty Inc. is pleased to announce the acquisition of 14.34 acres of land within the Water Tower District, Winnipeg’s newest infill mixed-use development. The site, located on the former Canada Packers/Public Markets lands at the southeast corner of Marion Street and Archibald Street, represents one of the city’s most significant infill redevelopment opportunities.
As the owner and developer, Shindico Realty Inc. will fully design, construct, and lease the retail component of the Water Tower District. The development will be undertaken in partnership with Olexa Developments Ltd., a long-time and trusted partner. This latest project builds on a history of successful ventures together, including the Brookside Business Park.
The project will feature a best-in-class retail centre, complemented by multi-family and industrial uses, creating a complete, connected, and walkable neighbourhood designed for modern urban living. The design will focus on convenience, accessibility, and long-term tenant success—hallmarks of Shindico’s premier retail projects across Manitoba.
The new retail hub will include a dynamic mix of national and local tenants, with numerous drive-thru opportunities and high-visibility pad sites that will cater to both local residents and commuters along Marion Street and Archibald Street.
“We’re excited to bring another premier retail and mixed-use project to an established Winnipeg neighbourhood,” said Sandy Shindleman, Founder and Chairman at Shindico Realty Inc. “As owner and developer of the retail component, Shindico is proud to lead the creation of a high-quality shopping destination that will anchor this landmark infill redevelopment and serve residents for decades to come.”
Construction of the first multi-family residential phase within the district is scheduled to begin in 2026, with Shindico’s retail component to follow shortly thereafter.
As a transit-oriented infill redevelopment, the Water Tower District will transform a former industrial site into a vibrant community that integrates retail, housing, and employment within a walkable, connected neighbourhood.
Situated in St. Boniface, Winnipeg’s French cultural heart, the Water Tower District will reflect the area’s strong sense of community and unique character. The district will be surrounded by a rich array of nearby amenities, including St. Boniface Hospital, Bonivital Pool, Windsor Park Golf Course, and Niakwa Country Club.
“We’re thrilled to continue working with Shindico,” said Dan Cristall, Founder and CEO of Olexa Developments Ltd. “Our experience together at Brookside Business Park exceeded expectations, and we’re confident that the Water Tower District will be another successful collaboration—bringing lasting value to both residents and businesses.”
Shindico’s project will continue the company’s legacy of delivering high-quality infill and mixed-use projects across Manitoba, such as Grant Park Pavilions, Grant Park Festival, and Corral Centre (Brandon).
About the Water Tower District
The Water Tower District is a 165-acre, transit-oriented, mixed-use community that is reimagining one of Winnipeg’s most historic industrial properties. The district will feature a balanced blend of multi-family housing, retail, office, parklands, and industrial space, all designed for walkability and accessibility.
Key features include:
- Shovel-ready development, zoned, and building permit-ready with services in place.
- Over 22 acres of dedicated parkland, reserves, gardens, and recreation space.
- A 14.34-acre retail hub at Marion and Paulette Duguay, developed in partnership with Olexa, serving both district residents and the greater St. Boniface area.
- Approximately 90 acres of employment lands, projected to support 700+ jobs.
- Industrial lots available for sale – a rare opportunity to purchase serviced industrial land within the City of Winnipeg.
- Excellent connectivity - located less than 4 km from Downtown Winnipeg and within 3 km of St. Boniface General Hospital, with direct access to Highway 59 (Lagimodiere Blvd.).
More information on the Water Tower District can be found here:
About Shindico
2025 marks Shindico’s 50th anniversary. Founded in 1975, Shindico Realty Inc. is a full-service commercial real estate company and one of the largest privately owned real estate firms in Manitoba. As owners and managers of commercial real estate, Shindico’s diverse portfolio of properties includes shopping centres, office buildings, industrial parks, multifamily apartments, personal storage, and mixed-use developments. Our reputation for integrity, professionalism, and excellent service is built on our mission statement of Succeeding by Helping Others Succeed.
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For further information, please contact:
Sandy Shindleman
Founder and Chairman at Shindico
Shindico Realty Inc.
P (204) 474-2000
www.shindico.com
