Shindico Realty Inc. and Olexa Developments are pleased to announce that the Water Tower District received approval at the June 24th Riel Community Committee meeting to increase density from 1,200 to 2,000 multifamily units.
“The need for housing is huge in the City of Winnipeg. The St. Boniface area has largely been left out of new multifamily development and the Water Tower District can create opportunities for residents and the community to stay in their neighborhood” said Sandy Shindleman, President and CEO of Shindico Realty Inc.
“Area residents have been very supportive of the development. We are very excited to have passed the first stage of approvals and provide the community with the best possible project,” said Robert Scaletta, Senior Vice President, Industrial and development manager for Olexa. “Sites are shovel-ready and construction will commence this fall,” added Mr. Scaletta.
About Shindico
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. Our reputation for integrity, professionalism, and excellent service is built on our mission statement of Succeeding by Helping Others Succeed.
About Olexa Developments
Olexa Developments is a privately-owned real estate development company headquartered in Alberta with hometown roots in Manitoba. As a trusted Western Canadian developer, Olexa is focused on building value for its tenants, partners, and investors, building thoughtful communities that drive our local economy forward.
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For further information please contact:
Robert Scaletta
Senior Vice President, Industrial
Shindico Realty Inc.
(204) 928-8242
www.shindico.com
