UM Properties, a land development corporation owned by the university but governed separately and intended to develop the Southwood Lands, aims to have between 1,500 to 2,000 residential units built in two buildings within four-and-a-half to five years.
The land will be leased from the corporation to private builders. The leasing proceeds will then go toward the university’s endowment fund.
“The vision is this becomes a complete community, so it’s going to contain the full spectrum of rental housing, the full spectrum of condo housing from first time owners to seniors to families, all other points in between,” said Greg Rogers, UM Properties’s CEO.
“It’ll have a grocery store, it’ll have a bank, it’ll have a dental office, it’ll have a medical office, it’ll have everything you need and that you can walk to.”
The first phase of the development is expected to generate about $20 million, Rogers said.
The long-term project is meant to be walkable, with a transit hub in its centre and active transportation routes throughout, along with a parcel of land set aside for a museum dedicated to Indigenous Truth and Reconciliation.
“It’s going to be something really special done, in phases — the first phase being right next to the university so that people who live there, for whatever reason they have to be on campus, whether its to teach or work or go to school there, they can walk,” Rogers said.
“It’s a very pedestrian-centric community.”
The proposed project could see 10,000 residential units built in phases over 40 years, along with commercial development, green spaces dotted throughout the parcel of land and a kilometre-long park stretching along the bank of the Red River.
The first phase of the plan, which will snake along Sifton Road on the University of Manitoba campus, will go to city hall in December to begin the approval process — first to community committee and the property and development committee, then to executive policy committee and eventually, full council.
“On these lands will be developed about $3 billion worth of buildings over time by the private sector, so this is a big project for the City of Winnipeg in terms of its (economic) development potential… and also for the University of Manitoba,” said Rogers, a U of M alumni who has developed land projects across North America for nearly three decades.
Rogers said a goal is to improve the campus overall.
“Every great university has a great campus — the (U of M’s) campus kind of sucks, to be honest,” he said.
“It’s a great feel when you’re here going to school or working, but when you want to go for a beer or a bite to eat after, you have to leave the campus, if you want to go for a place to live, you have to leave the campus.”
Coun. Janice Lukes, whose Waverly West city council ward is home to the Southwood Lands, is excited to see the project move forward.
“Empty land, beautiful empty land — lots of demand for housing in this area, so hallelujah, it’s finally happening,” Lukes said.
Lukes has long admonished the lack of housing adjacent to the sprawling university, which has led to illegal rooming houses popping up in surrounding residential neighbourhoods.
“In the big picture, for our university, because it’s not going anywhere, the more we can do for our university to put some vitality into it, to put people into it, the better it will be for our city and province.”
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