Portage and Main development plan to be unveiled by Artis REIT

A new development is coming to Portage Avenue and Main Street,Winnipeg's iconic downtown intersection.

Artis REIT, a commercial real estate investment trust that owns the Shops of Winnipeg Square and the 360 Main office tower, among other properties, will unveil its plans on Thursday for a "significant new development" in the area.

The company said it also plans to conduct a "complete renewal of the existing curtain wall and environmental barrier" at 360 Main, a 30-storey tower that was built in 1979.

The projects at Portage and Main will total $165 million, Artis REIT stated in a media advisory.

Winnipeg Square includes retail shops and an underground pedestrianconcourse linking several buildings at Portage and Main.