On September 29, 2015, Crown corporation Manitoba Liquor and Lotteries announced that it had purchased Winnipeg's Medical Arts Building from Huntingdon REIT for $74 million as their new headquarters.
Construction began on the $4 million structure in 1972 and it opened as a state of the art medical centre housing 150 medical professionals on June 17, 1974. In 2006 it was purchased by Huntingdon REIT and is currently at about 50 per cent occupancy.
For a look back at the history of the Medical Arts Building(s), check out my updated Winnipeg Downtown Places post !
The purchase price was $7.9 million. Another $66 million will be spent to renovate the existing building and parkade as well as to build a five storey, 80,000 square foot addition in what is now the surface parking lot area.
Once completed, the top ten storeys will continue to be rented out to tenants, while the bottom five floors and new addition will house MLLC's 400 or so employees.
Construction is expected to begin in early 2017.
The Medical Arts Building through the Decades:
Original 1923 - 1971 building (source)
Proposed New Medical Arts Building (source)
Medical Arts Building in 2012 (source)
A new downtown head office Manitoba Liquor and Lotteries (news release)
A new downtown head office Manitoba Liquor and Lotteries (video)
Medical Arts Building Winnipeg Downtown Places