True North Real Estate Development Option Agreement Sample Contracts
BackgrounderTrue North Real Estate Development Option Agreement • May 12th, 2023
In March 2023, True North Real Estate Development (TNRED) announced its interest in purchasing and leading the redevelopment of Portage Place to create a dynamic, purposeful and community-minded space to advance the critical needs of urban improvement downtown. With the support of the Manitoba government, TNRED’s program plan is intended to improve the urban health of downtown Winnipeg, and is based on the notion of breaking down the large monolithic structure into four simple zones providing for health equity, public spaces and greenways, neighbourhood services, culture and arts, and housing and food equity. TNRED, its partners and consultants, both public and private, will vigorously pursue this redevelopment planning process to its successful completion.