All Seniors Care Living Centres Ltd. has built five multi-storey retirement residences in the province since 2005 -- four in Winnipeg and one in Brandon. That's more than in any other province except Quebec, where it also has five.
And there's more to come. The company's chief financial officer said construction will get underway next month on a fifth Winnipeg residence -- a $30-million, six-storey, 173-unit complex to be built in the North Main Street area.
The company is also scouting out several other potential building sites in the city.
"Winnipeg is a growing city with a growing seniors population," All Seniors CFO Mike Fraser said in an interview from Toronto. "I could see room for another couple of buildings."
Fraser said All Seniors is looking into the feasibility of expanding into smaller urban centres in Canada with a scaled-down version of its retirement residences -- the five it has in Manitoba range from 126 to 183 units each.
If it decides to go that route, it will be looking at expanding into a number of rural Manitoba centres, Fraser said. For competitive reasons, he wouldn't say which ones.
Fraser and Heather Mutcheson, vice-president of the company's Manitoba operations, said there are a lot more things to like about the Winnipeg market than the fact it's growing.
Click to read full press release: http://www.allseniorscare.com/news/press-release/asc-premier-retirement-residence-company-adds-another-winnipeg
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