Hey there, time traveller!

This article was published 30/11/2012 (2124 days ago), so information in it may no longer be current.

A major Ontario developer has purchased a parcel of land in downtown Winnipeg and plans to build two high-rise commercial/residential towers on the site as part of an estimated $80-million development.

A senior executive with Richmond Hill-based Fortress Real Developments Inc. wouldn't reveal where the property is located because the deal hasn't formally closed yet.

All Vince Petrozza would say is it's a parking lot, it's "centrally located in the downtown" and "it's really a prime property."

Petrozza, who is Fortress's chief operating officer, said the property will likely be developed in two phases and that Fortress hopes to start Phase I next year.