Construction was completed on the five-storey, $15-million head office for Credit Union Central of Manitoba and facilities for its information technology arm, Celero Solutions Inc, in 2006.

The almost 100,000-square-foot building has risen on the site where the Capitol Theatre once stood on Donald Street, just north of Portage and adjacent to Mountain Equipment Co-op.

The theatre, which came under CentreVenture control due to a tax sale and had been vacant for many years, had to be demolished due to extensive mould and water damage.

The project received quick approval from the City in 2004, thanks to the recently-created Downtown Development Standing Committee — a one-stop shop for developers to obtain approvals for their building plans.