Years-long plans to turn a vacant lot into one of the tallest new buildings outside of the downtown in decades will remain on the drawing board.

The plan to build a 21-storey, mixed-use apartment building at 634 Portage Ave., has ended with the lot — once the site of a car dealership — up for sale at a $6.5-million asking price.

P3, or Private Pension Partners Realty, said it was not commenting on the sale listing or why its development plan was no longer going forward.

Jino Distasio, an urban planning professor at the University of Winnipeg, said he is disappointed the development is not going ahead, but not surprised.

“I don’t know why this happened, but it is not uncommon to see changes,” Distasio said Wednesday. “I would like to see this lot filled in with the right type of housing

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