Funding For Saint John Waterfront Site To Be Announced Friday
The infrastructure money would pave the way for a proposed $250-million multi-use development on the former Coast Guard site.
The infrastructure money would pave the way for a proposed $250-million multi-use development on the former Coast Guard site.
Brock Rogerson, who currently owns about 133 residential units in Saint John, says the building on Prince William Street has great potential if the planned Fundy Quay project goes ahead.
Saint John is still hopeful the province will come through with infrastructure funds so the private developer can move ahead with the $250-million mixed-use development.
The city requested $10 million over five years to help with site remediation, which includes upgrading the sea wall.
Repairing and building up the sea wall is necessary for work to start on the much-anticipated plan to construct a multi-use development featuring a mix of commercial and residential spaces.
The upgrades, which include repairing and building up the sea wall, are necessary for work to start on the Fundy Quay housing and commercial development.
The vacant land on Saint John’s waterfront finally has a developer, who plans to build a multi-use development featuring a mix of commercial and residential spaces, but construction can’t start until the repairs are made.
Fundy Quay Inc recently announced plans to develop the site into a multi-use development featuring a mix of commercial and residential spaces, but the popular music festival will remain there until development work gets underway.