Ross Ventures Now Renting Apartments In Fredericton Complex Opening Next Year
The Fredericton company that owns multiple commercial buildings is opening its first residential property and has plans for more.
The Fredericton company that owns multiple commercial buildings is opening its first residential property and has plans for more.
Ross Ventures, which began the construction of 140 Carleton in 2018, is optimistic about the future of commercial office buildings at a time when more people are working remotely.
The signs of growth were in the air this year with cranes at work downtown and in Knowledge Park.
Brenda Czich and her husband purchased their lot at Kilmarnock Head last September during a trip where they intended to check out different property throughout the Maritimes. But the scenic are near St. Andrews was the only place they needed to see.
Mayor Mike O’Brien says the growth was fueled mainly by private-sector projects with less than one per cent of the permits tied to government investments.
The new development is the first of three planned for a downtown that hasn’t seen new ‘Class A‘ space more than 20 years. It’s like chasing the 4-minute mile, said the Ross Ventures CEO of the race to construct new buildings in the city centre.
Argyle Place, located on 364 Argyle Street in downtown Fredericton, will be undergoing a revitalization inside and out.
Ross Ventures says the new tenant allows them to proceed with construction on Carleton Street that will begin in early 2019 and be completed in 2020.