Quote:
Originally Posted by MonctonRad
Indeed. I suspect Ashford is in this for the long term, and we will still be talking about the redevelopment of this block in 10 years time, however, there are certain components that I think the city wants to work with Ashford on as expedited priorities:
1) - The next phase of Downing Street
2) - A new multilevel parking structure (necessary for Slate Management in order to keep the tenants of the Blue Cross Centre happy, and also to free up the Assumption Place parking lot for redevelopment).
3) - Relocation of the city market to Downing Street.
4) - Creation of a new street parallel to Main south of Assumption Place.
I think you will see movement on at least these components in the next 3-5 years.
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I think we'll see a slow & steady approach by Ashford, one step at a time. This is a part of the CBC story from last month:
"I see opportunity," Jim Dixon, a principal with Ashford and its chief financial officer, said as he stood in the parking lot behind the jail. He described a vision of more retail, restaurants, office space and residential units on top.
He pointed to FiveFive Queen, an eight-story building with retail, restaurants, condos and a small hotel, as an example of what he sees as possible.
He said addressing downtown parking will be a priority, and there's the possibility of using the eastern portion of the land along Downing Street for the city's plan for a new market.