The Official Moncton, NB Project Thread

[Leroy321]

[QUOTE=josh_cat_eyes;10288176]
Sounds exactly like Downing Street!!

If so there will be a lot of activity downtown Moncton next year!
-gateway 2x17s
-saint Bernard 18
-third sister 15
-Downing Street
-infinity 30
And anything else that could be in the planning for downtown Moncton.

[jonny golden]

And anything else that could be in the planning for downtown Moncton.

If this all gets started it will be huge for downtown Moncton - a major step forward in the transformation of the city core. It would also be great to see the Junction come forth with a big project along Main Street for their next phase.

One would think that there are also other things being planned behind closed doors. There's still lots of undeveloped land downtown.

[lirette]

Have to think the lowering of interest rates will build some momentum towards some of these projects getting off the ground. Interesting tidbit from the election that Holt is looking to follow NS & PEI with removing provincial HST on new multi unit housing developments.

[jonny golden]

Originally Posted by lirette

Have to think the lowering of interest rates will build some momentum towards some of these projects getting off the ground. Interesting tidbit from the election that Holt is looking to follow NS & PEI with removing provincial HST on new multi unit housing developments.

I agree with you. When we're talking about multi million dollar projects, the interest rates are important.

I wonder if it will cause Thrive Properties to get back in the game? They had a lot of developments planned.

[Ifyoubuildit]

Originally Posted by lirette

Have to think the lowering of interest rates will build some momentum towards some of these projects getting off the ground. Interesting tidbit from the election that Holt is looking to follow NS & PEI with removing provincial HST on new multi unit housing developments.

Removing the HST could be helpful, but the Liberals are also promoting that they will implement rent caps. HST is a one time development expense; whereas, rent caps can negatively impact an investment year over year and also greatly diminish capital out upon refinancing, meaning less money to build more. Also, of more importance are NB insane property taxes that are 2x NS.

[Dieppe98]

Originally Posted by Leroy321

Dormitories
Stage: pre design
Start date: apr 2026
Funding: state/province
Value: $12,000,000
Work type: alteration
Building type: educational
This is interesting I wonder where this will be?

The CC page for the project says Sackville (https://canada.constructconnect.com/dcn/...ada/3114CC3D-DDE4-42DD-A781-C1D8DF9C2829). Probably another MtA renovation.

[Dieppe98]

Originally Posted by Leroy321

Apartments
Stage: design development
Start date: apr 2025
Funding: private
Value: $20,000,000
Work type: new
Building type: residential
Could this be infinity or St. Bernard square?

Probably St. Bernard

Originally Posted by Leroy321

Retail Stores, Apartments, Townhomes
Stage: design development
Start date: May 2025
Funding: private
Value: $33,800,000
Work type: new
Building type: residential
Could this be the Downing Street redevelopment? May 2025 seems soon we could see a proposal really soon if so

Could this be Infinity? The CC page was last updated 28th Feb 2024 though, so not much activity on there

[Photo1]

Wasn't sure where to put this...but holy cow that building they put up on Mountain Road across from Bromley Ave. went up fast!

It's at it's full height, even the individual apartment patios are on the outside.

[new kid in town]

Moncton in position to benefit from changes to global economy: report
University of Waterloo analyst says Moncton is ideally located for future investment in logistics, distribution and transportation

Source: https://tj.news/moncton-miramichi/moncto...it-from-changes-to-global-economy-report

[MonctonRad]

I was just about to post about this.

Here are a few excerpted quotes from the (paywalled) article:

Moncton’s industrial parks have grown tremendously over the last 60 years, putting the city in a unique position to benefit from future changes to international trade, analyst Brock Dickinson said in a presentation to government and business leaders Thursday.

He focused of the decade from 2012-2021 to show how rapid the expansion in the industrial parks has been.

Dickinson said MID sold 67 sites to private companies between 2012 and 2021. Many of the sites now have businesses directed to trucking, warehousing and distribution. There are others related to manufacturing.

In a typical year, new construction activity on these sites totals about $19 million. The construction to develop these lots generates more than $40 million in economic activity every year, creating 164 jobs in New Brunswick and another 54 jobs across Canada.

In 2021, he said, these 67 sites employed 1,757 people in Moncton as a direct impact, and created another “indirect” 734 jobs in the province and 461 jobs elsewhere in Canada.

the Hub City is strategically located at the crossroads of the Trans-Canada Highway and the national railroad lines that run between the port of Halifax and the industrial centres to the west. Moncton also has an international airport where cargo airlines can connect with big trucks to carry products to the next step of their journey. As Moncton’s industrial parks have grown, they have become part of a growing transportation and logistics industry.

He said land sales and development have spiked over the last 10 years. The Moncton and Caledonia industrial parks are now essentially full and MID is now working to establish two more industrial parks.

He finished off by pointing out that things are evolving so rapidly that new lots in the industrial parks not already built are being spoken for. We already know this. In particular, there are two very large pieces of land in the MID West Park awaiting infrastructure to be built.

[Monctoncore]

There seems to be some jealousy over on NB retail talk about all this. I always find Facebook so entertaining for that reason.

[MonctonianSentinel01]

Originally Posted by new kid in town

Source: https://tj.news/moncton-miramichi/moncto...it-from-changes-to-global-economy-report

Nice catch, thanks for posting.

This is exciting that Moncton's growth will continue into the future. I wonder how many more industrial parks will be needed or where they might build them?

[MonctonRad]

Originally Posted by MonctonianSentinel01

This is exciting that Moncton's growth will continue into the future. I wonder how many more industrial parks will be needed or where they might build them?

1) They are preparing a new industrial park to the east of Shediac Road south of the TCH, and across from the Moncton airport. Lots have already been sold.
2) They are tripling the size of the MID West Industrial Park, with Horsman Road to be extended to DeLong Drive. Lots have already been sold.
3) MID has apparently bought land along the north side of the TCH between Mapleton and McLaughlin for a future industrial park.
4) The Dieppe Industrial Park is expanding to the east of the main YQM runway. Aviation Blvd is being extended.

[MonctonianSentinel01]

Originally Posted by MonctonRad

1) They are preparing a new industrial park to the east of Shediac Road south of the TCH, and across from the Moncton airport. Lots have already been sold.
2) They are tripling the size of the MID West Industrial Park, with Horsman Road to be extended to DeLong Drive. Lots have already been sold.
3) MID has apparently bought land along the north side of the TCH between Mapleton and McLaughlin for a future industrial park.
4) The Dieppe Industrial Park is expanding to the east of the main YQM runway. Aviation Blvd is being extended.

Correct. I assume that one day, in between the Trans-Canada and Champlain street, that it will be all filled in. In Moncton, I can see most of the land from the railyard to the THC and Salisbury road filled in as well. Will we need more though? I find it really interesting that we might have a little industrial boom coming up, down the road, something by the likes that we have never seen before.

[MonctonGoldenTri]

Originally Posted by Monctoncore

There seems to be some jealousy over on NB retail talk about all this. I always find Facebook so entertaining for that reason.

Indeed, some individuals are still living in the 80's (in their mind). Have they not looked at any stats over the last 25 years? GDP, Building permits, Population etc?

Every year during our Atlantic meetings when I talk to any SJ'ers they always boast about SJ;

• "we're the biggest"
  "we're the NB's economic driver"
  "The architecture!"
  "Did I mention the architecture?"
  "SJ is such a beautiful city! The architecture!"

I'll just smile, nod and reply, yup Saint John is great!

These comments are usually random and unsolicited. It's almost like they are compelled to lie and pretend like we're still in the 80's. It's like that High school friend that awkwardly keeps talking about the good old days!

Both Fredericton and Charlottetown have had significant growth and you hear absolutely ZERO boasting from those individuals.

[KnoxfordGuy]

Those who have it, don't need to prove it haha

[MonctonGoldenTri]

Originally Posted by KnoxfordGuy

Those who have it, don't need to prove it haha

Indeed!

[Sunnybrae]

Just curious. Is there any website a person can check to see how many new apartment units have been created in Moncton is the past year or two? I can find housing starts but not apartments specifically.

[Sunnybrae]

ooops Never mind! Found it on CMHC website.

[MonctonRad]

City of Moncton press release:

Moncton Sees Steady Growth in Building Permits

The City of Moncton continues to see robust development activity, with building permit data for the third quarter of 2024 reflecting substantial growth across residential, commercial, and industrial sectors. From July to September, the city issued a total of 346 building permits, representing a total construction value of $84.3 million.

This quarter's performance contributes to an impressive year-to-date total of $232.9 million in building permit value – a remarkable 34 per cent increase compared to the same period in 2023, which saw $173.3 million.

Residential construction continues to dominate, representing 67 per cent of the total permit volume in the third quarter, amounting to more than $56.7 million. This surge in housing development added 370 new residential units to Moncton’s housing market. Significant projects include a $17.3-million, 135-unit apartment building at 290 Millennium Blvd. and a $12.3-million, 59-unit apartment complex at 2500 Mountain Rd.

“Moncton’s sustained development confirms our community’s attractiveness for residents, businesses, and investors alike. With our housing market expanding and key institutional and commercial projects in the works, our city continues to grow in a positive way,” says Moncton Mayor Dawn Arnold. “These numbers reflect Moncton's ongoing progress as a leading city in Atlantic Canada.”

Institutional and government infrastructure investments saw steady growth in the third quarter, with a total value of $5.7 million. A key project includes the $1.5-million conversion of the warehouse/office building at 210 Millennium Blvd. to accommodate the new Eastgate private school.

Commercial and industrial projects continue to drive the city’s economic expansion, representing 22 per cent of the building permit volume for the third quarter, amounting to more than $18.6 million. Notable projects include the construction of a $6.5-million, 38,500 sq. ft. warehouse at 35 Loostouk St. for Kerr Controls and a future commercial tenant, along with a $3.6-million office/warehouse building for ET Transport at 825 Frenette Ave.

“The building permit activity in the third quarter of 2024 reinforces Moncton's standing as a dynamic hub for investment,” says Kevin Silliker, the City of Moncton’s director of economic development. “Our residential and commercial sectors are seeing significant growth, helping us meet the demand for housing and infrastructure. We are proud to support projects that will enhance Moncton's economic vitality and quality of life for years to come.”