[Moncton] Infinity | Harper & Main & Bateau | 104m | 30 Storeys | Proposed - Page 26

MonctonRad · #**501** Posted **Apr 3, 2026, 5:18 PM**

I find the wording of the announcement interesting:

ICON refers to the 16T tower crane as "theirs."

This suggests that they actually own the crane.

This places then in a select small group of development companies that actually own their own tower cranes. This includes ICON, Lafford and CG Group. Other companies lease their tower cranes on a project specific basis.

Actually owning your own crane changes the mindset of a development company. If you own a tower crane, then it is an asset that you want to keep busy. If on the other hand you lease a tower crane, then it becomes a liability (or cost centre) that you will only use sparingly and when you really need to.

This is an important distinction between truly serious players in the development game and more casual developers. Do you own or rent???

Look at the evidence:

Lafford used their tower crane sequentially for the construction of all Three Sisters, them moved the crane across the street for the two Gateway Towers. Once Gateway is complete, I strongly suspect the crane will move to the Tim Horton's property on Albert Street. Lafford will keep this owned asset busy.

CG Group has been using their tower crane sequentially for all nine major apartment buildings in the Franklin Yards. Now that Franklin Yards is winding up, they plan to move immediately on to the five apartment building development on Corey Craig Drive next to the casino. again, CG Goup plans to keep this owned asset busy. I wonder if they have something else in the pipeline after Corey Craig???

ICON used their tower crane to build the first two buildings in their Pine Ridge development in Riverview. Now it is being moved across the river for the Infinity Tower development in Moncton. Once this is complete, I have confidence that ICON will quickly deploy the crane for another development, either the third apartment building at Pine Ridge, or, perhaps more likely to Dominion Street, for the second apartment building on that site (rumoured to be a 17-18 storey tower).

If you own the asset, you want to keep it busy.

Moncton is very lucky to have three very serious development companies in the community. These are the really big players. Other companies like Ashford are capable of financing and building major projects, but operate with a different mindset and on a different level.

Leroy321 · #**502** Posted **Apr 3, 2026, 7:25 PM**

- Lafford owns two tower cranes
- ICON owns two tower cranes plus a mini one
- CG rents there tower crane from Lancor Concrete I am pretty sure

MonctonRad · #**503** Posted **Apr 4, 2026, 2:59 AM**

Quote:

Originally Posted by Leroy321

- Lafford owns two tower cranes
- ICON owns two tower cranes plus a mini one
- CG rents there tower crane from Lancor Concrete I am pretty sure

- I 100% knew Lafford owned his own cranes (Gateway Towers and The York projects).
- I was about 95% certain that ICON owned at least one crane.
- I was less certain about CG Group. but, given their assembly line style of construction and sequential projects in the development pipeline, I thought it a reasonable guess. CG is emulating Lafford. Perhaps they should consider purchasing a crane too (to save money over leasing costs).

If ICON owns two tower cranes (as you say), I wonder if they would consider building both the Infinity Tower and the Dominion Street projects at the same time???

Leroy321 · #**504** Posted **Apr 5, 2026, 8:45 PM**

quite a large stock pile of tower crane components are being stored on the Pineridge site where they were suppose to build the third phase. That must be one of the reasons they held back on the last phase.

EnvisionSaintJohn · #**505** Posted **Apr 5, 2026, 9:31 PM**

Can’t wait to see this project get built… if any one single project will motivate the Saint John region to build bigger, bolder, and higher, this should be the one ⬆️

This project will quite literally put NB “on the map”… at least in the realm of SSP, and hopefully will be the harbinger of similarly ambitious projects to pop up across the skylines of NB’s big three into the future.

Mattyyy · #**506** Posted **Apr 8, 2026, 2:40 PM**

Any sign of this crane moving??

Leroy321 · #**507** Posted **Apr 8, 2026, 3:06 PM**

Quote:

Originally Posted by Mattyyy

Any sign of this crane moving??

I’m not 100% sure but I think it will be stored here until it’s ready to go to Infinity.

MonctonRad · #**508** Posted **Apr 8, 2026, 4:47 PM**

Quote:

Originally Posted by Leroy321

I’m not 100% sure but I think it will be stored here until it’s ready to go to Infinity.

Makes sense. There's a lot of site prep that has to happen at the infinity site first. I doubt we will see the crane going up until the fall.

MonctonRad · #**509** Posted **May 19, 2026, 4:51 PM**

It is now nearly the third week of May and there si still no obvious activity on the Infinity Tower site.

Also no activity at St. Bernard Place either. I thought they were raring to go once spring occurred?

Monctoncore · #**510** Posted **May 19, 2026, 5:16 PM**

They just got the crane down in Riverview. So they may have been waiting on that or some work they were finishing up there. I drove by this weekend and they were still doing a lot of work.

Leroy321 · #**511** Posted **May 25, 2026, 5:16 PM**

Quote:

Originally Posted by MonctonRad

It is now nearly the third week of May and there si still no obvious activity on the Infinity Tower site.

Also no activity at St. Bernard Place either. I thought they were raring to go once spring occurred?

My guess would be that St. Bernard Place is waiting for the crew and the mini tower crane from Bathurst. I'm surprised how slow Amico has been on that site, maybe material delays or such.

I'm surprised how quiet Infinity has been, other than Buck17 confirming the tower crane is heading there. Hopefully, we will get a late spring/early summer start, but this project will take quite some time to rise from the ground, as I assume the piles will take 6 months to a year to fully do.

This year is shaping up to be a big year for downtown Moncton, but hopefully we can see something more than 4-6 storey buildings

MonctonRad · #**512** Posted **May 25, 2026, 5:43 PM**

I'm not usually an impatient Nelly, and I understand how complicated it can be to organize a new building site so that construction can begin, but, it is just so damned frustrating, and I can't help being concerned that there are underlying reasons for the delays (such as structural weakness in the economy) that are beyond the developers control, and that can make such things as financing vulnerable.

Basically I am concerned that the 25 year long boom in greater Moncton may be running out of steam.

Leroy321 · #**513** Posted **Jun 20, 2026, 1:16 AM**

They were mowing the lawn today. This could be a sign they are ready to put stakes in the ground OR they just want their property to look somewhat presentable just like every summer even tho there’s been 5 steel beams sitting in the ground for the last 2 years.

MonctonRad · #**514** Posted **Jun 20, 2026, 1:39 PM**

Quote:

Originally Posted by Leroy321

They were mowing the lawn today. This could be a sign they are ready to put stakes in the ground OR they just want their property to look somewhat presentable just like every summer even tho there’s been 5 steel beams sitting in the ground for the last 2 years.

Well, we've officially jumped the shark.........

Ooooh, look, they've cut the grass!!!

I'm just kidding.

jonny golden · #**515** Posted **Jun 20, 2026, 2:32 PM**

I kind of think that ICON will make an announcement letting us know when they're starting. It's also possible that they're reworking their plans to lower the height due to market conditions. I know the rental market is still strong, but it's not blazing hot like it was 2-3 years ago.

Tone · #**516** Posted **Jun 20, 2026, 2:44 PM**

Dammit I was hoping for some activity on the site for my Moncton visit in a week, at least the grass will be cut as I can tell! JK