Coast Guard site development continues as a work in progress
Published Monday May 26th, 2008
Construction: The project is expected to include a 130-room hotel and a 36-unit condominium tower
C3
BRUCE BARTLETT
TELEGRAPH-JOURNAL
SAINT JOHN - Plans to develop the Coast Guard site on the waterfront next to Market Square are inching forward, even though the final deal with Ottawa has yet to be inked.
Development on the Coast Guard site on the Saint John waterfront will change the city’s look forever.
Colliers International, a realty firm, has been hired to assist the city in structuring the deal with the Hardman Group, which will oversee construction once the land is finally transferred into city ownership, said Ross Jefferson, of the Saint John Waterfront Development Corporation.
In March, city manager Terry Totten announced an agreement had been reached with the federal government to purchase the land after eight years of on-again, off-again talks. The city chose the Hardman Group to oversee development, which is expected to include a 130-room hotel, a 36-unit condominium tower and an underground pedway connection to Market Square, in the first phase.
Totten was unwilling to comment on the status of negotiations with Ottawa until he has time to brief the new council.
"I don't want to get out in front of them," he said. "I want to be courteous to them."
Jefferson, who is overseeing the work on the other end of the project, with the Hardman Group through Colliers International, had a few more details, but said it is still a work in progress.
"We do expect this summer to start the public consultation on the public spaces which would include Loyalist Plaza and Harbour Passage," he said.
At that time there should also be a more detailed revision of the plans first proposed by the Hardman Group for the public to examine, he said. It will still be a pre-development design proposal but will give people a clearer idea of what it might look like.
"It will focus in on the details of the public spaces and the logistics of how traffic will work, and how pedestrian traffic will work through the site," he said.
By September, the details of the deal between the city and the Hardman Group will be worked out and the public consultation on that phase will be completed, he said.
All the options are still on the table as to whether the city will sell the site to Hardman or make some type of long-term lease arrangement.
Although no details have been revealed about how much the city will pay for the site, it was confirmed earlier by Totten to be in the vicinity of the $3.4 million set aside in the capital budget for the project.
In the long-term, having new buildings in the city centre will increase the property tax collected each year.
The Coast Guard site is just one of three major projects announced, or under construction for the waterfront area, that will substantially change the look of city. Work is now underway on the cruise ship terminal and John Rocca is currently selling condominiums to be built on nearby land between Prince William and Water Streets.
The Rocca project, worth $25 million, is to be constructed in two phases, with one building rising four floors above Prince William Street and the other rising six storeys. There will also be townhouses on Water Street. A sample suite will soon be open for viewing by people who have registered with the company.
More information on the project is available at
www.harbourfrontnb.com.