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Posted Jul 11, 2009, 4:38 PM
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Join Date: Jun 2006
Location: Grand Bay-Westfield :: NB
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Dieppe development nears completion
Loft-style apartment complex a split between residential, retail worlds
GREG AGNEW/TIMES & TRANSCRIPT
The recently completed Le Nuvo, a split residential/retail building on Av. Principale-Ouest in Dieppe, was developed by the Frederic Group and is part of phase one of Uptown Dieppe. The project is an urban development initiative which combines high-end residential and retail buildings into one neighbourhood.
Published Saturday July 11th, 2009
D2
BY JAMIE ROSS
TIMES & TRANSCRIPT STAFF
There's a new building in Dieppe that will combine the urban shopping experience with high-end two-story lofts.
"It's quite unique in terms of design layout and concept," said Valdo Grandmaison, president of the Frederic Group. "It's a product you'd find in Central Canada and out West."
The development has been dubbed Le Nuvo, and the building will feature retail stores on the ground floor and nine loft-style apartments on the second flood, accessible by stairs.
It's located at 3331 Av. Principale-Ouest in Dieppe.
The mixed-use building boasts more than 20,000 square feet of residential space and more than 15,000 square feet of retail space.
The open concept apartments will have 21-foot ceilings with living space ranging from 11,000 to 14,000 square feet.
Construction on the building has been going on for about a year, and workers are just putting the finishing touches on it now, said Grandmaison.
He said vacant spaces haven't been marketed yet, but the group plans to rent the apartments for $1,050 per month.
Each apartment has two bathrooms.
The building is part of the Uptown Project in Dieppe, an initiative to turn the area into a lively and dynamic eco-community.
Grandmaison said the goal is to create high-density, ecological developments near one another to provide residents with all the services they need without having to drive anywhere to get them.
"So you can shop go to the gym, the pool, connect to a walking trail for a jog, and it's all within walking distance," he said. "You should be able to access all services within the same development. We want a neighborhood that's self-supporting.
This type of suburban lifestyle that has people living right on Main Street has been increasingly popular across North America over the past five years, he said, adding about 80 per cent of all retail centres built across the continent have followed a similar theme.
The Frederic Group is also in the process of building two other apartment buildings next door the Le Nuvo.
Those buildings should be done by May 2010, Grandmaison said.
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Metro Moncton workforce expands
Unemployment rate shows slight increase but officials say job numbers already improving
Published Saturday July 11th, 2009
D2
By Mary Moszynski
Times & Transcript Staff
Source: Times & Transcript
FREDERICTON - More people are living and working in Metro Moncton compared to last year, according to the latest figures from Statistics Canada.
The labour force in the Moncton-Richibucto region grew to 114,800 last month, up from 111,400 in the previous June. Of those people, 105,000 were employed -- an increase of 2,500 from the previous year.
However, the unemployment rate also increased slightly to 8.5 per cent, up from eight per cent.
Kevin Silliker, business development officer for the City of Moncton, said the increase in the unemployment rate isn't too worrisome.
"That's not too concerning or too surprising. What we're experiencing is more people moving into the region and seeking work and, at this point, it takes a while for them to enter the labour market so that can bump up our unemployment rate on the short-term," he said.
Silliker said a recent study ranked Moncton as the fifth-hottest job market in Canada right now and pointed out that 30 per cent of employers planned on hiring over the next couple of months.
"I would say that we actually right now our condition is improving. These employment numbers are strong and the building permits that we're seeing right now in this construction period are very strong."
Silliker said he expects the figures to remain strong in the coming months.
"The diversification of our economy is a big reason why we're able to sustain these kinds of challenges while other centres are suffering economically."
Provincially, employment rose by 2,000 and the unemployment rate dropped slightly compared to last year. However, the month-to-month figures show that June's unemployment rate jumped to 9.2 per cent, up 0.4 per cent from May. The labour force jumped by more than 3,000 people.
Labour Minister Donald Arseneault said the numbers show government's plan to weather the economic uncertainty is working.
"If you look year-over-year, New Brunswick is the only province in Canada that had a reduction in their unemployment rate. It shows that the plan that we put forward is actually working," he said.
Nationally, the unemployment rate edged up to 8.6 per cent.
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Dieppe continues growth
Published Wednesday July 8th, 2009
C2
Times & Transcript staff
Source: Times & Transcript
Dieppe's residential sector continues to show growth in 2009, with 74 building permits for residential construction worth $4.7 million issued last month.
The month of June saw a total of 82 permits for construction worth in excess of $6.8 million issued by the Dieppe Building Inspection Department.
Seven permits were for commercial projects totalling $1.5 million and one for institutional work valued at $600,000.
This brings the total worth of construction projects to date in 2009 at slightly more than $25.8 million.
"It is evident that the residential sector is in the forefront of activity," said Dieppe Mayor Jean LeBlanc.
"These figures indicate that Dieppe will experience much more development growth in the next few months," he said.
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