So here are the renders of what Valmond in currently proposing:
Of note is the fact that this is Valmond's
fourth proposal for this bit of land in the last 6-7 years. The first three proposals were all for residential projects, initially spectacular and exotic but gradually becoming more plebeian and generic with time.
I'm not sure what to make of this. I think Valmond has come to realize that the apartment/condo market in Moncton will likely be somewhat depressed for some time with Hall's Landing, Horizon Place and FiveFive Queen (as well as several smaller projects) all coming on line. There will likely be a couple of other significant projects upcoming in the west end in the next 2-3 years (Tannery Place at the Junction and a probable condo/apartment tower on the old Bay parking lot).
He might be better off looking at a hotel project, especially since Moncton has the best occupancy numbers east of Montreal. The question is - has he actually talked to any hotel chains or is he just throwing this proposal together in order to go fishing? I suspect the latter, especially since he lists the hotel as "8-14 floors", which shouts to me as being "will build to suit".
I won't hold my breath on this one, but I wish him well..........