[Moncton] Downtown Developments - Page 314

Riberview · #**6261** Posted **Jul 22, 2022, 8:53 PM**

Quote:

Originally Posted by jonny golden

Who are ICON Developments? Is this a Moncton company, or are they from out of province?

There is a name for a project manager here for a company named Icon Development...

But that's all I have found..

riverviewer · #**6262** Posted **Jul 22, 2022, 9:15 PM**

I found the Project Manager for a company in Moncton named ICON Development as of January 2022

https://ca.linkedin.com/in/phil-ripley-ptech-809a8371

there is no link to anyone else at his company. The company link in Linkedin links back to him.

pierremoncton · #**6263** Posted **Jul 22, 2022, 10:15 PM**

Found this render from Design Plus. Seems to fit the Harper St parcel. Is this one of the old abandoned iterations from Valmond Robichaud, or is it new?

Source:
https://www.designplus.pro/projets/seafaring-wx9rl

NBNYer · #**6264** Posted **Jul 22, 2022, 10:34 PM**

Quote:

Originally Posted by pierremoncton

Found this render from Design Plus. Seems to fit the Harper St parcel. Is this one of the old abandoned iterations from Valmond Robichaud, or is it new?

Source:
https://www.designplus.pro/projets/seafaring-wx9rl

This is the old Double Tree hotel proposal from several years ago that never materialized.

jonny golden · #**6265** Posted **Jul 22, 2022, 11:09 PM**

Did the City ever expand the footprint for the downtown development incentive? I think when Valmond proposed this hotel, the property didn't qualify for the tax credit but the City was considering expanding the program.

MonctonRad · #**6266** Posted **Jul 22, 2022, 11:40 PM**

Quote:

Originally Posted by jonny golden

Did the City ever expand the footprint for the downtown development incentive? I think when Valmond proposed this hotel, the property didn't qualify for the tax credit but the City was considering expanding the program.

They did, to no avail however. Valmond's proposals went nowhere.

I think it's safe to say the Valmond has abandoned the Harper Building property. Icon (whoever they are) must have picked it up. Since this company is an unknown quantity, I have little hope for anything significant in the short term.

jonny golden · #**6267** Posted **Jul 23, 2022, 4:50 PM**

Quote:

Originally Posted by MonctonRad

They did, to no avail however. Valmond's proposals went nowhere.

I think it's safe to say the Valmond has abandoned the Harper Building property. Icon (whoever they are) must have picked it up. Since this company is an unknown quantity, I have little hope for anything significant in the short term.

It certainly appears that Valmond has moved on from any possibility of developing this property. But why would ICON Developments erect that sign? One would think that they must have some kind of a plan for the land, right?

bam63 · #**6268** Posted **Jul 24, 2022, 1:50 AM**

Quote:

Originally Posted by MonctonRad

Not St. Bernard's Square either. That proposal is quite literally burnt toast. The property has a new owner, and the development incentives have been transferred to this new owner, but there is no indication if, when, or what may be built. I'm afraid that this property may lie fallow for years before anything is done - a real tragedy.

As for the project at hand, my source had no additional information, but, given the quality of the source he/she had been talking to, they were quite confident an announcement would be made sometime in the next few months.

Happened to be at an open house on Weldon street today and ran into the owner. He mentioned he had two upcoming projects. One of which is on a lot next to Bernard’s church consisted of 150 units over 12 floors.

jonny golden · #**6269** Posted **Jul 24, 2022, 2:01 AM**

Quote:

Originally Posted by bam63

Happened to be at an open house on Weldon street today and ran into the owner. He mentioned he had two upcoming projects. One of which is on a lot next to Bernard’s church consisted of 150 units over 12 floors.

That's what the Frederic Properties project was. Could the new owner simply be going to construct the same building?

MonctonRad · #**6270** Posted **Jul 24, 2022, 3:11 AM**

Quote:

Originally Posted by jonny golden

That's what the Frederic Properties project was. Could the new owner simply be going to construct the same building?

One can only hope. St. Bernard Square is (was) a class development. It sounds like it might still be in the cards. Certainly all the preliminary design work has been done, and the development incentives have been transferred to the new owner. This would save a lot of time and expense for the proponent. Perhaps our intrepid Huddle reporter could ask the developer some questions in this regard.

BaseballFan · #**6271** Posted **Jul 29, 2022, 4:28 PM**

Quote:

Originally Posted by jonny golden

It certainly appears that Valmond has moved on from any possibility of developing this property. But why would ICON Developments erect that sign? One would think that they must have some kind of a plan for the land, right?

This is Jamie Shea. The property appears to have been acquired via transfer of shares (ie, the property is not going to show up "green" in SNB PAOL).

MonctonRad · #**6272** Posted **Jul 29, 2022, 5:13 PM**

Quote:

Originally Posted by BaseballFan

This is Jamie Shea. The property appears to have been acquired via transfer of shares (ie, the property is not going to show up "green" in SNB PAOL).

I did a quickie internet search (nothing deep or intensive) and I see that he has been involved in several apartment construction projects over the last decade or so.

This makes sense. Valmond was big into getting a government office, or a hotel chain into his "Harper Building" project. This came to naught, and currently the commercial and hotel markets in the city are pretty flat. I doubt there will much of any construction in these sectors for the next 5-7 years or so (unless someone choses to move their head office here from central Canada).

It is more likely we might see a substantive apartment or condo building in this location, perhaps mixed use with ground level retail/commercial. This would be more up Jamie Shea's backyard..........

BaseballFan · #**6273** Posted **Jul 29, 2022, 5:25 PM**

Quote:

Originally Posted by MonctonRad

I did a quickie internet search (nothing deep or intensive) and I see that he has been involved in several apartment construction projects over the last decade or so.

This makes sense. Valmond was big into getting a government office, or a hotel chain into his "Harper Building" project. This came to naught, and currently the commercial and hotel markets in the city are pretty flat. I doubt there will much of any construction in these sectors for the next 5-7 years or so (unless someone choses to move their head office here from central Canada).

It is more likely we might see a substantive apartment or condo building in this location, perhaps mixed use with ground level retail/commercial. This would be more up Jamie Shea's backyard..........

Jamie is a solid developer with a lengthy track record, with is great news for the site. The east end of Main Street is under developed and deserves a couple of signature buildings.

josh_cat_eyes · #**6274** Posted **Jul 29, 2022, 6:19 PM**

Quote:

Originally Posted by BaseballFan

Jamie is a solid developer with a lengthy track record, with is great news for the site. The east end of Main Street is under developed and deserves a couple of signature buildings.

It’s nice seeing other developers get involved, for a while it seemed if things were’t being built by ashford or thrive than they weren’t getting built. Ditto for APM in Charlottetown.

jonny golden · #**6275** Posted **Jul 29, 2022, 7:45 PM**

It's a good sized lot, so let's hope they do something substantial with it. We really need a signature development here, as this is a very prominence location. The lot is much larger than the St. Bernard's Square lot, so there's a genuine opportunity to make a splash.

MonctonRad · #**6276** Posted **Aug 3, 2022, 5:12 PM**

A portion of Main Street apparently is to be partially closed today to allow for sign installation at the Higgins Block

T&T photo

They didn't say in the article, but I wonder if this is for the Harvest restaurant?

jonny golden · #**6277** Posted **Aug 5, 2022, 2:31 PM**

This morning they were working on the exterior of the Flat Iron Building on Main Street. I know it recently sold for $102,000 so lets hope the new owners are successful in breathing new life into the building. Being vacant for so long, one would think that there'd be a lot of work required to refurbish it. I wish them good luck.

MaritimerJAB · #**6278** Posted **Aug 5, 2022, 3:57 PM**

Quote:

Originally Posted by jonny golden

This morning they were working on the exterior of the Flat Iron Building on Main Street. I know it recently sold for $102,000 so lets hope the new owners are successful in breathing new life into the building. Being vacant for so long, one would think that there'd be a lot of work required to refurbish it. I wish them good luck.

I spoke to the new owner directly. He wishes to convert the flat iron to modern office space and wants the subway block as well. He was suppose to have reached out to the blocks current ownership to see if they would be willing to off load the property so he can develop that building as well.

jonny golden · #**6279** Posted **Aug 5, 2022, 5:20 PM**

Quote:

Originally Posted by MaritimerJAB

I spoke to the new owner directly. He wishes to convert the flat iron to modern office space and wants the subway block as well. He was suppose to have reached out to the blocks current ownership to see if they would be willing to off load the property so he can develop that building as well.

It would really help this developer if the market for downtown office space would strengthen. If these buildings could be brought back to life, it would be great for downtown Moncton. Being in such a prominent location they've been vacant far too long.

MonctonRad · #**6280** Posted **Aug 5, 2022, 5:58 PM**

Quote:

Originally Posted by jonny golden

It would really help this developer if the market for downtown office space would strengthen. If these buildings could be brought back to life, it would be great for downtown Moncton. Being in such a prominent location they've been vacant far too long.

I think the rehabilitation of the Higgins Block has shown what can be accomplished with an enthusiastic and dedicated developer and property owner.

The trouble with the Flat Iron Building and the Subway Block is that they lies in that two block section in the middle of downtown Main Street which has badly gone to seed. Both of these buildings should be redeveloped at the same time to give the critical mass so that they can both succeed. It would also help if city hall could make redevelopment of this entire two block segment of Main Street a critical downtown priority.