Official Fredericton, NB projects thread - Page 275

OliverD · #**5481** Posted **Jan 21, 2014, 3:27 AM**

Quote:

Originally Posted by RealEstateGuy

the Condominium located at 700 Union street was Auctioned off last Thursday. I believe the remaining 13 Units went in the Auction. Hopefully they will sell quickly....

So I'm assuming phase two won't happen anytime soon?

RealEstateGuy · #**5482** Posted **Jan 21, 2014, 1:02 PM**

I wouldn't think so. The gentlemen who bought it was the person who was the mortgagee originally and called the loan in from my understanding.

Blue Blazer · #**5483** Posted **Jan 21, 2014, 2:52 PM**

Nice If i would have known that i would have thrown a few bids in. Anything to make that union street look better

Bishop2047 · #**5484** Posted **Jan 21, 2014, 3:44 PM**

http://www.foxrocks.ca/news/story.aspx?ID=2114060

Another good year for YFC.

Freddypop · #**5485** Posted **Jan 21, 2014, 5:14 PM**

Quote:

Originally Posted by Bishop2047

http://www.foxrocks.ca/news/story.aspx?ID=2114060

Another good year for YFC.

Actual 2013 number is 297,867..approx 15,000 new passengers

RealEstateGuy · #**5486** Posted **Jan 21, 2014, 7:02 PM**

I believe from one of my sources bid was just shy of $1.9 Million.

Quote:

Originally Posted by Blue Blazer

Nice If i would have known that i would have thrown a few bids in. Anything to make that union street look better

OliverD · #**5487** Posted **Jan 21, 2014, 7:18 PM**

Quote:

Originally Posted by RealEstateGuy

I believe from one of my sources bid was just shy of $1.9 Million.

Or about $145k per unit. Pretty cheap.

RealEstateGuy · #**5488** Posted **Jan 21, 2014, 10:35 PM**

I agree, as the mortgagee it only made sense for him to buy them himself and sell them at a discounted price. It will hopefully sell fast and get rid of an inventory of 75+ Condos for sale in the city.

Quote:

Originally Posted by OliverD

Or about $145k per unit. Pretty cheap.

Freddypop · #**5489** Posted **Jan 23, 2014, 11:58 AM**

Conversion of the Lakeview Inn and Suites on Prospect West to a Holiday Inn Express has begun. Will remain open during renos that will last approx. 5-6 months.

OliverD · #**5490** Posted **Jan 24, 2014, 3:13 PM**

There's a new residential development off of Woodstock Road just outside of the city. Interestingly, it will be on a private water/sewer system which I am always skeptical of:

Quote:

Welcome to One Tree Orchard! A complete community with strong emphases on the preservation and enhancement of the natural beauty and ecological diversity of the development. This development offers the opportunity to live in a sustainable community offering central water supply, community gardens in each phase, a conservation area (approximately 104 acres) and Community Covenants. Every home owner will get a free energy/electrical home design. This is truly a unique opportunity to be part of a local community that will be preserving the beauty of the land and ecosystem while maintaining and owning your home and land.

Also, noticed some activity at another location on Woodstock Road where someone tried to build a townhouse development about 10 years ago. They poured the footers for the first phase but nothing happened beyond that. The lot was sold earlier this year for $550k.

RealEstateGuy · #**5491** Posted **Jan 25, 2014, 7:02 PM**

The Property that was bought earlier this year for $550K is going to be known as Townhouses at Silverwood. there will be 20 Units total with Prices starting at $199,000.00, I believe they are Pre Fab homes from Maple Leaf. first ten will be in and ready to go in about a months time.

Quote:

Originally Posted by OliverD

There's a new residential development off of Woodstock Road just outside of the city. Interestingly, it will be on a private water/sewer system which I am always skeptical of:

Also, noticed some activity at another location on Woodstock Road where someone tried to build a townhouse development about 10 years ago. They poured the footers for the first phase but nothing happened beyond that. The lot was sold earlier this year for $550k.

KnoxfordGuy · #**5492** Posted **Jan 25, 2014, 7:03 PM**

I see Reitmans is closing in Kingsplace. Lot of places closing in there. I wonder why? Kinda sad.

Bishop2047 · #**5493** Posted **Jan 26, 2014, 12:48 AM**

The Dairy Queen and the new KFC are open at the Oromocto exit.

OliverD · #**5494** Posted **Jan 27, 2014, 3:24 PM**

Quote:

Originally Posted by RealEstateGuy

The Property that was bought earlier this year for $550K is going to be known as Townhouses at Silverwood. there will be 20 Units total with Prices starting at $199,000.00, I believe they are Pre Fab homes from Maple Leaf. first ten will be in and ready to go in about a months time.

That's an odd spot for townhouses.

Metal framing for the new Irving in Hanwell started going up last week.

KnoxfordGuy · #**5495** Posted **Jan 27, 2014, 4:54 PM**

Has anyone seen how the development behind the old shie factory is going on York? Haven't been down in that area for months.

cl812 · #**5496** Posted **Jan 27, 2014, 5:18 PM**

Last I was by the first floor was nearly finished.

OliverD · #**5497** Posted **Jan 29, 2014, 2:33 PM**

From the Fox:

Quote:

It's official, Fredericton's new tallest building will be on Queen street. A nine storey, 48 unit mixed-building has been approved, after City Council passed third reading of a by-law to increase the allowable building height from 12 meters to 29.3 metres--making it the tallest building downtown.

KnoxfordGuy · #**5498** Posted **Jan 29, 2014, 3:09 PM**

Is that the new condos?

Edit: Emporis says the NB Power building is 40m. It's still going to be the tallest.

Taeolas · #**5499** Posted **Jan 29, 2014, 4:12 PM**

That's the new building between the Legion and Westpoint. Regardless on if it is the tallest or not, it's still going to be a big impact on the Freddy Skyline. I'm looking forward to seeing it go up.

Now if only we could get TDTower2 built....

OliverD · #**5500** Posted **Jan 29, 2014, 5:54 PM**

Quote:

Originally Posted by KnoxfordGuy

Is that the new condos?

It's a mixed use building with a ground floor restaurant, second floor offices, and the rest rental apartments.