Good news for west side
Published Monday May 2nd, 2011
Business: Ontario developer has plans for piece of land at corner of Catherwood St. and Fairville Blvd.
SAINT JOHN - A prime piece of west side real estate could soon become the site of new retail shops and restaurants.
An Ontario developer is lining up tenants for a parcel of land, 1,150 square metres in size, on the corner of Catherwood Street and Fairville Boulevard, and plans to start construction by as early as the fall.
SmartCentres, the company behind the Wal-Mart, Winners, Old Navy and other retail outlets on McAllister Drive, has received "strong interest" from retailers and restaurants to move into the west side lot, said Sandra Kaiser, a senior vice-president.
"It's a relatively small site, but there is a great deal of interest in it," said Kaiser, whose company is carrying out the leasing and development work on behalf of Retrocom, a publicly traded firm that bought the site from the real estate company Counsel Corp.
"We have support from the city to proceed, so we're looking forward to getting in the ground in the fall."
The west side has seen some recent construction in the retail sector, with the new Canadian Tire, Sobeys and Lawtons Drugs. And for years, there have been rumours of a hotel, more restaurants and even a Wal-Mart outlet.
Councillor Peter McGuire said speculation tends to run wild around the tables of the local Tim Hortons. For as long as he's been a councillor, there's been talk about whether Wal-Mart would set up shop in the area.
City hall, McGuire said, fueled speculation when it rebuilt sections of Catherwood Street and Fairville Boulevard, making west siders think "something big" was coming.
"On the west side, people would like to see a Wal-Mart," he said. "The interesting thing about west siders is they have an aversion to driving east to shop. They don't want to cross the bridge."
But the land that SmartCentres plans to develop is far too small for the global retailer, Kaiser said, stamping out any chance for further speculation.
The company has applied to rezone the property to make way for the commercial development and one of its officials is expected to appear before common council for a public hearing on May 24.
The proposed zoning would relax liquor licence requirements, which means that restaurants could open up with a bar on one side that serves food, similar to what Boston Pizza, East Side Mario's and Swiss Chalet have in their stores, said Mark Reade, a senior city planner.
Pending zoning approvals, SmartCentres would secure tenants in the summer before firming up designs and starting construction. There may be one or more buildings, depending on the clients.
"We would probably be looking at some retail and some restaurants," Kaiser said. "We do have strong interest, so we're very encouraged."
http://telegraphjournal.canadaeast.com/city/article/1402605