Granite Centre On Track To Become ‘The Dartmouth Crossing Of New Brunswick’
SAM MACDONALD, Huddle:
https://huddle.today/2022/07/06/gran...new-brunswick/
Lots of hyperbole in this headline, but there are some very interesting nuggets in the article, including, surprisingly, a statement that they feel full phase one build-out will be completed by the end of 2024.
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Construction is underway for a new, 6,000-square-foot building at the southeast corner of the site near Elbow Drive, and negotiations are in the works for a 4,500-square-foot, sit-down restaurant at the southeast end of the property.
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This is essentially confirmation that "Plaza 4" will be a sit down restaurant, almost certainly
Denny's.
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Hennessey told Huddle that 16 tenants are coming to the retail plaza, where Costco is its largest anchor business.
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16 tenants is more than the number of tenants already announced. By my count, there are 14 tenants already present or announced (including Costco). This means more announcements will be made in the near future.
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The developers are also in negotiations with two retail tenants looking for a 40,000-square-foot berth each at the Granite Centre.
Hennessey couldn’t release any names but noted each new business, if they sign leases, would require new construction located on the north side of Granite Drive. With those built, the plaza would include 12 separate buildings.
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40,000 sq ft units = big box retailers. I wonder who these might be???
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further developments on still-vacant land in the west portion of the property near Costco aren’t off the table. However, those are considerations are for after 2024, once the first phase for the Granite Centre is complete.
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