[Moncton] Downtown Developments

[josh_cat_eyes]

Originally Posted by Leroy321

I saw a recent comment on retail talk saying they heard from a business owner near that area that it was going to become a 15 story apartment.

Is there even space there for that? It’ll be mid rise at best, which is what small lots like these should have. Not every lot can be a giant building.

[MonctonRad]

Originally Posted by josh_cat_eyes

Is there even space there for that? It’ll be mid rise at best, which is what small lots like these should have. Not every lot can be a giant building.

Just the old Timmies drive thru only, no, there would not be room, but Lafford does think big, and, perhaps he has access to additional land on this site.

The property does extend all the way through from Albert to Waterloo streets, and, there is an adjacent city owned laneway (Horton Lane) which could be incorporated into the property.

The Chris Rock Tavern is right next door, and, immediately to the east there is La Factrie coffee shop. There is then just a short hop and skip to the Three Sisters with the ReMax building in between. If Lafford does build something here, then we would be a lot closer to significant gentrification of the eastern end of Albert Street.

[BlackYear]

Originally Posted by MonctonRad

If Lafford does build something here, then we would be a lot closer to significant gentrification of the eastern end of Albert Street.

Now creating a problem for some of the 3 Sisters residences with a potential obstructed view of the sunsets. OMG, can't believe I just said that!

[jonny golden]

It's great that Lafford is building up an inventory of land, especially in this worn out area of the city. It looks like he intends on being around for the long haul. The 4 sisters and a new building on the Tim's land will significantly enhance this neighbourhood.

[MonctonianSentinel01]

One of the Three Sisters would definitely fit on the land. There's also a ton of room in the area south of that property if they can grab it up. The land in between Assomption, Waterloo, Euston and Foundry.

[Monctoncore]

Originally Posted by MonctonianSentinel01

One of the Three Sisters would definitely fit on the land. There's also a ton of room in the area south of that property if they can grab it up. The land in between Assomption, Waterloo, Euston and Foundry.

I was just writing this. You can see on Apple Maps that one of the sister would fit this properly. Now we don’t need the whole area to be identical, but still proves it’s possible.

[MonctonRad]

The image below shows all the Lafford properties in the Foundry Street/Albert Street neighbourhood:



He really seems to want to build a critical mass of high density residential properties in this neighbourhood. The more such properties there are in close proximity to one another, the more likely they will develop a form of synergy ensuring mutual success. Another term for this is gentrification.

Some people think of gentrification as an evil - as an attempt to displace pre-existing residents to allow for an upscaling of the ambiance and quality of the nneighbourhood. I am a little sympathetic to this, but, at the same time, I view this opinion as an oversimplification. Sometimes a critical mass is necessary to ensure that positive change can occur. I think this is what is happening here. Other residential highrises in the immediate vicinity will be necessary to ensure the longterm viability of the Three Sisters.

- Three Sisters - 3 x 15 stories on a common commercial podium with a total of 450 residential units.
- One Foundry - at least one 20+ storey building. If the NB Power lot next door is acquired as well (as I indicated on the image above) the development cold be larger. I have heard that this could end up being 2 x 24 storeys, but, this rumour is completely unsubstantiated.
- 10 Horton Lane - if Horton Lane itself is actually included in this lot, the, yes, the property is large enough for a single Three Sisters type tower, and there is a rumour out there of a 15 storey building being proposed. This might end up crowding adjacent properties, and possibly not be as appropriate as a more midrise building in the 10-12 storey range, but, we will just have to wait and see.

[Riberview]

Originally Posted by MonctonRad

.
- One Foundry - at least one 20+ storey building. If the NB Power lot next door is acquired as well (as I indicated on the image above) the development cold be larger. I have heard that this could end up being 2 x 24 storeys, but, this rumour is completely unsubstantiated.
-

The 24 storeys is a question. There will be two buildings.

[MonctonPerson]

Originally Posted by MonctonRad

Just the old Timmies drive thru only, no, there would not be room, but Lafford does think big, and, perhaps he has access to additional land on this site.

The property does extend all the way through from Albert to Waterloo streets, and, there is an adjacent city owned laneway (Horton Lane) which could be incorporated into the property.

The Chris Rock Tavern is right next door, and, immediately to the east there is La Factrie coffee shop. There is then just a short hop and skip to the Three Sisters with the ReMax building in between. If Lafford does build something here, then we would be a lot closer to significant gentrification of the eastern end of Albert Street.

The purchase last year also included the lot across that laneway directly adjacent to Chris Rock.

[MonctonRad]

Originally Posted by MonctonPerson

The purchase last year also included the lot across that laneway directly adjacent to Chris Rock.

Excellent. This is good evidence that Lafford will likely apply to the city to have Horton Lane stopped up, and to purchase this land from the city.

This gives Lafford even more leeway for a substantial (and presumably tall) development here.

[MonctonPerson]

Originally Posted by MonctonRad

The image below shows all the Lafford properties in the Foundry Street/Albert Street neighbourhood:



He really seems to want to build a critical mass of high density residential properties in this neighbourhood. The more such properties there are in close proximity to one another, the more likely they will develop a form of synergy ensuring mutual success. Another term for this is gentrification.

Some people think of gentrification as an evil - as an attempt to displace pre-existing residents to allow for an upscaling of the ambiance and quality of the nneighbourhood. I am a little sympathetic to this, but, at the same time, I view this opinion as an oversimplification. Sometimes a critical mass is necessary to ensure that positive change can occur. I think this is what is happening here. Other residential highrises in the immediate vicinity will be necessary to ensure the longterm viability of the Three Sisters.

- Three Sisters - 3 x 15 stories on a common commercial podium with a total of 450 residential units.
- One Foundry - at least one 20+ storey building. If the NB Power lot next door is acquired as well (as I indicated on the image above) the development cold be larger. I have heard that this could end up being 2 x 24 storeys, but, this rumour is completely unsubstantiated.
- 10 Horton Lane - if Horton Lane itself is actually included in this lot, the, yes, the property is large enough for a single Three Sisters type tower, and there is a rumour out there of a 15 storey building being proposed. This might end up crowding adjacent properties, and possibly not be as appropriate as a more midrise building in the 10-12 storey range, but, we will just have to wait and see.

Other interesting purchases in that area are 20-38 Waterloo Street by Seville Property Group back in 2021. Seville built 66 Weldon, is building on Morton and has a number of other apartments across the city.

[MonctonRad]

Originally Posted by MonctonPerson

Other interesting purchases in that area are 20-38 Waterloo Street by Seville Property Group back in 2021. Seville built 66 Weldon, is building on Morton and has a number of other apartments across the city.

This conforms to the four immediately adjacent vacant lots on the south side of Waterloo. Lots of room here for a significant residential development.

Amazing how this section of the city is teetering on such significant change!

Again, within spitting distance of the Three Sisters.

[lirette]

Originally Posted by MonctonPerson

The purchase last year also included the lot across that laneway directly adjacent to Chris Rock.

I'd imagine the Chris Rock owner must be happy. In addition to new customers coming his way he likely gets a free security guard for several years right next to his property, along with additional lighting and cameras. They've had some unfortunate thefts/incidents the last few years so its nice to see something good happen to them.

Having an industrial building like maritime door and window at that end of town may stick out like a sore thumb in 5-10 years.

I wonder if we will see any movement with the Heritage Court parking lot in the years to come? Seems to me you could put a massive development that would include a multi level parking garage with space for office workers downtown.

[David_99]

Originally Posted by lirette

I'd imagine the Chris Rock owner must be happy. In addition to new customers coming his way he likely gets a free security guard for several years right next to his property, along with additional lighting and cameras. They've had some unfortunate thefts/incidents the last few years so its nice to see something good happen to them.

That's the elephant in the room. The House of Nazareth is directly across the street from this property, which will affect it's attractiveness to potential renters.

[MonctonRad]

Originally Posted by David_99

That's the elephant in the room. The House of Nazareth is directly across the street from this property, which will affect it's attractiveness to potential renters.

I imagine pressure will be applied to relocate the House of Nazareth shelter.

I wish these people no ill will, but we should be seeking more permanent solutions to this problem than homeless shelters.

There will likely be lots of time to address the issues before anything gets built. Lafford is pretty methodical in his plans, Building one "Sister" at a time, with final buildout probably be 2025-26. He will then turn his attention to One Foundry, with a buildout there probably around 2029. I doubt the Horton Lane project will be complete before 2031. That's eight years down the road.

[jnaygull]

Originally Posted by MonctonRad

I imagine pressure will be applied to relocate the House of Nazareth shelter.

I wish these people no ill will, but we should be seeking more permanent solutions to this problem than homeless shelters.

There will likely be lots of time to address the issues before anything gets built. Lafford is pretty methodical in his plans, Building one "Sister" at a time, with final buildout probably be 2025-26. He will then turn his attention to One Foundry, with a buildout there probably around 2029. I doubt the Horton Lane project will be complete before 2031. That's eight years down the road.

Hopefully with a new police station setting up shop down the street, that area of town should be a little less shady. That being said, it is a perfect area for new dense residential with it's proximity to downtown, high-traffic streets, and connections to the trail system.

[MonctonRad]

Originally Posted by jnaygull

Hopefully with a new police station setting up shop down the street, that area of town should be a little less shady. That being said, it is a perfect area for new dense residential with it's proximity to downtown, high-traffic streets, and connections to the trail system.

Indeed. This neighbourhood is truly a diamond in the rough.

[jonny golden]

According to their site, the building that Seville Property Group is doing on Morton Avenue will be ready Jan/Feb 2024.

https://apartmentsinmoncton.com/properties/moncton-80-morton-avenue/

Those four lots on Waterloo that they purchased would handle a sizable building. It looks like the tallest building they've done so far is 6 floors. In light of the 15 floors and proposed 20 floor buildings close by, you'd have to think that they'd build something taller than 6 floors. And since they are almost finished with their current building, could we see yet another big project getting underway next year?

[MonctonRad]

Originally Posted by jonny golden

According to their site, the building that Seville Property Group is doing on Morton Avenue will be ready Jan/Feb 2024.

https://apartmentsinmoncton.com/properties/moncton-80-morton-avenue/

Those four lots on Waterloo that they purchased would handle a sizeable building. It looks like the tallest building they've done so far is 6 floors. In light of the 15 floors and proposed 20 floor buildings close by, you'd have to think that they'd build something taller than 6 floors. And since they are almost finished with their current building, could we see yet another big project getting underway next year?

Seville is building a second apartment building on McLaughlin, immediately adjacent to the one they built on Morton, so, they aren't finished there yet.

Personally, it wouldn't bother me if Seville put in a six storey building on Waterloo. It is an older SFH neighbourhood, and, I don't think the new construction there should absolutely have to overwhelm the whole street.

I drove down Waterloo today, just to get a better lay of the land, and it struck me just how urban this short street will feel in just a few short years. From the west end of the street (around Euston Park Social), looking east, the thing that catches your eye immediately is the Three Sisters looming at the other end of the street. It will loom even more once the third sister is built. Now, imagine another tower on the north side of the street where Lafford has purchased the old Timmies drive-thru, and then another midrise halfway down the south side of the street.

Waterloo will have an impressive mix of densities even if nothing else gets built there. It will seem almost Halifax-like in character.

A perfect location too. Walk to downtown. Walk to the Avenir Centre. a couple of neighbourhood pubs. Good local restaurants. Many of the existing houses could be rejuvenated. Waterloo will be an urbanists dream........

[Jfgodin8]

Hey guys, I noticed on the SNB Property Assessment Online that 280-290-300 MAIN ST were sold on 2023-11-01 for 3,999,999$. Does anyone know anything about this? Those lots are prime real estate! Could there be something in the works?

https://paol-efel.snb.ca/paol.html?lang=en&pan=04378374