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Originally Posted by Mattyyy
It'll be interesting to see where this actually ends up. I have a source close to this as well who is quite adamant that Ashford has no plans or interest in trying to have the tallest building(s) in Moncton.
Personally Ashford strikes me as a company that is more conservative and it would surprise me if they aggressively pursued a 50 floor building.
One thing I do know for sure - plans are progressing at a very slow pace and it may be a few years before shovels are even in the ground.
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I also don't think we'll see Ashford construct a 50 floor building. Something in the 25-30 floor range would be my prediction.
As to the order in which they proceed, that remains to be seen. The "skyscraper" building will likely come later on the overall project.
The city infrastructure schedule for the site announced in 2021:
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The city's capital budget forecasts spending $7.9 million related to "Ashford's downtown development plan" in 2022. A further $10.2 million is scheduled in 2023, with $8.1 million in 2024 and $5.7 million in 2025.
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It would be nice to know if this schedule is still on track, but then again we haven't heard anything to the contrary. So I don't think we'll see shovels in the ground this year, it was always going to be 2026 as the earliest start date. Work on the new east-west street will likely happen first.
Hopefully we'll know more when mayor Arnold's "doozy" is revealed later this month.
Meanwhile, Ashford has been keeping busy adding more residential assets to their portfolio. I really like the Main & Cameron project. What an improvement this will be over the auto business. Residential over commercial is the perfect idea for this prime downtown location.
It's pretty much directly across the street from the embarrassment at 1222 Main Street. I don't know what it would take for Crombie to do something here, but you'd have to think that they're aware of the huge potential just sitting there vacant. They did recently sell their 2 malls (Riverview & Amherst) that they evidently had no plans for. Perhaps they'll do the same with this building!