The Official Saint John, NB Project Thread

[MountPleasant]

Long live Rockaway Beach! lol Great work ACAP!

[JHikka]

Originally Posted by MountPleasant

I don't know how thrilled I am about more pollution coming out of SJ. It deters a lot of people from staying, it takes away from SJ's astonishing natural beauty.

A lack of viable employment certainly deters a lot of people from staying, too.

EnergyEast will certainly be a boon for Saint John if/when it does occur and complete. Creating an export-oriented Canaport and Refinery would be ideal for Southern New Brunswick and the province as a whole, and would play a big part in Saint John reaching its full potential in the near future. I would like to see the City further diversify its workforce (which it is doing, in part, now via IT), but more still needs to be done on that front. Industrial jobs may create pollution, but they also provide employment to hundreds and thousands, which further leads to the possibility of further diversification.

[JHikka]

Courtesy of Saint John Commercial Real Estate:

Almost a full uptown block under new ownership tonight

Congratulations to Historica Developments on their successful acquisition of a portfolio of 4 uptown heritage buildings.

99 Germain Street has been the home of Bustin’s Fine Furniture retail showroom since 1905. Bustin’s Fine Furniture will be staying on as a tenant.
107 Germain Street is a 3 story office building currently the home to Dr. Brown, Claire Driscoll, Ispire and Enovex.
109 Germain Street is a 5 unit residential apartment building which is fully occupied.
30 Canterbury Street (also known as the “Canterbury Car Park”) is a 22,494 sq ft warehouse and parking structure.


SJCRE

The Bustin family had come to own the four buildings over many years in order to secure access to the alley behind the retail store to facilitate furniture deliveries. In recent year, the Canterbury Car Park has served as the warehouse for the furniture store. The large 3 story brick building on Canterbury had attracted inquiries from various developers over the years. Bustins finally concluded that warehousing was not the highest and best use for the building and it was identified as a candidate for redevelopment.

This transaction has been a long time coming with initial discussions starting in 2009. This was a complex transaction encompassing four mixed-use buildings each of which appealed to a different type of buyer/investor. It was important to the Bustin family that the buildings be sold together as a package and, in the end, Bustins and Historica Developments were successful in structuring a deal to make that happen.

Stephanie Turner, Cushman & Wakefield Atlantic represented the vendor and Don Clancy, Gardiner Realty Ltd. Royal LePage represented the purchaser.

http://sjcommercialre.wordpress.com/2014...ptown-block-under-new-ownership-tonight/

[MountPleasant]

Originally Posted by JHikka

A lack of viable employment certainly deters a lot of people from staying, too.

EnergyEast will certainly be a boon for Saint John if/when it does occur and complete. Creating an export-oriented Canaport and Refinery would be ideal for Southern New Brunswick and the province as a whole, and would play a big part in Saint John reaching its full potential in the near future. I would like to see the City further diversify its workforce (which it is doing, in part, now via IT), but more still needs to be done on that front. Industrial jobs may create pollution, but they also provide employment to hundreds and thousands, which further leads to the possibility of further diversification.

Very true. #babysteps

[MountPleasant]

Pipeline jobs outlined in TJ.


ENERGY
Pipeline construction jobs outlined
ADAM HURAS Legislature Bureau
June 11, 2014

SAINT JOHN • The newly named president of TransCanada’s proposed Energy East pipeline has provided a first detailed look at the 1,400 construction jobs needed to build the project through New Brunswick.

The Calgary-based company announced Francois Poirier to the helm of the project to send Alberta oil east to Saint John in April.

Steve Pohlod, the former president of the company’s proposed pipeline west to east pipeline, announced his retirement after 26 years with TransCanada earlier this year.

Poirier made a first public appearance in New Brunswick on Tuesday, delivering a noon-hour speech in Saint John that called for hundreds of carpenters, welders, electricians, and pipefitters, among others, to be involved in the construction of the proposed pipeline slated to stretch through the province.

“The New Brunswick economy will benefit from the construction due to the presence of material and service supply industries that support project construction in the province,” Poirier said, adding that more than 200 New Brunswick-based contractors and vendors have already applied to TransCanada to be considered for the project. “Energy East expects to spend a significant amount on construction services and other subcontracts.

“The 1,400 direct jobs that will be created in New Brunswick during construction will provide ample opportunity for contractors locally.”

TransCanada filed with the National Energy Board earlier this year a project description of its plan to pump 1.1 million barrels of oil a day via pipeline as far east as the Irving Oil refinery and a proposed export terminal in the Port City.

A complete submission to the energy board is expected this summer.

The 407.4 kilometres of pipeline slated to be constructed in New Brunswick will be divided into four sections or “pipeline spreads” – roughly 400 to 600 workers needed for each spread, Poirier said.

Five pump stations to be built in the province will require 40 to 80 workers each to erect.

A tank terminal in Saint John, slated to see 18 new storage tanks built along the Bay of Fundy shoreline, will require 400 to 600 workers to construct.

A marine terminal to be built in the Port City will need 150 to 180 workers during the construction phase.

Three camp facilities will also need to be built to house workers, employing an estimated 200 workers to assemble, manage, and operate each camp.

“As we are now progressing in our engineering and design, we can begin to provide move visibility on the potential jobs during construction in this region,” Poirier said.

Poirier stressed that the numbers represent a preliminary breakdown.

He also added that the different pipeline spreads may be completed by the same workers.

Poirier has 25 years of investment banking and consulting experience, advising clients in the pipelines, power plants, and gas and electric utilities industries.

Most recently, he was president and head of investment banking and capital markets with Wells Fargo Securities Canada Ltd. where he held the overall responsibility for the firm’s investment banking practice in the country.

Prior to that Poirier was group head of power and pipelines investment banking at J.P. Morgan Securities in New York.

In that capacity he was a financial adviser for clients on several acquisitions and divestitures of energy infrastructure assets including pipelines, power plants, gas and electric utilities.

To date, the economic impact of the pipeline project has only been outlined in a report published by Deloitte Canada estimating that 10,071 direct full-time equivalent jobs across the country will be needed to develop and build Energy East until 2018.

Once the pipeline is up and running, Deloitte sees the creation of 1,081 direct jobs.

TransCanada still aims to have the regulatory approval process completed by 2015. The project is expected to be in service to Montreal and Quebec City in 2017, and to Saint John in 2018.

“There has been a desire within all communities for more detail beyond the provincial level,” Poirier said. “We want to engage communities and help them understand the value this project brings so this is a first time that we have provided any information beyond the Deloitte report.”

[nwalbert]

Originally Posted by JHikka

Courtesy of Saint John Commercial Real Estate:

Almost a full uptown block under new ownership tonight

Congratulations to Historica Developments on their successful acquisition of a portfolio of 4 uptown heritage buildings.

99 Germain Street has been the home of Bustin’s Fine Furniture retail showroom since 1905. Bustin’s Fine Furniture will be staying on as a tenant.
107 Germain Street is a 3 story office building currently the home to Dr. Brown, Claire Driscoll, Ispire and Enovex.
109 Germain Street is a 5 unit residential apartment building which is fully occupied.
30 Canterbury Street (also known as the “Canterbury Car Park”) is a 22,494 sq ft warehouse and parking structure.


SJCRE

The Bustin family had come to own the four buildings over many years in order to secure access to the alley behind the retail store to facilitate furniture deliveries. In recent year, the Canterbury Car Park has served as the warehouse for the furniture store. The large 3 story brick building on Canterbury had attracted inquiries from various developers over the years. Bustins finally concluded that warehousing was not the highest and best use for the building and it was identified as a candidate for redevelopment.

This transaction has been a long time coming with initial discussions starting in 2009. This was a complex transaction encompassing four mixed-use buildings each of which appealed to a different type of buyer/investor. It was important to the Bustin family that the buildings be sold together as a package and, in the end, Bustins and Historica Developments were successful in structuring a deal to make that happen.

Stephanie Turner, Cushman & Wakefield Atlantic represented the vendor and Don Clancy, Gardiner Realty Ltd. Royal LePage represented the purchaser.

http://sjcommercialre.wordpress.com/2014...ptown-block-under-new-ownership-tonight/

This is the project I was referring to earlier.... very exciting project!!

[JHikka]

Originally Posted by nwalbert

This is the project I was referring to earlier.... very exciting project!!

I'm only going to assume you're on the purchasing side ...what sort of restoration can we expect for these properties?

[Whaler]

I would watch what happens at the LNG terminal. This will be a huge project and the pipeling will not have anything to do with it.
Western Europe is trying to get away from their dependance of Russia. This is ideal for an export terminal in Saint John. I don't have an inside track on any news but....all the facts are lining up to make this project very viable.

[Ottawa]

Originally Posted by Whaler

I would watch what happens at the LNG terminal. This will be a huge project and the pipeling will not have anything to do with it.
Western Europe is trying to get away from their dependance of Russia. This is ideal for an export terminal in Saint John. I don't have an inside track on any news but....all the facts are lining up to make this project very viable.

I agree that the Repsol LNG terminal is in an ideal position to ship to Europe. If the supply could be local, that would be a huge benefit to the city and province. Even if the local supply isn't sufficient, or can't be developed in time, there are options to import from the US or tap into Nova Scotia's supply. Either way, thanks Vladimir Putin.

[nwalbert]

Originally Posted by JHikka

I'm only going to assume you're on the purchasing side ...what sort of restoration can we expect for these properties?

You can expect some very high end renovations happening across all four buildings. This is a multimillion dollar renovation project that will greatly improve this block. It will take roughly 2.5 years to complete.

Historica has done some really great projects and this will be no exception. Fantastic timing with all the great employment opportunities coming up in the city as well.

[MountPleasant]

Any news on the Gothic Arches development?

[Wolkenkratzerliebhab]

Originally Posted by MountPleasant

Any news on the Gothic Arches development?

Dag nabbit! That's what I want to know too?

[hebertovich]

Originally Posted by Wolkenkratzerliebhab

Dag nabbit! That's what I want to know too?

Same here

[MountPleasant]

Consultants say Mton needs more immigration.

I say SJ does. I also realize SJ has the highest rate of international immigration in NB but this must increase still as we do not attract the interprovincial immigration numbers that Mton does from the Northern NB exodus

Immigration has been one of the few promising developments in SJ over the last decade (until recent wins). We must continue to grow on this front. Diversity is vital.

[Whaler]

Well if and when Repsol build this new terminal and the new pipeline is built along with the expansion at the refinery........you will see many new faces in Saint John.
All of these projects have a very good chance of happening. Good news is coming folks!

[nwalbert]

Originally Posted by MountPleasant

Consultants say Mton needs more immigration.

I say SJ does. I also realize SJ has the highest rate of international immigration in NB but this must increase still as we do not attract the interprovincial immigration numbers that Mton does from the Northern NB exodus

Immigration has been one of the few promising developments in SJ over the last decade (until recent wins). We must continue to grow on this front. Diversity is vital.

I saw that article and thought it was a bit silly. Of course any city or province requires migration to sustain growth. The exodus from the North of the province is slowing so the cities will need to find new sources of migration. Not exactly news.

As you point out Saint John's major projects looming should bring people internationally and from across the province and country to the city. The future looks pretty bright for SJ at the moment but we have seen that before.

[MountPleasant]

Yes indeed lol The amount of immigrants this fellow Campbell was calling for Mton to attain was incredibly naive and seemingly disregarded the immigration SJ and Fton rely on as well.

[MonctonRad]

Originally Posted by MountPleasant

Yes indeed lol The amount of immigrants this fellow Campbell was calling for Mton to attain was incredibly naive and seemingly disregarded the immigration SJ and Fton rely on as well.

I'm not sure why you have your knickers in a knot. The consultant was merely stating the levels of international migration necessary for Moncton to continue growing at a moderate pace well into the future. He was not saying that this immigration should be at the expense of Saint John or Freddy. Presumably our sister cities will have to boost their immigration levels too.

I think a major question is whether this goal is attainable. Our region is at a considerable disadvantage in attracting immigrants now, since most new arrivals either (1) naturally head to larger cities where there are already immigrant communities from their native lands established or (2) head to the promised land of Alberta because of economic opportunity.

If the province is serious about attracting more international immigrants, then they will have to hold serious discussions with Ottawa in order to allow us to boost our provincially designated immigration program. Our quota now is woefully small.

[MountPleasant]

Easy now, my knickers are just fine. lol

Not sure if you can really assume what he meant to say. All we can consider is what he did say— and the numbers he was tossing out for Mton were unreasonable

But I agree with you, we need to lift the cap Harper has on us.

Why is there such a cap in the first place??

[nwalbert]

Originally Posted by MountPleasant

Easy now, my knickers are just fine. lol

Not sure if you can really assume what he meant to say. All we can consider is what he did say— and the numbers he was tossing out for Mton were unreasonable

But I agree with you, we need to lift the cap Harper has on us.

Why is there such a cap in the first place??

Its rare that the Campbell guy has anything meaningful or relevant to say.

I agree that the cap system is not an effective tool. The idea is to limit the number of foreigners that come and take jobs away from locals but in Canada, however we really don't have that issue like the US does. It is very very difficult for folks from certain other countries to come to Canada to live and work unless they possess a certain skill set that is deemed difficult to find locally. In the end I find we turn away a lot of what would be hard working quality additions to the population base.

Saint John has done a better job at attracting these people than the rest of the province, but we can still do better.