Quote:
Originally Posted by MonctonPerson
House was purchased by Commercial Properties Limited, which now owns the whole block.
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Irving! They now own the whole block! They overpaid for this last property, so they obviously wanted this land badly.
Now that they own the whole block, this makes the land eminently developable. This is immediately adjacent to the
Infinity block. A whole block of land next to what will become the tallest building in the city will certainly lead to some heavy speculation. Could Irving be looking at eventually building something of similar stature here???
I know that Irving has a longstanding reputation of buying land and just sitting on it, but, one hopes that something to complement Infinity might get built within the next 10 years or so.
This is the most intriguing news of the entire week!
I agree with
jonny. Irving doesn't really have a history of doing residential developments. I wonder if Irving needs a new office building in Moncton? Something that could anchor a block-large development project.