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Le Faubourg sees another big price reduction. Now $749,000
125 Prince William Street “Le Faubourg”, Saint John, NB
$899,000 NEW PRICE $749,000 SOLD
Ideal candidate for redevelopment! Uptown heritage with many infrastucture upgrades including sprinkers throughout, roof (Nov 2011), some repointing of brick, amost all new windows. New 400 amp 120 volt electrical entrance installed with updated wiring in 2007. Building has been converted to natural gas. Commonly, heritage buildings such as this one in the uptown core are utilized for commercial and business related enterprises. The main floor would typically be devoted to retail with the upper floors being utilized for offices and/or residential. View of Harbour on Water Street side of building.
Gross building area 17,467 square feet.
This block of Prince William Street, between Princess and Duke, has undergone (2014-2015) a complete restoration including street resurfacing, granite curbing, landscaping and decorative lighting. Close to shopping, hotels and cruise ship terminals.
For more information and interior photos click HERE
#GrowSJ Update. Top 3 salient points related to commercial real estate
Mayor Don Darling just shared a report by the city’s Commissioner of Growth and Community Development Services.
Here are the top 3 salient points relating to commercial real estate:
- Major project construction accounted for more than half of the 80 million dollars of construction projects in 2016. Notably phases one and two of the IOL home office project, the new Uptown Liquor store and retail expansion in East Point, McAllister Mall and in Millidgeville.
- Another portion of the $80 Million included re-investment in the City’s Heritage districts including major renovations to the Imperial Theatre and 20 other smaller heritage renovation projects. The City’s heritage districts were funded by the city’s heritage incentive program.
- There is 137,493 square meters (that’s almost 34 acres!) of vacant land in our prime central neighbourhood, at rates a fraction of the cost of Canada’s major cities, and ready to be developed. The land is a mix of commercial & residential. The map below shows some of the commercial opportunities.
Uptown In-Fill Map. Vacant Land Highlighted in Red
READ MAYOR DON DARLING’S ENTIRE UPDATE HERE (3 minute read)
Moosehead & Cox were two most popular stories of 2016
Now that we’re in to 2017, I wanted to thank everyone who has visited my website/blog in 2016. The site got a ton more traffic last year, hitting a new annual record of 43,696 views (up from 25,546 in 2016).
The single best day was June 1st. The story that day was “Moosehead Should be at the Head of King Street #91king” with 6,679 views. UPDATE: Unfortunately, as most of you have heard Moosehead’s subsequent plans to build on the waterfront have been shelved. Maybe that means that they will reconsider #91king! If you missed the original story you can find it HERE
My next most-read story of 2016 was on April 27th and it was “Cox Electronic Winding Down Retail Business” with 5,298 views. UPDATE: The story said that the store would be open until the end of 2016 but wound up closing several weeks earlier. This showcase property is for sale or lease. Did you miss the story in April? You can read it HERE
Where do you think these “views” come from? Canada and the US rank 1 & 2 but would you have guessed that France is 3rd? Next come South Korea & Barbados. See chart to the right for the top 10 countries of original of traffic to www.SJcommercialRE.com
Thanks again for visiting and a big shout to www.huddle.today for picking up several of my stories in 2016. I’m looking forward to 2017 and what the Saint John Commercial Real Estate market has in store. Don’t forget to follow me on Twitter @steffturner
Buckley Building has new owners
82 Germain Street, Saint John, New Brunswick
View from roof. Photo Credit: Bob McVicar
The Buckley Building has been sold. The new owners intend to convert the top floor to residential for their personal use and add a rooftop patio. The building is a three storey brick Italianate-Style commercial building on the east side of Germain Street. The view from the roof affords a unique urban view directly down the newly renovated Grannan Lane as well as a view of the harbour.
The Buckley Building is significant as one of a collection of commercial, Italianate and Second Empire buildings that were built between 1877 and 1881 after the great fire.
The building is also significant because it housed the office of G. Ernest Fairweather from 1888 until 1920. G. E. Fairweather was a prominent architect and he designed many significant buildings in Saint John. He was originally associated with John Magee, as Magee and Fairweather, and in their office the plans were prepared for a great many of the buildings erected after the great fire in 1877. Source: historicplaces.ca
The new owners have renamed the building “The Fairweather”. You can like their page, see design concepts and follow their progress on FACEBOOK
Stephanie represented the seller & Bob McVicar of Exit Realty (now Sutton Realty!) represented the buyers.
LEASED… last 2 units at Irving Millennium Drive development
8-10 Millennium Drive, Quispamsis, New Brunswick
Murphy’s Pharmacies of PEI are opening a location in Quispamsis under the Guardian Drugs banner. Murphy’s operates a chain of independent pharmacies and have been serving the health needs of communities across Prince Edward Island for 30 years. “We’ve leased the two remaining vacant units between Subway and House of Chan. One side will be a pharmacy and the other a medical clinic including after-hours clinic” said Jeff Murphy, Chief Financial Officer at Murphy’s Pharmacies. “We love the location. Being close to a growing residential area made a lot of sense for us.”
Stephanie Turner was the listing agent.
Moosehead should be at the head of King Street #91King
Moosehead is an institution in Saint John with a long history on the west side. That being said, it makes so much sense for them to have a significant presence in our business core as well. To commemorate the 150th anniversary of the Oland family’s brewing business, they announced today that they would be establishing a new “small-batch brewery” here.
According to today’s Huddle Story they are looking for a 10,000 square foot location “with hopes of finding one in the city’s uptown”. As fate may have it, 91 King Street has a 9,900 s.f. footprint.
Although I’m no graphic designer, I put my amateur skills to work to create an edited version of the corner of King and Charlotte. This location is perfect for Moosehead! Large enough, high profile and across the square from the new Irving Headquarters. To make it even more appealing, this corner is not subject to heritage regulations… giving any developer the utmost leeway in design.
In my humble opinion, Moosehead needs to take their rightful spot at the head of King!
Amateur photo manipulation using the very limited capabilities of Microsoft Paint.
Vacant SJ Building Cries For Help On Twitter via Huddle
Stephanie Turner, the agent handling 91 King, told Huddle she discovered the Twitter account (@91kingSJ) last week and has no idea who’s behind it. Though the account is comedic in nature, she said it could get people talking about building.
“I suppose it can’t hurt. The tweets are pretty light hearted and don’t have a strong business spin to them,” Turner says. “Last time I looked the account had about 50 followers but I didn’t notice if followers included Mountain Equipment Co-Op, Forever 21 or Sephora.”
“It’s a huge project…either rebuild or tear down and build new,” she said. “Either way, it takes an experienced developer with deep pockets and a willingness to take risk.”
Read some of the tweets and the rest of the HUDDLE STORY
CHANGE COMING TO MAGNOLIA CAFÉ
Dave Hyndman of Dave’s Lobster from PEI has had his sights on the Saint John for some time. The restaurant’s menu is simple “Atlantic Canadian lobster rolls & tacos, awesome grilled cheese, local craft beer. “ Dave’s is widely considered to be among the best lobster rolls in Atlantic Canada. They currently have two locations…one on the Charlottetown waterfront and one on the Halifax waterfront. “Saint John was a logical next step for me” says Dave. “I operate seasonally from May-October and wanted a location which would be convenient for the locals but from which I also could capture the cruise ship passenger market”.
It was on a visit to Saint John just before Christmas (more…)
#SJvacant
The Vacant Building Redevelopment Program is intended as a tool to encourage reinvestment in projects that address instances of urban blight and encourage increased residential density
VACANT BUILDING PROGRAM
Through this Program, the City of Saint John hopes to reinvest in its historic building stock, the stabilization of residential neighbourhoods and the vibrancy of the Uptown area. Vacant Building grants include: (more…)
Saint John Commercial Real Estate 