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SOLD 200 Union Street
200-206 Union Street, Saint John, New Brunswick
The property at 200 Union Street, known by many as the former Academy of Hair Design, has new owners.
The property was purchased by a couple from New Brunswick. The property is commercial on the ground floor and has 6 residential units on the second floor. The new owners intend to use the ground floor for a new retail establishment. Details on that to come at a later date.
The building has a long history in Saint John. The original business was “Jacks Men’s Wear”. It was owned by Jack Levine and eventually his son Ellis Levine. Former Saint John Mayor Sam Davis designed the building for Jack Levine. You can still see the name “JACK” inlayed in a tile mosaic by the sidewalk near the main entrance.
This is just one more in a string of recent announcements about an exciting revitalization that is happening along Union Street and in the Waterloo Village area.
Stephanie Turner was the listing agent. Lee Yuyang, Re/Max Professionals Saint John represented the buyers.
How do tenants decide which building to take space in?
Price per square foot is a key factor but the financials are often very competitive. The decision to lease in one building versus another is often swayed by physical attributes.
Suite 101, 14 King Street. 1,842 s.f. office.
Tenants want to feel comfortable that the building they are moving to is going to be an asset to their company and that prospective employees will see it as an attractive place to work. The three key elements are:
- Amenities: The “walkability” of our uptown created by the internal pedway system means that most of the amenities that tenants want are nearby.
- Aesthetics: Saint John’s inventory of heritage buildings offer the character that many people crave such as high ceilings and exposed brick & beams. “Historic buildings have a unique appeal that new buildings cannot duplicate {on the flip side} new buildings have the long-span, light-filled, flexible footprints and modern common-area finishes that are so attractive. Many buildings built from 1960 to 1990 are caught in-between, and if they remain un-renovated, often feel trapped in time.”
- Sustainability. Only a few of buildings in Saint John are LEED certified.
Read more about what tenants want and the benefits of LEED certified buildings HERE via www.high-profile.com
Saint John Commercial Real Estate 