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SOLD: 90 Paradise Row

90 Paradise Row, Saint John, New Brunswick

SJ Energy closes on purchase. Plan to relocate Smythe Street substation. 

After over a year of searching and after considering at least 16 locations, SJ Energy has purchased 90 Paradise Row in Saint John, NB. The property consists of a commercial building with a gross leasable area of 8,934 square feet sitting on 0.42 acres. The property also includes surplus land of 0.89 acres. This surplus land has been identified as the site of a new SJ Energy substation which will replace the current facility located on Smythe Street by Harbour Passage.

Saint John Energy Looks To Move Uptown Substation

Artist rendering of new Paradise Row substation Photo courtesy of http://www.thewave.ca and the City of Saint John

According to a http://www.thewave.ca story which ran back in early August, the Smythe Street substation is at the end of its life. Dana Young, manager of asset management for Saint John Energy, said there are several reasons why they want to build the new substation elsewhere. “The Union substation is currently in a zone that’s at risk of flooding as sea levels continue to rise. 90 Paradise Row is at a higher elevation.”

The property required a rezoning for this use which took a little longer than planned due to COVID and the challenges in holding public hearings. Ultimately the re-zoning was approved and the sale closed at the end of August.

The Smythe Street substation sits on some pretty desirable waterfront real estate. While the substation was at the end of its useful life and at risk of flooding some day, it could also be argued that it was not the highest and best use of that land. Once the new Paradise Row substation is built, SJ Energy will start the process of decommissioning the Smythe Street facilities.

Stephanie Turner represented the purchaser (SJ Energy) in this commercial real estate transaction.


To read the entire story than ran back on August 5th, click the link below

Saint John Energy Looks To Move Uptown Substation

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.

200 Union eligible for up to $5000 façade grant

exterior 2 editIn 2014,  the owner of 200-206 Union Street received a small grant from uptown Saint John to redesign the buildings storefront. A concept for a new building façade was completed. The building is now eligible for a grant up to $5,000 or 50% of the cost to upgrade the front of the building. This opportunity is also available to a new owner.

The building is FOR SALE for $399,000. For more information click HERE.

For more info on the Façade Grant Program administered by Uptown Saint John click HERE

 

 

Gallery –  selection of façade redesign options