Building on Saint John’s strengths in energy, health, logistics and advanced manufacturing and spearheaded by EdgSJ, an impressive group of industry stakeholders have come together to launch the SAINT JOHN INNOVATION DISTRICT concept. The initiative already has two feathers in its cap… 1. the establishment of the UNBsj MBA program uptown and 2. the creation of BLOCK ONE, a start-up incubator which is now co-located with the MBA program. These two wins are just the beginning.
In the midst of a global pandemic, Atlantic Canada has been touted as a “safe” and affordable place to live. Digital nomads and new remote workers are no longer tied to the big urban centres. We are hearing more and more stories of people considering a move to Atlantic Canada. Those people may be asking what Saint John has to offer them. This 4 minute video showcases the spirit that Greater Saint John embodies and shows a path forward for growing “a vibrant, highly productive, more sustainable and inclusive economy that attracts talent from all over the world.”
73 King Street, Saint John
A new business is coming to 73 King Street. Located near the top of King Street between the National Bank and Vogue Optical, this small storefront is the perfect location for Ami Tea. Featuring Bubble tea and sandwiches, this chain has locations in Quebec and western Canada.
According to their website Ami Tea “offers you a wide selection of milk teas, fresh teas, and fruity teas. Our bubble tea is not just a drink, it’s an experience that brings people of all different cultures and backgrounds from all over the world together. Ami Tea is a symbol of friendship. Drink bubble tea, have fun, enhance collaboration, and enjoy the delicious taste today!”
In speaking with the new tenant, they hope to be open before Christmas but if not, you will certainly see them in the new year!
Congratulations to the another entrepreneur willing to open a business in uptown Saint John in uncertain times!
Stephanie Turner of Brunswick Brokers represented the Landlord (The Gray Group) and Steve Ryan of Coldwell Banker represented the Tenant.
The pandemic has had a dramatic impact on the way we work. Many are still working from home and Zoom calls are the new meeting standard. Although we are learning to interact in this way, it’s a poor substitute for an in-person meeting. The conversation just doesn’t flow as well. That being said…most of us have gotten used to it and it has become the “new normal”. Are you sick of that expression yet?
Two recent articles published on the on-line Real Estate News Exchange talks about the Top-6 Ways the workplace is changing post-COVID-19. Their thoughts on this include:
- Communications technology will get better – and fast
- Employees will want to continue working from home, but only for part of the week
- The physical office will still have its place, albeit with a few modifications
- Buildings will focus more on health and wellness
- The workplace itself is likely to change dramatically
- Amenities within buildings will also likely change
One of the passages that really resonated with me related to office space use. The article said “Thirty years of workplace densification is likely to reverse course, to some degree.” and went on to say…
Today, most companies offer either a dedicated (assigned offices/workstations) or agile (unassigned seating) environment.
We may very well see the introduction of “semi-assigned” seating that will have small groups with compatible hybrid work schedules sharing private offices with colleagues with whom they are comfortable. This solution could be the balance of cost-efficiency and the productivity benefits of a dedicated, private workspace.
While there will be a greater demand for individual workspaces and potential shifts in workplace accommodation, the role of collaborative spaces in the office environment will not only stay intact but become more integral.
I know this is not an easy period we are weathering. Please use me as a resource for any questions or concerns you may have about the commercial real estate market. If/when you are ready to look at properties, please know that we have COVID protocols in place to keep you safe and for contract tracing should the need arise. In the meantime, ask about what we can do virtually!
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.
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
1000 Sandy Point Road, Unit 4, Saint John, New Brunswick
Cooke Insurance identified a need for new office space back in the fall of 2019. Although they didn’t plan to move in until summer 2020, they wasted no time in starting their search. Through a process of elimination they landed on 1000 Sandy Point Road. This commercial strip mall was newly constructed and the ground floor unit they chose had never been occupied. “Being able to customize the space to exactly our needs helps make the square footage work for us in the most efficient way possible” says Jeff Cooke.
“We are thrilled with the space. We got everything on our wish list and more” says local Cooke representative Andrea Ferris. “The landlord was amazing to work with. The level of finishes are class A.”
1000 Sandy Point Road is a multi-unit commercial strip mall located in Millidgeville next to Cedarcrest Gardens. The Saint John Real Estate Board also leases office space in the development. 2,000 sq ft of ground floor space remains available.
GALLERY – PHOTOS OF FINISHED SPACE
Stephanie Turner represented the Tenant (Cooke Insurance) and Peter Pappas (owner and licensed Realtor® with Re/Max) acted as the Listing Agent.
Some of you have seen the news that the Saint John & Moncton offices of Partners Global have rebranded. Back in 2015, just about the time I joined the brokerage, Brunswick Brokers Limited created an alliance with Halifax based Partners Global Corporate Real Estate. After a five year partnership, it was determined that it was time for each company to stand on it’s own again.
With the help of local company Bonfire, we developed a new logo which was the launching point for our whole new look. We hired a local in-house marketing resource, rolled out a new website www.bbrokers.ca, new email addresses and new signage. Otherwise, It’s business as usual in Saint John!
DON’T FORGET TO UPDATE MY EMAIL ADDRESS! It’s now firstname.lastname@example.org and watch for our new signs out in the market now!
30 Whitebone Way, Unit 3, Saint John, New Brunswick
McCoy Turnkey Construction just signed the lease on this industrial/commercial space in the McAllister Industrial Park. Earlier this year the company leased a small warehouse in the sister building (34 Whitebone) located next door. “The company is growing and we are busting at the seams in our current space” says Mike McCoy, owner. “Adding to our infrastructure here in Saint John will help us ramp up to the demand on our crews. We’re also looking to expand in Fredericton.”
The demand for residential and commercial construction projects has been brisk despite the pandemic.
Stephanie Turner represented both McCoy Turnkey Construction and the Landlord (Broadway Place Ltd) in this commercial real estate transaction.
Broadway Place Ltd. is a New Brunswick based commercial real estate holding company They currently own over 420,000 sq ft of building space throughout New Brunswick.
855 Bayside Drive, Saint John, New Brunswick
14,000+sq ft Industrial Warehouse available immediate for sub-lease or purchase.
Tour properties from the comfort of your desk/home/favourite coffee shop!
More virtual tours coming soon…
CLICK IMAGE BELOW TO TOUR THE FACILTY
80 Prince William Street, Saint John, New Brunswick
Entrepreneur Katelyn Price had a successful first day yesterday at her new shop on Prince William Street called Juniper. She had identified this storefront as the perfect location back in March of 2020. The day she came in to sign the Offer to Lease, COVID-19 was first hitting the news! With all the uncertainly, she decided to delay signing the Offer in favour of a wait and see approach. Fast forward 3 months and she was ready to sign!
According to the ABOUT section of her Facebook Page, Juniper is “a sustainable lifestyle store”
“Juniper will provide the Saint John community with a convenient avenue of making sustainable and ethical consumer choices. We will carry clothing and skincare, as well as gifts and small home wares.”
Many of you may know the space as the former location of Liquid Gold and most recently ladies fashion store Uptown Vibes. For many years it was the home of the Buckland Gallery. The space has such a great aesthetic with the high/exposed wood ceilings and makes the perfect backdrop for all her beautiful natural products!
Photo courtesy of Juniper
Meet Katelyn Price and read more about Juniper at huddle.today
Stephanie Turner represented the Tenant (Juniper) in this commercial real estate transaction. The Listing Agent was Bob McVicar, Sutton Realty
New technology to help market our commercial listings. Features of tour include floorplan, 3D “dollhouse” with walk around capabilities and measurement tool all accessible from bottom left corner of the software.
Try it now! Click image below!
For more info on this Listing Click here>>> 50 Whitebone Way, Saint John