PARKING GARAGE ON CANTERBURY STREET SOLD TO MAKE WAY FOR THE TELEGRAPH
–Development Adds to The Growing Momentum of Uptown Saint John–
February 21, 2020 – SAINT JOHN, NB—Local developers, Stephen Brittain and Lee Seale, have officially purchased the two-story parking garage at the corner of Canterbury and Grannan Street from the Saint John Parking Commission. This is an important milestone, making way for a new six-story mixed commercial and residential development, dubbed The Telegraph.
This concludes a six-month acquisition period which required structural/geotechnical analysis of the existing structure to ensure it can accommodate the new proposed structure, making it build-ready for the spring 2020 construction season.
The new $6 million development will be home to 32 residential units and street level retail or commercial space. Five stories of wood frame construction will be built on top of the existing concrete foundation, making it a first of its kind in Saint John. One key benefit of wood frame construction is that the build time is reduced, thus helping to minimize disruption for those in the immediate vicinity.
Construction is expected to begin in earnest in late May or early June and will take one year to be fully completed. The majority of construction activity is expected to occur over the summer months.
“The site is prime location for development,” said Stephen Brittain. “Once complete, it will add to the vibrancy of the Uptown and the design, inspired by the original Telegraph building, is keeping with the look and feel of the neighbourhood.” The building will feature premium finishes, a fitness facility and tenants will have access to some underground parking.
Parking is a priority for many local businesses and residents. A leasing agreement has been extended to the Parking Commission that will enable those on the lower level with parking permits to keep using their spots until the end of March. Meanwhile, the hourly and daily spots on the upper level will remain open until later in the spring. Marc Dionne with the Parking Commission says there are currently a number of other monthly spaces available, and there is additional daily and hourly parking capacity within easy walking distance, including the former Coast Guard site two blocks away on Water Street.
Steve Carson, CEO of Develop Saint John, who helped facilitate this deal, was pleased to see the purchase and sale completed and construction slotted to begin this spring. “One of our main focuses going forward,” Carson explains, “will be to continue ensuring that the public and especially businesses in the area know what to expect. We have a plan in place to make sure everyone knows that even during the peak construction period all businesses in the area will be open for business with reminders of where parking is available.”
For further information:
Develop Saint John
About the Developers
Stephen Brittain and Lee Seale specialize in the development of multi-unit residential properties. Over the past 12 years, they have developed around 200 quality residential units and are proud to contribute to the prosperity and vibrancy of the Saint John community. Their current and ongoing project, Village View Suites in Millidgeville illustrates their attention to detail and the quality construction that adds value to their surrounding neighbourhoods.
About Develop Saint John https://developsaintjohn.com/
Develop Saint John’s mission is to grow the tax base in Saint John by relentlessly creating and seizing strategic real estate opportunities and getting deals done. It’s mandate to grow the City’s tax base or improve the quality of life of citizens. It has a Board of Directors made up of government and volunteer private sector representatives.
About the Telegraph
- 6-Story wood frame construction with heritage-like façade.
- The Canterbury Street-level is zoned commercial, while the additional upper floors are residential.
- The site was originally the location of the Telegraph Journal/Evening Times-Globe newspaper and CHSJ Radio Station. In 1968 the Telegraph Journal relocated and the original brick and stone building became surplus and the building was eventually demolished in 1975.
- In 1995-1996, the Canterbury parking garage was constructed as part of a partnership with three levels of government and was designed to serve as the foundation for future development. The use of the existing foundation significantly reduces the amount of time and disruption required for construction.