After several delays, the ground for the first phase of Tannery Place South in downtown Moncton has finally been broken.
It will offer 46 two and three bedroom luxury apartments and retail space at the corner of Vaughn Harvey Boulevard and Ivan Rand Drive.
Westmount Developments President Vaughn MacLellan says all of the units are rented, and they also have a waiting list, “We’ve had extremely good response since this project initially launched. It’s people in the 55 and up age range where they want to sell their homes and they want to live somewhere where they can walk to all of the amenities. That’s where we are seeing the uptake initially.”
The building will also feature over 13, 000 square feet of retails and commercial space, but MacLellan says those tenants have not been secured yet, “Now that we are launching, we are able to give people definitive dates and so now we’re able to finish off some discussions we have been having. We are not in a position where we want to announce any of those. We want to conclude some of those arrangements, but we will be coming up with those in the coming weeks.”
Tannery Place South is set to open in October 2020.
Pat Walsh has lived in the downtown for the past 25 years. She is one of the tenants planning to move into Tannery Place South.
“We lived downtown all of our life and we sold our home and we wanted to stay downtown. We are retired, and that was a big issue too. There is so much around it, with walking trails, and with two little dogs, it is also a pet friendly building,” Walsh says.
Jai Beau also has an interest into moving into this building for a number of reasons, “It is central to everything. There’s the gym next door, I can just walk there. There is the Avenir, the liquor store, the Shoppers, It is very convenient.”
“Because we have a waiting list we will be able to migrate some of those over to our next phase, Tannery Place North,” Vaughn MacLellan says.
Construction on that phase is set to begin in the spring of 2020 and be open in the fall of 2021.
Once the project is completed, Tannery Place will offer 92 luxury apartment units and prime retail space.
This project is being developed in partnership among Westmount Developments Inc., Lounsbury Company Limited and DuParc Real-Estate Group Inc.