More than half of the space available for rent at Moncton’s Granite Centre is spoken for, leading one of the projects developers to dub the growing retail hub “The Dartmouth Crossing of New Brunswick.”
“The site is very active and we’ve already leased up about 64 percent,” said Bill Hennessey, the managing director with Colliers International New Brunswick – the real estate broker signing tenants up for the Granite Centre.
Hennessey said that he and his partner developers were inspired by the success of Dartmouth Crossing and “see that as what we’re kind of tracking towards with the Granite Centre.”
At 64 percent occupancy, tenants now are leasing – or are about to lease – about 186,500 square feet of the nearly 300,000 square feet of retail space on Granite Drive
Hennessey told Huddle that 16 tenants are coming to the retail plaza, where Costco is its largest anchor business.
While three restaurants have already been contracted, Hennessey said more are still in negotiation stages. When completed, Hennessey said the full complement of businesses at the Granite Centre could potentially bring at least 200 new jobs to the city.