Common Council is being urged by City Staff to approve rezoning of the Coast Guard property. The final acquisition of the property will take place at the end of June.
Kent McIntyre of Saint John Waterfront Development anticipates there will be new developers later this year for what he envisions as a mixed residential-commercial development with 230 condos, a 130 room hotel, 70 thousand square feet for retail and commercial space along with a promenade around the perimeter.
He's also optimistic about things picking up telling the city the site will undergo a phased in redevelopment beginning later this year.
Council is also being asked to approve rezoning for the new "Y" on Churchill Boulevard which is viewed as a key step to revitalising that part of the north end around Crescent Valley..