Market Square expansion on schedule

Development The three-storey addition is being built to house new offices for Genesys Telecommunications Laboratories Inc.

SAINT JOHN - Starting next week, Market Square will get a new look as workers begin to put on bronze-coloured metal panels on the expansion to the northwest of the complex.

                                      

Colin Whitcomb, executive vice-president of Hardman Group, which operates the uptown shopping and cultural complex, said the 40,000-square-foot addition is right on schedule, with the office tenant expected to move in by the end of the year.

"The weather has been a bit of a challenge this year, it was so wet in July," he said from his Halifax office this week. "It's challenging when you're tying an expansion into an existing building. You have to co-ordinate with other tenants and figure out how paths and connections are going to be made. We've had great co-operation from other tenants in the building."

The three-storey addition on Union and Smythe streets is being built to house new offices for Genesys Telecommunications Laboratories Inc., which employs about 130 people locally.

The software developer uses two floors to the south of the expansion and an office at Brunswick Square, space it will soon vacate for the new digs.

As the final skin of the expansion is mounted, workers will continue to do interior jobs, putting up walls and ceilings to Genesys' specifications, along with climate control systems. The bronze look is for the office expansion only and will not cover up the cherished brickwork that adorns the rest of Market Square.

Hardman has begun marketing the 14,500 square feet split between two floors that will be vacated before 2010. Whitcomb said he was confident his company would rent the space because it has already had inquiries from three prospective tenants. The lease would typically be for a minimum of five years and could involve splitting the space - 9,000 square feet on one floor and 5,500 on the other.

"It's a good location, it has dedicated washroom space and connected to parking immediately below, and we can be competitive on the rental structure," Whitcomb said.

 

Published Saturday August 29th, 2009 - Telegraph Journal