Waterfront development good for city, say realtors

(July 30, 2008) - The Saint Real Estate Board is voicing its support for the proposed Long Wharf development, calling it a progressive step for the City of Saint John that will benefit businesses and residents.

"Real estate development is healthy for the community," says Board President, Peter Pappas. "It encourages further development, draws new businesses to the area, and gives the community a sense of pride."

The real estate board, comprised of 300 members in the Saint John area from Sussex to St. Stephen, will be submitting an opinion on the question posed by Common Council on Monday, August 11, "Should the municipality agree to sell the former Lantic Sugar site at fair market value, in order to facilitate a possible transaction between the Saint John Port Authority and Irving Oil Ltd?"

The Board says it firmly supports the transaction. "Jobs will be created, further development in the North end will take place, and walking trails and park space will enhance the entire project," says Pappas. "That's a lot for the community to look forward to."

The concept for the proposed building - LEED, or Leadership in Energy and Environmental Design - is designed to promote design and construction practices that reduce negative environmental impacts of buildings and improve occupant health and well-being. Pappas says this, too, brings considerable value to the community.

"Exposing Saint John to this kind of leading-edge construction benefits not only this project, but projects to come because it sets a standard and trains workers in the technology to make it happen," says Pappas.  "This is truly progressive."