Fundy Quay

Fundy Quay
Fundy Quay in October 2025
Interactive map of Fundy Quay
LocationSaint John, New Brunswick, Canada
Coordinates45°16′18″N 66°03′50″W / 45.271692°N 66.063950°W / 45.271692; -66.063950
StatusUnder construction
Groundbreaking2023
Websitefundyquay.com
Companies
DeveloperFundy Harbour Group
Technical details
CostCA$300 million (estimated)
Buildings5

The Fundy Quay is an ongoing mixed-use development in Saint John, New Brunswick, Canada. Situated on a former Canadian Coast Guard site along the Saint John Harbour, it is part of a waterfront redevelopment plan for the city.[1]

The first building is currently under construction and is scheduled to be completed in late 2026.[2]

Description

The Fundy Quay development is a project by the Fundy Harbour Group.[3] It is set to contain five mixed-use buildings with a total floor space of 69,700 square metres. The buildings' ground floors are allocated for commercial and retail use, with the remaining floors designated for a total of 677 residential units.[3][4][5] The complex will also include more than 400 internal parking spaces.[6]

The development has an estimated budget of $300 million.[7][8] Funding for parts of the project were supported by the federal, provincial and municipal governments.[1][9] The three levels of government committed to contribute a combined $24 million for the infrastructure project to support the site's redevelopment.[10][11] In October 2025, the federal government announced an additional $30 million investment through the Apartment Construction Loan Program for the first building's 79 residential units.[12]

The Fundy Quay also includes a public space named "Ihtoli-maqahamok – The Gathering Space". The name is derived from "gathering space" in the Wolastoqiyik language,[13][14] and was officially opened on July 22, 2024.[15]

Buildings

The buildings are set to be constructed sequentially at a pace of one building for every two years,[4] with completion expected for 2032.[16]

Building Phase Location Floors Units Use Status
1 (Southwest) 35 Water Street[4] 6 79[a] Residential and retail Under construction
2 (Southeast) Southeast corner,[5] Water Street frontage[17] 16 165 Residential and retail Approved in December 2021 as "Phase 1"[5]
3 (Northwest) Northwest 16 173 Mixed-use Proposed; estimated build-out target is 2028
4 (Northeast) Northeast corner 19 188 Mixed-use Proposed; estimated build-out target is 2030
5 (Community / Cultural) Waterfront 4 40 (potential) Community/cultural Proposed; estimated build-out target is 2032
Source:[18]

The first building, located on the southwest corner, will be six floors[b] with 79 units and ground-floor retail.[4]

History

The site of the Fundy Quay development was previously used by the Canadian Coast Guard as one of their sites.[20] The City of Saint John acquired the site from Fisheries and Oceans Canada in January 2011 for $2.8 million amidst Coast Guard relocation plans.[21][22]

Failed proposals (2005-2018)

In early 2005, the Saint John Development Corporation issued a call for proposals,[23][24][25] selecting the Hardman Group's $75 million hotel and condominium proposal in November.[26] The project was scrapped in 2011 due to lengthy delays in the land transfer process.[23] Proposals of a project on the site under the "Fundy Quay" name began as early as 2012.[27] In 2016, Moosehead Breweries announced plans to build a small-batch brewery on the site, but the project was cancelled the following year due to budgeting shortfalls.[23] In 2018, the city subdivided and sold a portion of the site to the province for a new New Brunswick Museum location, though the project was also cancelled.[28] Old Coast Guard buildings were periodically demolished,[20] including the administrative building in 2018.[10]

Fundy Harbour Group (2019-present)

In 2019, it was announced that David Elias would be developing the project.[29]

In April 2022, construction began to revitalize the site's seawall.[30] In January 2023, the Saint John City Council unanimously voted to approve the construction of the second of the five buildings.[17] That same year, as part of the project, construction also began on outdoor patios for business in the neighbouring Market Square.[31] The first building began construction in late 2023.[4]

Notes

  1. ^ Originally 111 when approved.[17]
  2. ^ Earlier reports mention the first building being 16 floors and on the southeast corner.[9][5] This is due to Fundy Harbour Group deciding to switch to building on the southwest corner instead in January 2023.[19]

References

  1. ^ a b "FAQs - Fundy Quay Development and Redesign". shapeyourcitysaintjohn.ca. Shape Your City Saint John. Retrieved 8 March 2024.
  2. ^ "Canada invests in new rental housing units in Saint John". Canada Mortgage and Housing Corporation. October 15, 2025. Retrieved March 3, 2026.
  3. ^ a b MacRae, Avery (November 6, 2023). "Uptown construction projects in Saint John, N.B., approaching next steps". CTV Atlantic. Archived from the original on November 7, 2023. Retrieved August 1, 2024.
  4. ^ a b c d e Urquhart, Mia (November 6, 2023). "Construction set to begin on first of 5 Fundy Quay buildings on Saint John waterfront". CBC News. Retrieved July 28, 2024.
  5. ^ a b c d Brad, Perry (15 December 2021). "S.J. Waterfront Development Will Feature 16-Storey Building With 165 Housing Units". Huddle. Retrieved August 8, 2024.
  6. ^ Urquhart, Mia (April 26, 2022). "Waterfront revitalization in Saint John picks up pace". CBC News. Retrieved November 26, 2025.
  7. ^ Perry, Brad (October 19, 2023). "Work begins on Fundy Quay development in Saint John". Country 94. Acadia Broadcasting. Retrieved August 1, 2024.
  8. ^ Fraser, Elizabeth (April 6, 2021). "Fundy Quay project focuses on scenery and restricting clutter at Saint John waterfront". CBC News. Retrieved August 8, 2024.
  9. ^ a b "1st building in Fundy Quay project passed shadow, wind studies". CBC News. January 11, 2022. Retrieved August 6, 2024.
  10. ^ a b Urquhart, Mia (February 19, 2021). "Work on proposed Fundy Quay project in Saint John to begin in the spring". CBC News. Retrieved August 6, 2024.
  11. ^ Letson, Cherise (February 19, 2021). "Governments Commit $24M To Prepare Waterfront Site For Development". 97.3 The Wave. Retrieved November 25, 2025.
  12. ^ MacRae, Avery (October 15, 2025). "Feds spending over $30 million for Saint John rental housing". CTV News. Retrieved March 3, 2026.
  13. ^ Moore, Nick (October 31, 2023). "New public space name in Saint John, N.B. honours city's Indigenous roots". CTV Atlantic. Archived from the original on October 31, 2023. Retrieved August 1, 2024.
  14. ^ Farley, Sam (October 31, 2023). "Revitalized Saint John waterfront space to be named Ihtoli-maqahamok". CBC News. Retrieved August 8, 2024.
  15. ^ Bates, Andrew (July 22, 2024). "City officially opens Gathering Space, after delay by protest". Telegraph-Journal. Retrieved March 3, 2026.
  16. ^ Moore, Nick (September 5, 2024). "Foundation set for first of five buildings at Fundy Quay site in Saint John, N.B." CTV News. Retrieved March 3, 2026.
  17. ^ a b c Perry, Brad (January 10, 2023). "Saint John Council Approves Second Fundy Quay Building". Huddle. Acadia Broadcasting. Retrieved July 28, 2024.
  18. ^ "35 Water Street – Staff Report". pub-saintjohn.escribemeetings.com. City of Saint John. Retrieved March 3, 2026.
  19. ^ "Work begins on Fundy Quay development in Saint John". Acadia Broadcasting. October 20, 2023. Retrieved March 3, 2026.
  20. ^ a b Power, Zack (July 13, 2023). "Saint John, N.B. businesses eagerly await completion of Fundy Quay". Global News. Retrieved August 1, 2024.
  21. ^ "Saint John moves closer to $100M development deal". CBC News. July 29, 2013. Retrieved March 3, 2026.
  22. ^ "Saint John plans waterfront redevelopment". CBC News. July 3, 2012. Retrieved March 3, 2026.
  23. ^ a b c Gill, Jordan (January 4, 2017). "Just around the corner: 13 years of arrested development at former Saint John Coast Guard site". CBC News. Retrieved July 28, 2024.
  24. ^ Linke, Rob; Kerr, Grant (January 10, 2005). "Project to be advanced in spring". Telegraph-Journal. p. 1. Retrieved March 3, 2026.
  25. ^ MacKinnon, Bobbi-Jean (January 18, 2005). "City ready to accept proposals for Coast Guard location". Telegraph-Journal. p. 5. Retrieved March 3, 2026.
  26. ^ Chilibeck, John (November 30, 2005). "Major project on the way for waterfont". Telegraph-Journal. p. 11. Retrieved March 3, 2026.
  27. ^ Southwick, Reid (February 25, 2012). "Waterfront Deal In The Works: Development Realtor looking worldwide and close to home in a bid to transform the Coast Guard site". Telegraph-Journal. p. B1. Retrieved July 28, 2024.
  28. ^ "Fundy Quay - Project Launch". City of Saint John. June 14, 2021. Retrieved March 3, 2026.
  29. ^ Letson, Cherise (December 3, 2019). "Fundy Quay Development Gets Green Light From Council". Country 94. Retrieved August 8, 2024.
  30. ^ Lyall, Laura (April 26, 2022). "Fundy Quay project underway at Saint John waterfront". CTV Atlantic. Retrieved August 8, 2024.
  31. ^ MacRae, Avery (May 4, 2023). "Fundy Quay development continues, creating a 'central gathering place' in Uptown Saint John, N.B." CTV Atlantic. Archived from the original on May 14, 2023. Retrieved August 1, 2024.
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