Pride and Craftsmanship in Every Property
The newly formed Commercial Properties Limited builds and develops the first high rise building in the historic port city; Brunswick House office tower in Saint John, New Brunswick. It remains the company’s only rental property for many years.
Commercial Properties begins restoration of CenterBeam Place; a city block of heritage buildings (1878-1880) built at the harbor’s edge, in Saint John, New Brunswick. The buildings are incorporated into a single 100,000 square foot complex supported by 21st century engineering and mechanical systems.
The first phase of the CenterBeam Place project opens.
Commercial Properties purchases Commerce Place; a six storey class “A” 60,000 sq. ft. office property situated in the heart of downtown Moncton. Anchored by the Bank of Montreal, Commerce Place houses many of the city’s premiere banking and investment firms.
Commercial Properties purchases Jones Lake Place; a two storey, Class B office building of 60,000 sq. ft located on Moncton’s busy Main Street, situated across from scenic Jones Lake.
The final phase of the CenterBeam Place project is completed -- Somerset Square, located at 130 Somerset Street in the city’s north end. The 25,000 square foot complex subsequently achieves Gold status in Leadership in Energy and Environmental Design (LEED), making it the first private sector development of its kind in Atlantic Canada -- The final phase of the CenterBeam Place project is completed.
Commercial Properties purchases one of Saint John’s signature office buildings, the class “A” building Mercantile Centre located at 55 Union St. The building is prominently located at the north and west approaches to the uptown business district and features an attached parking structure. Interior finishes are of high quality materials and views are superb.
In addition to LEED Gold status, Somerset Square receives recognition by Efficiency NB for the extra effort made to reduce environmental impact, and is awarded the 2009 Brownie Award for best small scale development by the Canadian Urban Institute (CUI) in Excellence in Project Development.
Commercial Properties Limited purchases the Ordnance Building and restores both the exterior and interior. Located at 274 Sydney Street, the British Military Ordnance Building has been part of Canada’s military history for the past two centuries. Originally constructed in 1842 for Saint John’s British Army Garrison, the Ordnance Building housed weapons and military supplies. The building was designated a Heritage Conservation Property in 2009. The building has restored to high energy efficiency standards and is the first building of its kind to achieve Efficiency NB’s new Prescriptive Path with the Start Smart program for commercial construction. The development is the first historic green restoration of its kind.
Brunswick House becomes the first privately owned office building in New Brunswick to obtain a level three BOMA BESt certification for environmental excellence and building management -- Commercial Properties Limited purchases one of Saint John’s most recognizable landmarks; the Red Rose Building, located at 12 Smythe Street, Built in 1903, this building has served as a gateway to the city’s centre for more than a century, and it is the last-standing example of the tea importation industry that thrived in Saint John from the mid-nineteenth to the mid-twentieth century.
The Mercantile Centre is certified for its environmental excellence and building management standards, achieving level 2 in the BOMA BESt program. Its tenants participate in recycling, composting and many other sustainability practices. Electricity, water consumption and HVAC usage are actively monitored through an energy management dashboard to ensure efficient operation.
Commercial Properties is pleased to welcome the Bank of Montreal back to their original Saint John home at the corner of King and Prince William Street.
CenterBeam Place is certified under the BOMA BESt program for its environmental excellence and building management standards.
The Mercantile Centre, The Red Rose Tea Building, Brunswick House, and Somerset Square are successfully recertified in the BOMA BEST program for their environmental excellence and building management standards. A major acquisition was the Union Club Building, a cultural icon built in 1890. Commercial Properties is pleased to provide our expertise in Heritage Buildings to assist the Union Club in their revitalization.
Jones Lake Place receives BOMA BESt certification and Commerce Place is successfully recertified. As BOMA Canada increases their standards for certification in environmental excellence and energy efficiency, CPL is responding through increased scope of recycling and composting, and by meeting benchmark targets for water and energy usage in its buildings. Planning approval received to build a new retail outlet for NB Liquor in Uptown Saint John, to be opened before year end (insert sketch here).