Artist renderings of proposed redevelopment. Submitted by Fortis Properties Corp.
Fortis Properties Corp. has submitted a major redevelopment application to the City of St. John's that would dramatically change the downtown's skyline if approved.
The proposed $75-million project includes the retrofit of the existing Fortis Building and a new 15-storey office building on Water Street, at the corner of Prescott Street and Harbour Drive.
"We believe this development will bring new business to the downtown, increase retail activity and further revitalize the city's downtown core through quality infrastructure and amenities," stated Nora Duke, president and CEO of Fortis Properties.
"Today's application recognizes our need to address the aging condition of our assets while providing much-needed Class A office inventory in the downtown core."
Key features of the new complex include 235,000 square feet of new Class A office space; 16,000 square feet of ground level retail; a total of 382 underground parking stalls accessible from Harbour Drive; a complete retrofit of the existing Fortis building; and a pedway connection between the Fortis Building and TD Place.
"Added features to the complex include an outdoor plaza which will provide an attractive, public square; a spacious harbour view atrium to house various amenities and services, as well as a curbside lane for public transit and drop-off traffic," said Duke.
The development involves the removal of four of the company's existing buildings, located at 151 to 163 Water Street.
The project is estimated to provide approximately 400,000 person hours of construction-related work.
"While Fortis Properties has operations across the country, St. John's is our home city," stated Duke. "We would be proud to make this level of investment here."
Fortis Properties, a wholly owned subsidiary of Fortis Inc., owns and operates 2.8 million square feet of commercial real estate primarily in Atlantic Canada, 21 hotels in eight Canadian provinces and six unregulated hydroelectric plants in Ontario.
Fortis Properties employs approximately 2,300 people.