CaDCR staff writer
Moncton city council has approved the $90 million Gateway Towers waterfront towers project
Sackville-based J.N. Lafford Realty Inc. plans the mixed-use project to include two 17-storey structures.
There will be 380 residential units, and two levels of indoor parking along with commercial spaces on the main level.
Most of the Gateway Towers site covers land was already owned by Lafford and had the necessary zoning for development, CBC reported.
Earlier this summer, council voted to sell some municipally owned land to the developer.
The broadcaster quoted Bill Budd, the city’s director of planning and development, as saying the land the city is selling as a “ditch area” that has been “problematic” because of homeless encampments in the past.
