Fundy Quay
From Wikipedia, the free encyclopedia
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]
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Fundy Quay in October 2025 | |
 Interactive map of Fundy Quay | |
| Location | Saint John, New Brunswick, Canada |
|---|---|
| Coordinates | 45.271692°N 66.063950°W |
| Status | Under construction |
| Groundbreaking | 2023 |
| Website | fundyquay |
| Companies | |
| Developer | Fundy Harbour Group |
| Technical details | |
| Cost | CA$300 million (estimated) |
| Buildings | 5 |
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]