A Moncton housing organization plans to create 30 affordable units in a former office building on St. George Boulevard.
Rising Tide group says renovations to begin in February to get units ready for occupancy
Hannah Rudderham · CBC News
· Posted: Jan 09, 2025 1:22 PM EST | Last Updated: 1 hour ago
Rising Tide bought the former Wawanesa Insurance building for $3.3 million. (Google Maps, 2019)
A Moncton housing organization plans to create 30 affordable units in a former office building on the corner of St. George Boulevard and Bessborough Avenue.
Dale Hicks, president of Rising Tide Community Initiatives Inc., said the building will be for seniors who are on the N.B. Housing waitlist.
“There’s 620 seniors that were on the … list in December,” said Hicks.
“So this is the first step in trying to … fill that gap in the community that’s not being filled right now.”
Rising Tide bought the former Wawanesa Insurance building for $3.3 million, and Hicks said the whole project will cost in the range of $8.5 million.
Hicks said Rising Tide has created 117 units, spread over 10 properties, since starting three years ago, but the organization’s original mandate was 153. The group has plans in place to submit building permits soon to reach that goal.
The building, at 1010 St.
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