Homberg Invest is planning to spend $45 million in downtown Charlottetown on multiple properties and renovations.
The announcement was made in Charlottetown on Thursday at a press conference in the Confederation Centre.
Richard Homberg of Homberg Invest told the assembled crowd that his company has already started to build an 8-story office tower on Fitzroy Street beside the former Playhouse/JR's Place. It also plans to build a 10-story hotel connected to the Confederation Court Mall, on the Queen Street side.
Plans also include improving the exterior cladding of the National Bank tower that is part of the mall complex, improving the exterior of the former Holman's faÇade on Grafton Street, creating an underground pedway between the mall and the Confederation Centre of the Arts.
The plans also include renovations to the mall and a shift toward botique-style retail, said Homberg.
Homberg plans to invest $45 million in downtown Charlottetown
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