A surplus of commercial office space in the Saint John area is being cited as one of the reason Fort Reliance has nixed its proposed new headquarters office complex at Long Wharf.
In a letter hand delivered to uptown merchants — the company says the development could have negatively impacted the local commercial real estate market.
The company also re-affirms its commitment to return Long Wharf to its original state after driving steel foundation support beams at the site last summer.