Infinity Tower: Icon Developments' 30-Storey Moncton Highrise

Moncton has approved the tallest building in its history, and the paperwork is done. In November 2025 council gave final reading to the rezoning for a 30-storey residential tower at 291 Main Street, and the agreement was registered in the Westmorland County Registry Office in January 2026. The project is called Infinity Tower, and the developer is Icon Developments, based on Main Street in Moncton.

Whatever happens next, that approval is a real marker for the downtown. Here is exactly what was approved, what changed along the way, and where the project stands today.

What council actually approved

The numbers below come from the architectural plans filed as Schedule B to By-law Z-222.53, the version registered on 8 January 2026. They supersede figures circulating on older pages.

• 30 storeys above grade, plus one below
• 315 feet 4 inches, or 96.3 metres
• 273 residential units: 108 one bedroom, 154 two bedroom, 11 three bedroom, with 14 barrier free
• 405 parking spaces
• Ground floor commercial in a two to five storey podium facing Main Street
• A site of just over 61,500 square feet, zoned Central Business District

A detail worth knowing, because it is often reported as settled: the approval permits a range. Condition four of the agreement allows the height to vary provided the tower does not fall below six storeys. Thirty is the ceiling council authorised, not a floor.

What changed in the 2025 amendment

This project was first approved in 2023, and the plan that exists now is not that plan. The amendment council passed in November 2025 changed it in two ways that matter.

The unit count came down from 288 to 273. More visibly, the 10 two storey townhouses that were to face Harper Street are gone. Icon concluded that townhomes stacked over a parking structure did not work, and that portion of the site is now an indoor parking garage instead.

If you have read about street level townhomes on this project, that description is out of date. It was the specific thing the amendment removed.

Where the project stands today

Being straightforward about this, because the honest answer is more useful than a confident one.

The tower is fully approved and registered. That is not a small thing, and it is the hard part of any project this size. What has not happened is the next step. No building permit for the site appears in the City of Moncton's 2025 year end permit release or its first quarter 2026 release, both of which itemise the notable downtown permits. There has been no council or planning item on the project in 2026. Icon's own website still lists the construction date as to be determined, and CBC reported in October 2025 that construction had yet to start.

So as of late August 2026 the position is simply this: approved, registered, and not yet permitted. No source reports it as cancelled, and none reports it as under construction. Anyone quoting a firm start date is guessing.

One condition in the agreement sits directly in the path of a permit and is worth flagging. Council required Icon to reach an agreement with the City on the underground parking before a building and development permit can be issued. The site also carries engineered flood mitigation requirements for the lower parking level and a contaminated soil and groundwater management plan under provincial guidelines. Those are normal for a downtown site of this size near the river, and they take time.

Why the approval matters before a shovel moves

A zoning approval of this scale changes what is possible on the surrounding blocks, and it does that from the day it is registered.

Moncton's tallest occupied building today is Assumption Place at 20 storeys. CBC described this project on approval as one that could become the city's tallest occupied building, and at 30 storeys it would clear the existing skyline by a wide margin. Nothing else approved in the city is close; the next tallest approved is 18 storeys, at Botsford and Victoria.

The more useful signal is that Moncton council has now repeatedly voted to put significant residential height in the core rather than pushing growth to the edges. That is a durable planning direction, and it tends to pull investment toward the surrounding streets whether or not any single tower proceeds on schedule.

The rest of the downtown pipeline

Infinity Tower is the headline, but it is not the only thing moving, and the others have permits.

The City issued $114.8 million in building permits in the first quarter of 2026, following a record $477.9 million across 2025. The largest downtown permit of that first quarter was $43.4 million for a 17 storey residential building at 200 Assomption Boulevard. Also permitted: a six storey building at 24 Grand Trunk Street at $17.4 million, and a five storey at 45 Lewis Street at $10 million.

Separately, council approved the two 17 storey Gateway Towers on the riverfront in October 2024, which we covered in our piece on the riverfront master plan, and an 18 storey tower at Botsford and Victoria was rezoned in February 2024.

Read together, that is a downtown adding height in several places at once. Infinity Tower is the tallest of them and the one furthest from breaking ground.

What this means if you own or are buying nearby

For owners in and around the downtown core, approved density on this scale is generally supportive of land values over time, and it is already reflected in what developers are paying for sites in the area. That effect does not wait for construction.

For buyers, the practical point is to separate approved from underway. A registered rezoning tells you what a site is permitted to become. A building permit tells you something is actually happening. On this site the first exists and the second does not, and it is worth knowing which one you are relying on before you commit to a nearby property.

It is also worth being clear that the building is described in the council record and in news coverage as an apartment building. Whether the units will be sold or rented has not been stated publicly by the developer, so there is nothing here to reserve or purchase today.

The bottom line

Moncton has approved a 30 storey, 273 unit tower at 291 Main Street that would be the tallest occupied building in the city. The approval is registered and the design is settled. The permit is not issued and no construction has been reported.

That is a genuinely good piece of news for the downtown and an honest picture of the timeline at the same time. Both things are true.

If you are weighing a purchase near the core and want to understand which approved projects are likely to affect a specific street, current listings across the region are on the map search, and if you already own nearby, a home valuation is the place to start. Our wider look at what is being built across Greater Moncton is in the new construction pipeline.

Thinking about buying or selling near downtown Moncton? Knowing which projects are approved, which are permitted, and which are actually moving is the difference between guessing and deciding. Candace McKay works with buyers and sellers across Moncton, Dieppe and Riverview and is happy to talk it through. Reach out here and Candace will personally get back to you.

About Candace McKay. Candace McKay is a REALTOR® serving Moncton, Dieppe, Riverview and the surrounding communities of southeastern New Brunswick. She works with local move-up buyers, sellers and out-of-province clients relocating to the region, with a focus on pricing strategy grounded in sub-market data rather than regional averages.

Data sources: storey count, height, unit count, unit mix, parking and site dimensions are from the architectural plans filed as Schedule B to City of Moncton By-law Z-222.53, dated 26 September 2025 and registered in the Westmorland County Registry Office on 8 January 2026. The approval sequence, the conditions and the six storey minimum are from the City of Moncton council decisions of 6 October and 3 November 2025. The reduction from 288 to 273 units and the removal of the Harper Street townhouses were reported by CBC News on 7 October 2025, which also reported that construction had yet to start. Building permit totals and downtown permit figures are from City of Moncton news releases of 16 January 2026 and 23 April 2026. Developer details are from Icon Developments. The Gateway Towers and Botsford and Victoria approvals were reported by CBC News in October 2024 and February 2024. No construction start date, project cost or completion date has been published by any source, and none is stated here. Images are illustrative. This article is general information, not financial, legal or investment advice.