Latest news with #BusinessPark
Hamilton Spectator
4 days ago
- Business
- Hamilton Spectator
Province Seeks Feedback on Proposed MZO for Sandiford Seniors Complex
The Ministry of Municipal Affairs and Housing (MMAH) has posted a Minister's Zoning Order (MZO) request to the Environmental Registry of Ontario regarding a proposed seniors living centre by Gottardo Construction and the Sheriff Corporation. Their currently vacant 1.38-hectare property is located at 188 Sandiford Dr., at the northwest corner of Sandiford and Hoover Park drives. The MZO would permit full residential dwellings by eliminating existing zoning restrictions that limit electrical capacity to 219 volts. That cap has prevented the inclusion of full kitchens and laundry facilities within individual units, ensuring the development remained consistent with the parcel's designated institutional uses. As described by the Ministry, an MZO 'regulates the use of land and the erection, location, and use of any building or structure on the land, and prevails over the existing municipal zoning by-law to the extent there is any conflict.' If approved, the Zoning Order would allow complete residential units and independent living, which are otherwise not permitted under the property's Employment Business Park designation, as outlined in the Town's Official Plan. The new permission would effectively bypass the need for Gottardo to secure an Official Plan Amendment for the change. The MZO request met the Ministry's intake thresholds with an endorsement from Stouffville Mayor Iain Lovatt. A similar process occurred last November when the Mon Sheong Foundation sought an MZO to upzone and expand its own seniors facility on a neighbouring site. Only mayors who have been granted Strong Mayor Powers can personally endorse MZO requests over a Council resolution. While early expectations suggested Gottardo's request might intensify the site, the proposed upzoning will not increase the 212 unit count already approved by Stouffville's Council in 2023. 'This request is being made to expedite approvals for this proposal that would provide additional options for seniors housing,' the Ministry stated. 'This MZO request would allow up to 212 units providing a range of care services to its residents either directly through its staff or indirectly through another provider within the already permitted six-storey senior's care facility.' According to a June 2023 staff report , current zoning permits two six-storey buildings connected by a single-storey amenity structure. The approved Zoning By-law Amendment allows the buildings to reach just under 20 metres in height, excluding rooftop mechanical and servicing elements. The MZO request does not seek to alter height permissions. The applicant's approved proposal includes 94 independent, 66 independent-supported, and 52 assisted living units, offering a variety of care levels for the centre's future residents. Including studio, one-bedroom, and two-bedroom units, a total of 242 beds were permitted. Those unit types could be altered should MMAH approve the MZO to allow for complete independent dwellings, though any changes would depend on finalized terms. 'Those changes depend on if the Minister allows a certain percentage to be upzoned, or if they allow the whole thing,' said Commissioner of Development Services Dwayne Tapp in comments to Bullet Point News. 'But it could result in a permission that allows for individual independent dwelling units for a hundred percent of the site.' Gottardo's 2023 application planned to deliver 153 parking spaces. That parking rate was well above the Town's institutional standard of one space per three beds, which mandated a total of 81 spaces. However, if units were reclassified as independent residential dwellings not requiring care services, a higher parking standard may apply. Stouffville's Comprehensive Zoning By-law requires 1.25 resident spaces and 0.25 visitor spaces per standard apartment unit. If required, changes could be addressed through an updated site plan application, and Tapp noted that a final zoning review also occurs at the building permit stage. Should the MZO allow for Gottardo's project to maintain its institutional land-use designation while also permitting independent residential units, the builder could avoid the need to increase its parking provision. According to the Ministry, the MZO request does not include any terms specifying parking standards. 'Parking requirements are based on use. If these units are still considered institutional following implementation of the MZO, those rates will not require changes' Tapp told us. 'If the institutional designation no longer applies, Staff may interpret these units as complete residential dwellings and require the full 1.25 spaces.' The Ministry is asking the public to weigh in on whether the requested MZO should move forward and to flag any potential concerns to help inform its decision making. Residents and other stakeholders will have until August 9, 2025 to offer comments, which can be submitted through the Environmental Registry of Ontario website . Error! Sorry, there was an error processing your request. There was a problem with the recaptcha. Please try again. You may unsubscribe at any time. By signing up, you agree to our terms of use and privacy policy . This site is protected by reCAPTCHA and the Google privacy policy and terms of service apply. Want more of the latest from us? Sign up for more at our newsletter page .
Business Recorder
23-04-2025
- Business
- Business Recorder
Minister, CBC delegates discuss establishment of China Business Park
LAHORE: A delegation of Chinese Business Council met with Punjab Minister for Industries, Commerce, and Auqaf Chaudhry Shafay Hussain. The delegation was led by Executive Chairman of the Chinese Business Council, Chen Qiang Jiang. During the meeting, the provision of waqf land of the Auqaf Department for the establishment of China Business Park was reviewed. Provincial Minister Chaudhry Shafay Hussain stated that approval from the provincial cabinet will be sought to lease the waqf land of the Auqaf Department for the China Business Park. The minister directed that a proposal be prepared for leasing the Auqaf Department's land and instructed that a survey be conducted of the land connected to the shrine of Hazrat Noor Shah Attari near Ferozepur Road regarding industrial infrastructure. Chaudhry Shafay Hussain further stated that the Chinese Business Council should present a complete plan regarding the establishment and investment of the business park. The Council may also set up business park in Punjab's special economic zones. The minister added that many foreign investment companies, including those from China, have already invested in Punjab, and many more are ready to do so. 'Bringing new investment to Punjab is my mission and all possible steps are being taken to achieve this goal,' he emphasized. Executive Chairman of the Chinese Business Council, Chen Qiang Jiang said that the Council intends to establish a China Business Park in Punjab and will invite Chinese companies to invest in it. He mentioned that companies from China associated with shoe making, artificial intelligence, electric vehicles, technology, and other sectors are ready to invest in the region. The meeting was also attended by Secretary Auqaf Dr Tahir Raza Bukhari, Additional Secretary Auqaf, Director General Auqaf, and other concerned officers. Copyright Business Recorder, 2025
Yahoo
16-04-2025
- Business
- Yahoo
Alexander & Baldwin Announces Ground Lease at Maui Business Park
HONOLULU, April 16, 2025 /PRNewswire/ -- Alexander & Baldwin, Inc. (NYSE: ALEX) ("A&B" or "Company"), a Hawai'i-based owner, operator, and developer of high-quality commercial real estate in Hawai'i, announced the execution of a 75-year ground lease for 4.7 acres at its Maui Business Park Phase II project in Kahului, Maui. The lease agreement is with a prominent self-storage developer. "I am pleased with the robust commercial activity and strong interest we continue to see at Maui Business Park," said Lance Parker, president and chief executive officer. "This long-term ground lease represents a capital-efficient approach to expanding our portfolio and transforming non-income generating land into a productive asset. With this new relationship, we have an opportunity to invest in the development of the asset as well. Alongside our ongoing build-to-suit development project, this agreement demonstrates our commitment to strategically enhancing our commercial real estate portfolio and delivering value to our investors, tenants, and the local community." ABOUT MAUI BUSINESS PARK PHASE IIMaui Business Park Phase II is a 125-acre, mixed-use development near the Kahului Harbor and Kahului Airport, with immediate and easy access to all parts of Maui Island. The park has successfully attracted national, regional, and local businesses, establishing itself as Maui's prime neighborhood retail and industrial submarket. Leasing and sales are underway for lots ranging from one-half to five acres located within an Opportunity Zone, affording potential tax deferral benefits to qualified land purchasers. For more information on parcels available for sale or leasing opportunities at Maui Business Park Phase II, visit or contact Bill Froelich at ABOUT ALEXANDER & BALDWINAlexander & Baldwin, Inc. (NYSE: ALEX) (A&B) is the only publicly-traded real estate investment trust to focus exclusively on Hawai'i commercial real estate and is the state's largest owner of grocery-anchored, neighborhood shopping centers. A&B owns, operates and manages approximately 4.0 million square feet of commercial space in Hawai'i, including 21 retail centers, 14 industrial assets and four office properties, as well as 146 acres of ground lease assets. Over its 155-year history, A&B has evolved with the state's economy and played a leadership role in the development of the agricultural, transportation, tourism, construction, residential and commercial real estate industries. FORWARD-LOOKING STATEMENTSStatements in this release that are not historical facts are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and involve a number of risks and uncertainties that could cause actual results to differ materially from those contemplated by the relevant forward-looking statements. These forward-looking statements include, but are not limited to, statements regarding possible or assumed future results of operations, business strategies, growth opportunities and competitive positions. Such forward-looking statements speak only as of the date the statements were made and are not guarantees of future performance. Forward-looking statements are subject to a number of risks, uncertainties, assumptions and other factors that could cause actual results and the timing of certain events to differ materially from those expressed in or implied by the forward-looking statements. These factors include, but are not limited to, prevailing market conditions and other factors related to the Company's REIT status and the Company's business, the evaluation of alternatives by the Company related to its non-core assets and business, and the risk factors discussed in the Company's most recent Form 10-K, Form 10-Q and other filings with the Securities and Exchange Commission. The information in this release should be evaluated in light of these important risk factors. We do not undertake any obligation to update the Company's forward-looking statements. Learn more about A&B at Media Contact: Andrea Galvinagalvin@ Investor Contact:Jordan Hinojhino@ View original content to download multimedia: SOURCE Alexander & Baldwin, Inc.
Associated Press
14-03-2025
- Business
- Associated Press
North Omaha: Moving Forward – Transformation 2030 Sparks Momentum for Change
'This summit reinforced that when we align our efforts and remain strategic, we can secure the investments, policies, and opportunities needed to bring about real change.' — Willie Barney, CEO and founder, Empowerment Network OMAHA, NE, UNITED STATES, March 14, 2025 / / -- On Saturday, March 8, more than 100 business owners, residents, community leaders and policymakers gathered to outline a strategic vision for North Omaha's future during North Omaha: Moving Forward – Transformation 2030. Backed by the Empowerment Network, the summit addressed policy, economic development, education, housing, safety, and entrepreneurship, and served as a powerful catalyst for action. 'To truly transform North Omaha, we must continue moving forward with a united front,' said Willie Barney, CEO and founder, Empowerment Network. 'This summit reinforced that when we align our efforts and remain strategic, we can secure the investments, policies, and opportunities needed to bring about real change.' North Omaha: Moving Forward – Transformation 2030 featured key discussions on legislative and policy matters, with speakers emphasizing the need to prepare for the 2026 legislative session. Topics included juvenile justice reform, sentencing laws for minors, and securing funding for community initiatives. Attendees were urged to engage in interim hearings and advocate for policies that support North Omaha's growth. Presenters included State Senators Ashlei Spivey and Terrell McKinney and County Commissioner Chris Rodgers, as well as representatives from Davis Contracting, Creighton University, Hayes & Associates, Malcolm X Foundation, Omaha Northwest High School Principal Dr. Kimberly Jackson and the Empowerment Network's Skill Up/Power Up Omaha Program. The theme of economic empowerment reverberated across discussions throughout the morning. Leaders stressed the need for a comprehensive development plan, ensuring that North Omaha has access to critical funding and business resources. Omaha's Inland Port Authority and the Airport Business Park programs were highlighted as key projects that will drive job creation and economic growth. Designed to manage inland port districts, the Inland Port Authority can enhance economic activity, attract businesses and improve freight transportation efficiency. As a commercial and industrial development located near an airport, designed to attract logistics companies, manufacturers, and businesses that benefit from proximity to air transportation, the Airport Business Park program intends to attract new industries and jobs to the Omaha market. Entrepreneurship remains a central pillar of transformation. During the summit, attendees learned about financial literacy tools, access to capital and programs designed to support the growth of Black-owned businesses. According to data from the Brookings Institute, between 2017 and 2022, the number of Black-owned businesses with employees increased by 95 percent in Omaha, representing a significant rise in Black entrepreneurship during that period. This data reinforces the potential for sustained economic expansion. With the goal of increasing North Omaha's graduation rate from 70 to 90 percent in the next five years, education leaders discussed strategies including mentorship programs, career pathways and financial literacy training for students. Through programs like Cradle to Career, a community initiative spearheaded by Empowerment Network and aimed at guiding Omaha youth from early childhood to successful career placement, students are provided with resources and a pathway to achieve academic success. Efforts to increase affordable housing, homeownership opportunities and revitalization projects were a focal point, alongside discussions on community safety. North Omaha is experiencing increasing growth with private developers that grew up in the neighborhood. A united approach to violence prevention and justice reform was emphasized, with speakers calling for greater community involvement in advocacy efforts and accountability. The next meeting in April will bring the community together to finalize the plans. 'We've had more than 500 leaders, residents and stakeholders engage in the Transformation 2030 meetings this year,' said Barney. 'Thousands have provided input over the past year through summits and conferences. The community has helped to establish goals, review and add solutions, discuss policies and produce initial priorities. Next month we will move to budgets and finalizing the strategic plan and immediate actions.' The Empowerment Network plans to formally launch the Transformation 2030 plan at its annual Rebuilding the Village Conference on Friday, May 16. The annual summit is supported by community partners and initiatives, including Charles Drew Health Center, Inc., Family Housing Advisory Services, Inc., Great Plains Black History Museum, Metropolitan Community College, Omaha 360, Omaha Economic Development Corporation, Step-Up Omaha and Urban League of Nebraska. As an organization dedicated to building safe and thriving communities through economic, educational and social success, Empowerment Network is also supported in part by the My Brother's Keeper Alliance, a program of The Obama Foundation. Initiatives like The State of North Omaha annual summit promote supportive communities for boys and young men of color, ensuring they feel valued and have clear pathways to opportunity. About the Empowerment Network The Empowerment Network is a nonprofit organization committed to advancing economic, social and civic progress within Omaha's African American community, North Omaha and the region. Through collaborative efforts and innovative initiatives, the Empowerment Network strives to create opportunities for empowerment and transformation in every zip code and neighborhood in the City of Omaha and other national communities. Vicki Quaites-Ferris The Empowerment Network +1 402-502-5153 Facebook X LinkedIn YouTube Legal Disclaimer:
