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Madison Pacific Properties Inc MDPCF


Primary Symbol: T.MPC Alternate Symbol(s):  T.MPC.C

Madison Pacific Properties Inc. is a Canada-based real estate company, which owns, develops, and operates office, industrial, commercial, and multi-family rental properties located in British Columbia, Alberta, and Ontario. The Company also has investments in joint ventures that develop residential properties. The Company’s investment portfolio comprises around 54 properties with approximately 1.9 million rentable square feet (sq. ft) of industrial and commercial space and a 50% interest in two- multi-family rental properties with a total of 94 units. It offers a range of property management services for its portfolio of investment properties, which include tenant services and relationships, building operations, lease administration, property accounting and reporting and project management services. Its development properties include a 50% interest in the Silverdale Hills Limited Partnership which owns approximately 1,400 acres of development lands in Mission, British Columbia.


TSX:MPC - Post by User

Post by undervalueon Aug 30, 2022 3:57pm
126 Views
Post# 34930555

Mission is happening. Aug 2022 report on City web site.

Mission is happening. Aug 2022 report on City web site.The CNP is projected to build-out through phased development over the next 60+ years to accommodate community growth. In general, construction of major infrastructure components or linkages will define how development phasing proceeds. As municipal trunk servicing infrastructure extends to the CNP from Silverdale Avenue and Highway 7, the Lower Slopes District is expected to be the first portion of the neighbourhood to develop with new urban services - with phased development generally Silverdale Central Neighbourhood Plan (CNP) 647 proceeding from east to west. Sequencing of the Mid + Upper Slope Districts will depend on future market demand and servicing efficiencies. The following describes the major infrastructure requirements for phased build-out of the CNP Development District and identifies those items needed at the start of each conceptual development phase. Lower Slopes Major Infrastructure Requirements
Lower Slopes Major Infrastructure Requirements • TRUNK SERVICES | Construction of Gap Servicing Infrastructure connection along Nelson, Gill, crown lands and raceway. Required to begin CNP construction. • STREETS | Construction of Arterial Street connection into the CNP; construction of the Lower Slopes Street Network, including a new 4-lane Arterial Street along Silverdale Avenue between Highway 7 and Loftus Street; a new 2-lane Arterial Street from Silverdale Avenue to Gunn Avenue; upgrades to provide improved capacity for left-turn vehicles from Nelson Street onto Highway 7. • WATER | Construction of a new Water Pump Station near Nelson Street and Highway 7; new Supply Watermain from the pump station to Olson Avenue; and a new Water Reservoir at the elevation near Olson Avenue. Required to begin Lower Slopes construction. • SANITARY | Construction of two new Sanitary Pump Stations near Nelson Street and Silverdale Avenue, and the central portion of Silverdale Avenue; new Gravity Sewer, Siphon Sewer or Forcemain within the ROW of the Gunn Avenue and Silverdale Avenue Arterial alignments. The first pump station and siphon sewer are required to begin Lower Slopes construction. • STORM | Construction of storm sewer diversion main and outfall.
Interim Servicing Strategy The City of Mission is exploring the potential for Interim Servicing to enable the development of the initial residential units in the eastern portion of the Lower Slopes. Interim Servicing is not expected to delay construction of the Trunk Servicing required for the CNP.
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