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Madison Pacific Properties Inc T.MPC

Alternate Symbol(s):  MDPCF | 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 Mar 18, 2022 12:46pm
107 Views
Post# 34525755

Central Neighborhood.

Central Neighborhood.Central planning phase 3 is at council March 21.
From the report.
Note the 10,255 units, the JV has 74% of the lands. 


Land Use Breakdown  The remaining developable area, approximately 284.0 ha, or 38.7% of the land area, is divided into numerous types of land uses ranging from mixed use commercial/residential as the highest intensity use to rural residential representing the lowest density. The goal is to retain a range of uses to meet the growing need of the city therefore, a wide range of housing forms are being planned to appeal to wide range of the market. Below is a breakdown of the developable land by area and percentage:  Single Family Rural     4.27 ha / 0.6% Single Family      152.77 ha / 20.8% Townhouse      108.52 ha / 14.8% Apartment      12.99 ha / 1.7% Mixed Use      3.70 ha / 0.5% Commercial      1.81 ha / 0.25% Total Developable Area    284.06 ha / 38.7% Roads       111.38 ha / 15.1% TOTAL      395.44 ha / 53.9% Based on the above land use plan, the target population equates to approximately 23,900 people (the MIS contemplated a target population of 21,900) with 10,255 housing units of varying housing typologies. Please see below for a summary of housing and mix data:  Housing Type: Units (approx.): Percentage: Single Family 1846 18% Townhouse 5435 53% Apartment + Mixed Use 2974 29% Total: 10,255 100%  Land Ownership Analysis  Part of the land use analysis showcases the distribution of land uses by landowner type – proponent held lands versus privately held lands. Currently, the proponent holds approximately 512 ha (74%) whereas privately held lands make up 197 ha (26%). Attachment G – Land Ownership Analysis outlines the breakdown of land uses by ownership group.  The goals the plan is attempting to achieve for all land owners include:   a) Equity for all landowners in terms of development potential: This goal has fundamentally shifted through the planning process. Initially, privately held landowner rights and privacy were attempted to be protected, however, as the plan has progressed, a shift to greater development potential has been
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