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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 Dec 24, 2021 2:45pm
193 Views
Post# 34261471

Mount Pleasant zoning.

Mount Pleasant zoning.This story points out that the City granted 7 times coverage on part of this site.
MPC has significant holdings here and the very hot Riverbend area in Burnaby where Amazon is getting a very large facility built. MPC has a long pipeline of development opportunities.

A city block-sized redevelopment in the core of the Mount Pleasant Industrial Area (MPIA) is set to become AbCellera’s new global headquarters office, and research and development hub.

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Vancouver City Council unanimously approved the rezoning applications for the new biotech research campus, with the east building located at 110 West 4th Avenue and the separate west building at 150 West 4th Avenue — between Manitoba and Columbia streets.

The nine-storey east building — replacing existing low-storey structures with A&B Party Event Rentals — will encompass 212,000 sq ft of total floor area, with 70% of the space outfitted as state-of-the-art flexible laboratory uses, and 30% as office and support spaces.

Meanwhile, the west building is already under construction, but city council’s approval allows for the mid-construction addition of two more floors — increasing the height to seven storeys, and growing the total floor area from 128,000 sq ft to 169,000 sq ft of office and research uses. A restaurant is also included in the ground level of the west building.

110 west 4th avenue vancouver abcellera

Artistic rendering of the AbCellera campus’ east building at 110 West 4th Avenue, Vancouver, with the west building faded. (Francl Architecture/AbCellera)

150 west 4th avenue vancouver abcellera a1

Artistic rendering of the AbCellera campus’ west building at 150 West 4th Avenue, Vancouver. (Taylor Kurtz Architecture & Design/AbCellera)

Both buildings combined will provide AbCellera with a total floor area of about 380,000 sq ft, with a floor area ratio (FAR) density of 7.0 for the east building and a FAR of 4.0 for the west building.

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