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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 company, which owns, manages and develops commercial real estate assets. These industrial, retail, residential and office assets are located in British Columbia, Alberta and Ontario. The Company’s investment portfolio comprises 55 properties with approximately 1.9 million rentable sq. ft. of industrial and commercial space and a 50% interest in seven multi-family rental properties with a total of 219 units. Approximately 91.25% of available space within the industrial and commercial investment properties is leased and within the multi-family residential properties, 98.2% is leased. Its development properties include a 50% interest in the Silverdale Hills Limited Partnership which owns approximately 1,405 acres of primarily residential designated development lands in Mission, British Columbia. Its portfolio includes 1919 W 8th Vancouver, British Columbia and 1873 Adanac St. Vancouver, British Columbia.


TSX:MPC - Post by User

Post by undervalueon Apr 17, 2023 12:02pm
165 Views
Post# 35398553

Rupert Station

Rupert Station

At the February 1st Standing Committee on City Finance and Services meeting, City staff provided an update to Council on the Rupert and Renfrew Station Area planning process. The report approved by Council updates the boundary of the Still Creek floodplain, and associated regulations. New buildings constructed in the floodplain will now need to meet the updated requirements, which primarily involve setting the minimum floor elevation for habitation, business, and storage of goods at or above the recommended Flood Construction Level outlined in the report. If you have questions about the new requirements, please contact City staff at rupertrenfrewplan@vancouver.ca

City staff have provided additional information to the industry on next steps. Work will continue on Phase 1 public engagement in mid-January to late February. City staff are still working to complete technical studies over the coming months, including: 

  • Still Creek Enhancement and Rehabilitation Study; 
  • Economic testing for the financial viability of different building types, sizes and locations; 
  • Watershed analysis; 
  • Traffic counts. 

Please note that since the last engagement session with the development industry in May 2022, the timeline has been extended by a few months. For a summary of engagement to date, please refer to Appendix B of the Phase 1 Engagement Summary. Public engagement has resumed, and will now provide the opportunity for the development industry to identify arts, culture and heritage assets in the area, share preferences for new housing options and their potential locations, and comment on transportation improvement. A community survey is available until February 28th, 2023. For more information on public engagement opportunities, including open houses, please visit the City’s Shape Your City website for the planning process. 

 In April/May 2023 and September 2023 the City will organize another workshop for economic stakeholders to review some draft policies and land use regulations in the employment lands and overall plan area, before going out to the public in September 2023 with the next public engagement phase. 

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