Latest news with #RockDevelopments
CTV News
10 hours ago
- Business
- CTV News
New development to reshape east Windsor: Is Costco coming?
Heavy construction equipment is seen at the site of a large box store commercial development in east Windsor. June 19, 2025. (Chris Campbell/CTV News Windsor) A development in east Windsor is being called the, 'catalyst that's going to reshape the entire neighbourhood.' That's according to Brook Handysides, senior vice president and sales representative with real estate company CBRE, which has announced that a deal to assemble the land and develop the infrastructure needed for a major box store commercial development in the east end has been finalized. Handysides points to the project benefitting over a dozen vacant parcels of land in the area. 'Ultimately, how that ends up getting developed over time, it will mature effectively as this first development takes off,' he said. 'It's just going to be positive things for the East Windsor area and the Tecumseh-Lauzon retail corridor. CBRE Windsor, on behalf of Rock Developments, worked for two years to bring together the deal on a 33-acre piece of property north of Tecumseh Road East and west of Catherine Street, just off Lauzon Parkway, behind the east-end Walmart and Home Depot. While it has yet to be confirmed exactly what the development will be, the conceptual drawing presented to the city shows it will include the colour 'Costco Red.' In early February, city council approved over $19.6-million in funding to support land acquisition costs and infrastructure upgrades to service the project, including road work and storm and sanitary sewer additions, while the developer will contribute almost $10.7 million to the work. The Forest Glade North Secondary Plan Area has identified the need for two new north-south collector roads to service the area north of Tecumseh Road, between Jefferson Boulevard and Lauzon Parkway. The collector roads would extend from Tecumseh Road (Roseville Gardens Drive) and include the future westerly extension of Catherine Street, work that is also expected to open access to several other vacant lots near the east-end Walmart and RONA for future development. east windsor - development - june 2025 Heavy construction equipment is seen at the site of a large box store commercial development in east Windsor. June 19, 2025. (Chris Campbell/CTV News Windsor) Handysides said this will ultimately connect the whole grid together and allow for enhanced vehicular access. 'Lands that are effectively dormant to development until now, with them being unlocked with the services and road construction that will happen in this area to ultimately accommodate this end user,' he added. According to Handysides, the area already has a significant retail footprint within this zone, including Tecumseh Mall, combined with residential densification around Lauzon and McHugh Street. 'Retail likes to see rooftops, and when you see more residents moving into the area and you have the road infrastructure to accommodate it, it just makes it right for continued densification. That's ultimately why I think this deal came together,' he said. The development calls for commercial uses that will include retail, a gas station, and restaurants, with the gas pumps expected to be part of Phase 1. The plan also calls for approximately 25,000 square meters of floor space and just under 1,400 parking spots. Windsor already has a Costco located at 4411 Walker Rd., not far from Provincial Road. — Rusty Thomson/AM800 News
Zawya
5 days ago
- Business
- Zawya
Egypt: Rock Developments to launch new 17-feddan residential project in New Heliopolis
Egypt - Rock Developments is set to unveil its latest residential community in East Cairo, located in the heart of New Heliopolis. The official launch is expected by the end of the month. Emad Doss, Managing Director of Rock Developments, stated that the upcoming project represents a key milestone in the company's ongoing expansion strategy to deliver fully integrated residential environments. Spanning 17 feddans, the development will maintain a low building footprint—limited to just 15%—with over 85% of the land dedicated to landscaped gardens and open green spaces. According to Doss, the project will feature a diverse range of residential units and standalone villas, designed with modern aesthetics and offered in various sizes to meet the needs of today's homebuyers seeking a contemporary lifestyle. The community will also include a comprehensive suite of amenities, such as jogging and walking tracks, children's play areas, co-working spaces, reading zones, a sports area, and pet-friendly spaces. Residents will benefit from round-the-clock security and maintenance services. Doss noted that the first phase of the project will launch soon with competitive pricing, and units are expected to be delivered by 2029. Rock Developments is the real estate arm of El Batal Group for Investment. Its growing portfolio includes residential and commercial developments across Egypt and Canada under the 'Rock' brand, such as Rock White in New Heliopolis, Rock Yard in Sheraton, Rock Eden in 6th of October, Rock Capital 1 in the New Administrative Capital, and both Rock Vera and Rock Gold Mall in New Cairo.
Daily News Egypt
5 days ago
- Business
- Daily News Egypt
Rock Developments to launch new 17-feddan residential project in New Heliopolis
Rock Developments is set to unveil its latest residential community in East Cairo, located in the heart of New Heliopolis. The official launch is expected by the end of the month. Emad Doss, Managing Director of Rock Developments, stated that the upcoming project represents a key milestone in the company's ongoing expansion strategy to deliver fully integrated residential environments. Spanning 17 feddans, the development will maintain a low building footprint—limited to just 15%—with over 85% of the land dedicated to landscaped gardens and open green spaces. According to Doss, the project will feature a diverse range of residential units and standalone villas, designed with modern aesthetics and offered in various sizes to meet the needs of today's homebuyers seeking a contemporary lifestyle. The community will also include a comprehensive suite of amenities, such as jogging and walking tracks, children's play areas, co-working spaces, reading zones, a sports area, and pet-friendly spaces. Residents will benefit from round-the-clock security and maintenance services. Doss noted that the first phase of the project will launch soon with competitive pricing, and units are expected to be delivered by 2029. Rock Developments is the real estate arm of El Batal Group for Investment. Its growing portfolio includes residential and commercial developments across Egypt and Canada under the 'Rock' brand, such as Rock White in New Heliopolis, Rock Yard in Sheraton, Rock Eden in 6th of October, Rock Capital 1 in the New Administrative Capital, and both Rock Vera and Rock Gold Mall in New Cairo.
Zawya
12-06-2025
- Business
- Zawya
Rock Developments set to launch its latest project in New Heliopolis, featuring over 85% green spaces
Rock Developments is set to announce its latest project in East Cairo soon—a brand-new residential development in a prime strategic location in New Heliopolis. The project offers a balance between tranquility and easy access to major landmarks and main roads, with full details expected to be revealed by the end of the month. Eng. Emad Doss, Managing Director of Rock Developments, stated that the new project marks another step in the company's expansion strategy to deliver fully integrated residential communities. The development stands out as a purely residential compound with no commercial activity, offering a premium living experience focused on privacy, green spaces, and quality of life—ensuring the highest levels of comfort and quiet for residents. He added that the new residential project spans over 17 feddans, with a low building footprint of no more than 15%, dedicating more than 85% of the area to gardens and open spaces, along with distinctive water features that enhance the overall aesthetic. Doss noted that the project is surrounded by several upscale residential compounds, as well as key educational and healthcare facilities, positioning it as one of the most promising destinations for a fully integrated lifestyle in the heart of New Heliopolis. Doss pointed out that the project will feature a variety of residential units and private villas with elegant, modern designs in diverse sizes—catering to the needs of a broad segment of customers seeking a contemporary lifestyle. He explained that the new residential project will be equipped with a comprehensive range of amenities and services, including jogging and walking tracks, children's play areas, co-working spaces, reading zones, a sports area, and dedicated spaces for pets, in addition to 24/7 security and maintenance services. The company's managing director revealed that the first phase of the project is scheduled to be launched soon at competitive prices, with expected delivery in 2029. Rock Developments is the real estate arm of El Batal Group for Investment. Its portfolio includes several residential and commercial projects in Egypt and Canada under the "Rock" brand, such as: Rock White in New Heliopolis, Rock Yard in Sheraton, Rock Eden in 6th of October, Rock Capital 1 in the New Administrative Capital, and both Rock Vera and Rock Gold Mall in New Cairo.
Tahya Masr
14-04-2025
- Business
- Tahya Masr
Crédit Agricole Egypt partners with Rock Developments to introduce mortgage solutions
Crédit Agricole Egypt has signed a cooperation agreement with Rock Developments to introduce mortgage solutions . This agreement will allow Rock Developments clients to have access to the bank's long-term mortgage financing solutions (down payment of 20% and financing up to 80% of the unit's value, with payment terms up to 15 years) . The cooperation agreement was signed by Ms. Nevine Shokry, Head of Proximity Banking of Crédit Agricole Egypt and Eng. Daniel Doss, Board Member of Rock Developments, along with the presence of several representatives from both entities. Ms. Nevine Shokry, Head of Proximity Banking of Crédit Agricole Egypt stated 'We are delighted to partner with Rock Developments to offer long term mortgage solutions that empower more Egyptians to own their homes. This collaboration highlights Crédit Agricole Egypt's customer centricity approach, delivering innovative, accessible and sustainable financial solutions that are tailored to our clients evolving needs. By combining our banking expertise with Rock Development sustainable vision, we are supporting the growth of Egypt real state while contributing to a greener, more inclusive future". Eng. Daniel Doss, Board Member of Rock Developments emphasized that 'This agreement offers exclusive financing solutions for the company's clients through mortgage solutions. Residential units are available with a 20% down payment and financing up to 80% of the unit's value, with payment terms up to 15 years. Meanwhile, commercial and administrative units come with a 25% down payment and financing of up to 75% of the unit's value for the same duration'. Eng. Doss affirmed that Rock Developments is committed to innovation, offering diverse strategies to serve its clients by delivering projects that align with their aspirations while providing advantages that support their purchasing decisions. He added that 'Collaborating with Crédit Agricole Egypt, a partnership that emphasizes sustainability, represents a key milestone in our journey towards responsible growth' Rock Developments is a leading real estate company with over 40 years of experience. Its projects span across Greater Cairo, Egypt, offering residential, commercial, and administrative projects, as well as several commercial projects in Canada. Rock developments will launch a sustainable certification project located in the New Capital City. Crédit Agricole Egypt and Rock Developments are committed to boosting real estate investment by expanding financing options and ensuring secure investment opportunities. Their mission is to foster growth in Egypt's dynamic property market by supporting projects built to global standards and introducing innovative solutions for sustainable development, safeguarding the environment for future generations. This collaboration is part of Crédit Agricole Egypt's strategy, which aims to provide diverse opportunities and facilities for its clients, with a focus on offering flexible mortgage solutions that support their housing and investment plans. It reflects the bank's role in supporting the Egyptian economy, enhancing financial inclusion, and contributing to sustainable development. It is worth mentioning that Crédit Agricole Egypt has signed an agreement with the European Bank for Reconstruction and Development (EBRD) for a loan worth USD 20 million to lend to individuals and small businesses under the Green Economy Financing Facility (GEFF II), the second phase of Egypt's regional green economy financing program.
