Latest news with #commercialdevelopment
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
Khaleej Times
a day ago
- Business
- Khaleej Times
‘Gateway to Business Bay': Dubai's new landmark to have open-air sky theatre
Dubai is set to welcome a striking new landmark — the 'Gateway to Business Bay' — featuring an open-air Sky Theatre, a first-of-its-kind entertainment and event space located at the top of a commercial tower. With a gross development value of Dh3.6 billion, the 48-storey Lumena Tower by Omniyat is a flagship commercial development strategically positioned on Sheikh Zayed Road, at the intersection of Business Bay and Downtown Dubai. Scheduled for completion in the fourth quarter of 2029, the Lumena Tower will introduce 650,000 square feet of Grade A leasable office space to the city. 'We acquired this significant plot earlier this year and envisioned it as a gateway,' said Mahdi Amjad, founder and executive chairman of Omniyat. 'We remained true to that vision and designed a tower that represents a world-class business environment.' One of the tower's most distinctive features is the Sky Theatre — a unique amenity for a commercial building in Dubai. This open-air venue will serve as a dynamic space for events and entertainment, enhancing the tower's appeal. The building will offer 91 shell-and-core office units, all designed with full fit-out flexibility, allowing buyers and tenants to customize their office layouts to suit their needs. 'It has several key features that will redefine commercial office space in Dubai,' Mahdi explained. 'We are designing for the future — thinking about how offices will function in an era shaped by artificial intelligence, abundance, and rapid evolution. Our goal is to create work environments that truly empower their users.' Lumena Tower is the latest addition to Omniyat's commercial portfolio. Mahdi emphasised the importance of high-quality office infrastructure to support Dubai's continued growth. 'The city is expanding rapidly and attracting a wave of new residents and businesses. A high-quality office environment is essential for fostering trade and business activity,' he said. 'There's a clear shortage of premium commercial space, and through developments like Lumena, we aim to help bridge that gap and better balance supply and demand in the market.'
Yahoo
08-06-2025
- Business
- Yahoo
Business park to be built at Lincolnshire Lakes
Plans for a major commercial development near Scunthorpe have been announced. Property and regeneration specialist Hargreaves Land has unveiled plans for Forge Point, a 77-acre employment park near to junction 3 of the M180. The site is part of a mixed-use area set out in the Lincolnshire Lakes Area Action Plan. The plan supports the development of a high-tech business park, offices and hotel. The Lincolnshire Lakes scheme is expected to create 6,000 new homes, 550 of which are proposed on land the opposite side of the M181 roundabout where the employment park would be accessed from. According to the Local Democracy Reporting Service, Hargreaves Land said Forge Point would offer a range of options for commercial businesses, including freehold and leasehold design, and build opportunities. The site has capacity for up 959,300sq ft (89121.8sp m) of new development. Hargreaves Land development surveyor Brady Harrison said: "As part of the wider Lincolnshire Lakes development, which is one of the largest residential development opportunities in the UK, businesses based at Forge Point will benefit from access to a new community of over 6,000 homes, alongside a range of retail and leisure offerings." Listen to highlights from Lincolnshire on BBC Sounds, watch the latest episode of Look North or tell us about a story you think we should be covering here. Application for 550 homes at lakeside development New £1.2bn housing scheme approved Local Democracy Reporting Service
BBC News
08-06-2025
- Business
- BBC News
New business park plans for Scunthorpe area
Plans for a major commercial development near Scunthorpe have been and regeneration specialist Hargreaves Land has unveiled plans for Forge Point, a 77-acre employment park near to junction 3 of the site is part of a mixed-use area set out in the Lincolnshire Lakes Area Action plan supports the development of a high-tech business park, offices and hotel. The Lincolnshire Lakes scheme is expected to create 6,000 new homes, 550 of which are proposed on land the opposite side of the M181 roundabout where the employment park would be accessed to the Local Democracy Reporting Service, Hargreaves Land said Forge Point would offer a range of options for commercial businesses, including freehold and leasehold design, and build opportunities. The site has capacity for up 959,300sq ft (89121.8sp m) of new Land development surveyor Brady Harrison said: "As part of the wider Lincolnshire Lakes development, which is one of the largest residential development opportunities in the UK, businesses based at Forge Point will benefit from access to a new community of over 6,000 homes, alongside a range of retail and leisure offerings." Listen to highlights from Lincolnshire on BBC Sounds, watch the latest episode of Look North or tell us about a story you think we should be covering here.
Zawya
27-05-2025
- Business
- Zawya
Livingyards partners with Decipher Egypt to launch NOIR
Livingyards, a leading real estate developer in the Egyptian market, has announced a strategic partnership with Decipher Egypt, an expert in commercial space management and operations, to launch its flagship project, NOIR, in New Cairo. The project is set to become one of the most prominent commercial and administrative developments in the area. Under this partnership, Decipher Egypt will provide analytical consulting, strategic planning, and leasing recommendations for NOIR's commercial and administrative units. The company will also offer expert design solutions to ensure optimal space utilization and elevate the project's commercial appeal to global standards. As part of the collaboration, Decipher Egypt will implement an effective strategy to attract top-tier investors and leading retail brands, maximizing investment returns and enhancing the sales and market value of the project's units. With over 20 years of experience in commercial asset management and a solid record of accomplishment with major real estate developers across Egypt from Cairo and the North Coast to the Delta, Decipher Egypt, founded by Mr. Faisal Abdel Akher, offers a full suite of services including strategic leasing planning, and commercial asset design and management. This makes them an ideal partner to support the success and profitability of the NOIR project. NOIR is Livingyards' latest and most significant commercial and administrative development since its launch in 2018, with investments exceeding EGP 2 billion and projected revenues of over EGP 3 billion. The project is one of six distinctive developments currently in progress, and aims to redefine the concept of mixed-use communities in East Cairo by combining modern design, operational efficiency, and long-term investment revenue. Strategically located in the heart of Fifth Settlement at One-Ninety North, NOIR offers easy access from key roads and landmarks, including Cairo Festival City, Downtown Mall, and is just minutes away from both the Ring Road and the New Administrative Capital. Surrounded by prestigious universities such as AUC, CIC, GUC, and FUE, its location solidifies its status as the "heartbeat" of North 90th Street. Spanning a land area of approximately 3,137 square meters, NOIR features over 15,000 square meters of leasable space, comprising a ground floor dedicated to retail units and four upper floors for administrative offices. The project will host an exclusive selection of high-end retail outlets, gourmet restaurants and cafés, bank branches, pharmacies, and car showrooms, all surrounding a central plaza that offers full-view exposure for both shops and offices. The administrative units at NOIR will be delivered fully finished to latest global standards, with sizes ranging from 40 to 2000 square meters across four floors. Select units feature open terraces with direct views of the central plaza, providing ideal working environments for global brands and companies seeking high-performance office spaces. Adding to its appeal, NOIR includes a two-level underground parking facility accommodating up to 150 cars, an intelligent building management system, and an eco-friendly central cooling system designed to reduce energy consumption and operating costs. The project is also supported by a robust digital infrastructure provided by a leading global telecom provider, featuring Triple Play services and advanced building management software for smooth and sustainable operations. Construction at NOIR is progressing rapidly, with 80% of the structure completed, including all concrete work for the first four floors. Finishing works are currently underway, and unit handover is scheduled within' 18 months, by the end of 2026. Flexible payment plans are available, along with exclusive cash discounts. NOIR offers a unique identity, with its name inspired by refined French aesthetics and architectural elegance. The project was designed in collaboration with multidisciplinary design firms including YBA and SSE, delivering a seamless blend of strategic location, thoughtful architecture, and premium finishing. It is envisioned as a premier destination for companies and brands seeking to strengthen their presence and competitiveness in the long term. This partnership with Decipher Egypt aligns with Livingyards' ongoing mission to cement its position as one of Egypt's top real estate developers by delivering innovative residential and commercial projects that balance luxury with value. The company's total investment reached over EGP 32 billion and holds a huge land portfolio. In its commitment to flexible and high-return solutions for clients, Livingyards has also introduced a new sales and leasing approach tailored to meet the evolving needs of investors and entrepreneurs looking for sustainable and profitable opportunities. Eng. Ayman Marzouk, Chairman of Livingyards, stated: "The NOIR project reflects our strategy to develop innovative commercial destinations that merge modern design with operational integration. At Livingyards, we're creating commercial communities defined by identity and experience, and NOIR is the milestone of this vision, brought to life through our strategic partnership with Decipher Egypt." Mr. Mohab El-Tabie, CEO of Livingyards, added: "NOIR marks the beginning of a new chapter in our commercial developments. We aim to set a new benchmark for mixed-use projects in New Cairo especially through our collaboration with seasoned partners like Decipher Egypt. This is the first of many planned collaborations that will enhance the value of our commercial communities." Mr. Faisal Abdel Akher, Founder and CEO of Decipher Egypt, commented: "We are proud to partner with Livingyards on the NOIR project. We are committed to supporting their vision of delivering commercial spaces that offer a distinctive identity and a complete experience. Through the attraction of premium brands and innovative office designs, we aim to create exceptional visitor experiences and elevate NOIR into a top-tier commercial destination in East Cairo." This strategic collaboration between Livingyards and Decipher Egypt represents a shared commitment to delivering tangible value to NOIR's clients offering a comprehensive commercial experience that blends expert space management with carefully selected retail brands to meet the needs of today's refined consumers and entrepreneurs as well as enhancing the project's position as a leading marketing and business destination.
