Mother Parker’s and Ahmed Group Announce Resolution and Forward Movement on Dundas Street Development
21 Mayo 2024 - 1:24PM
Mother Parker’s together with the Ahmed Group, a leading asset
manager and real estate developer in Ontario, Canada, are pleased
to announce a principled settlement for Ahmed Group’s proposed
development of a mixed-use, purpose-built rental project of 568
units at 1000 and 1024 Dundas Street East, Mississauga.
After years of diligent discussions and negotiations, both
parties have reached a principled resolution to concerns previously
raised regarding the proposed development.
This step marks a significant move forward with the parties now
moving towards the OLT’s endorsement of the settlement.
Quote:
“Congratulations to the Ahmed Group and Mother Parker’s on their
settlement for a significant, purpose-built rental project right on
the Dundas Connects transit corridor. 568 residential units are
qualifying for major funding from the Canadian Mortgage and Housing
Corporation (CMHC). Delighted to see the federal government
participating. It will be the largest purpose-built rental project
in our city, helping to turn the corner on increasing supply and
retaining our young families.”
- Carolyn ParrishFormer City Councillor, Former
Member of Parliament, and Mayoral Candidate for City of
Mississauga
Timothy Harris
289 275 0220
timothy@ahmed.group