Tax Increment Equivalent Grants and Community Improvement Plans for Multi-Family Purpose Built Rental Developments

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The Avenue Hanover – a 142 unit multi-family purpose built rental development is nearing “shovel-ready status”.

In under 12 months The GeoFocus Group has navigated the land acquisition process, due-diligence, design development and pre-construction phases of the project with its most recent success being the negotiation of a County and Municipal Tax Increment Equivalent Grant.

“As part of the deal, Hanover would forego an estimated $1.05 million to encourage construction of two six-storey, 71-unit rental apartments to bring 142 new rental units to town.” (Scott Dunn – Owen Sound Sun Times). Click the following link for the full story: Grey County, Hanover offer incentive to rental apartment developer | Owen Sound Sun Times.

Land development is a complex process. Identifying potential parcels of developable land in today’s market can be challenging; subsequently, taking a potential parcel of developable land from conditional offer to site plan approval and eventually to building permit can be even more arduous. The GeoFocus Group and its team of expert analysts, project managers and construction managers can assist with the coordination, management and/or performance of the following tasks:

  • Land Selection
  • Land Acquisition
  • Due Diligence
  • Development Management
  • Project Management
  • Design Development Assistance
  • Pre-Construction Services
  • Construction Management
  • Post-Construction Services

 

The GeoFocus Group is a construction advisory firm specializing in construction management, project management, project recovery and land development planning.

From the common to the complex our principals have developed, managed, acquired and/or participated in projects within Canada, the United States and Europe. With the construction industry facing an unprecedented personnel shortage and with complex construction projects often left to inexperienced general contractors, construction managers, project managers, site supervisors, contracts administrators and trade contractors projects are faced severe delay, deficiencies, and distress leading to many construction project failures and suspensions.

Client-centric and assigning a principal to each and every file The GeoFocus Group’s history of meticulously delivered projects speaks for itself. Founded with the advanced knowledge and experience that is typically associated with larger management firms we utilize our size to our advantage.

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about any of our construction management, project management, project workout & turnaround, real estate land development advisory, owner’s representation and claims management services.

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Should you require Construction Management or Project Management Services we would love to hear from you. With extensive experience with CCDC 5A, CCDC 5B, CCDC 17 and all associated CCDC and CCA contracts.

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CALL: 416-622-0456

info@thegeofocusgroup.com

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    Let’s talk about your project

    T. 416-622-0456
    E. info@thegeofocusgroup.com