Property Development. Development of the Property shall include the following:
a. The Property overall. The Owner shall apply for and obtain approval for a boundary adjustment pursuant to SMC Section 16.04.030(E) and as described in Condition 4 at page 46 of the Staff Report, to align existing property tax parcel boundaries with PCI Plan Area boundaries. Relocation of lot lines with the PCI Plan boundaries shall be considered “minor changes to existing property lines” that do not “significantly change the configuration, shape or pattern” under SMC 16.04.030.E. A Planning Area may contain more than one property tax parcel following the lot line adjustment. Prior to Owner’s application for building permits for any Planning Area, the City shall have first approved a set of design guidelines applicable to the respective Planning Area, as described in Conditions 5 through 10 at pages 46-47 of the Staff Report, or Owner shall request that building designs be governed by the design guidelines and design review process established in Chapter 17.32 of the SMC; provided however that the Director or his/her designee shall administratively review building designs under the design guidelines in connection with building permit review. The Owner will develop covenants, conditions and restrictions (“CC&Rs”) that govern use, site planning and design for future development of respective Planning Areas, or portions thereof. Owner shall include in the CC&Rs any requirements needed to provide compliance with the City-established design guidelines (or design guidelines in Chapter 17.32 SMC, if applicable), as well as other development standards and conditions of approval adopted by the City. Proposed development plans will be reviewed, approved, and enforced by an Architectural Review Committee established by the CC&Rs to ensure compliance with the CC&Rs. The general range of topics addressed in the CC&R’s will include the following: permitted uses; site planning and design; dimensional requirements, including building height, lot coverage, and setbacks; architectural design; building materials; off street parking; landscaping; lighting; signage; outdoor storage; and operational performance standards (e.g., to control noise and other emissions).
Property Development. Development of the Property shall comply with Town of Xxxxxxx development requirements applicable to similar properties.
Property Development. The Property shall be developed in accordance with the Project Approvals described in Section 2.1.
Property Development. If the Property is developed, it shall be developed according to the Approvals. Except as may be specifically provided elsewhere in this Agreement, Property Owners have no affirmative obligation to commence development of the Property or to develop it at a specified rate once the development has commenced. No modification of the County’s ordinances, resolutions, policies, rules or regulations adopted after the Effective Date, which purport to limit the rate of development over time or to govern the sequence of development of land within the Project Area, shall apply to the Property. The provisions of this subparagraph apply to modifications adopted or imposed by the County Board of Supervisors, or through the initiative or referendum process.
Property Development. LodgeWorks has expended capital (and will continue to expend capital until the Primary Closing) on property development projects relating to the acquisition and development of certain properties (“Development Pipeline”) all as set forth on Exhibit D (which Exhibit may be updated by LodgeWorks before the Primary Closing).
Property Development. 3.1 For the purposes of practicality and equality, as well as the possibility of raising finance for development activities, the property owned by CHIBA RING in Ifafa Beach will be developed in three distinct phases, parts of some phases which could run in parallel.
3.2 The CHIBA RING Development Project will consist of the following three (3) components which may run in parallel:
Property Development. It is anticipated that the capital revenue funds shall be provided to FSUS Inc. to provide nominal payment for a long-term lease (50 years) to the BOR for the school site and to service the debt incurred to construct a proposed new school facility. In the event the new school is not constructed, only the DRS capital funds would be available for use by FSUS Inc. In the event the new school is completed and the amount of capital funding received exceeds that which is required to maintain the lease and provide for debt service, FSUS Inc. may utilize the funds to provide additional facilities for the DRCS, make capital improvements to the existing plant, or enter into joint post-secondary use or other collaborative agreements for the enhancement or extension of public education, including but not limited to the type of agreement contemplated by Section 235.195, Florida Statutes.
Property Development. A. Developer has the responsibility to develop a four story 36−unit apartment building with a variety of 1−bedroom, studio, and 2−bedroom apartments. 26 parking spaces will be provided for the residents and staff of the Fourth Quarter Apartments.
A. Developer agrees to build a structure that matches the fabric of the surrounding neighborhood in form, mass, and scale. The following design goals have been established:
i. Form
a. The building will be oriented to the streets creating an interesting, engaging, comfortable, well−illuminated and pedestrian−friendly experience.
b. The building will have a clearly delineated Base, Middle and Top. The Base shall be appropriately scaled and detailed to reflect the traditional buildings in the area. The building will incorporate a material change andƒor articulation where the upper part of the building meets the sky.
c. The building will be configured in such a way that presents itself to the corner similar to other commercial structures along the Xxxxxxx corridor.
ii. Mass
a. The building will be broken up by setbacks in the form of balconies andƒor terraces that will establish solidƒvoid relationships seen throughout the residential fabric.
b. The building will include wood, masonry, metal paneling or some form of high quality material for the skin of the Middle and Top portions, if budget permits.
c. Window openings will be appropriately scaled to reflect the proportions found in the neighborhood.
iii. Scale
a. Articulation such as balcony rails, expansion joints, and changes in material andƒor color will be incorporated to add a rich and textured facade.
b. Landscaping will be carefully considered to add detail and texture to the streetscape and pedestrian experience.
B. Building Materials and Specifications
Property Development. If the Property is mined, it shall be mined and reclaimed according to the Entitlements. Property Owners have no affirmative obligation to commence mining of the Property or to mine at a specified rate once the mining has commenced.
Property Development. In February 2011, WPSL acquired five sites for a high-end residential development in Fuyang District, 22 kilometres from the city centre of Hangzhou, China. The site has a developable GFA of 358,000 square metres with mountain views. The development is scheduled for full completion in 2018. Wharf, together with its subsidiaries and associates (the “Wharf Group”), was founded in 1886 and is strategically focused on prime real-estate and other businesses in Hong Kong and Mainland China. Wharf’s operations are organised into four core business segments: property investment, China property development, Hong Kong property development and other businesses, which comprise Modern Terminals, Hong Kong Air Cargo Terminals, Xxxxx Xxxx hotels, i-CABLE and Wharf T&T. Xxxxx’s profit attributable to equity shareholders increased by 86% to HK$35,750 million for 2010 as compared to 2009 and 31% to HK$14,302 million for the first six months of 2011 as compared to corresponding period in last year. Earnings per share were HK$12.98 in 2010 and HK$4.84 for the half-year period ended 30 June 2011. Wharf’s two core investment properties in Hong Kong, namely, Harbour City and Times Square, with a combined valuation of HK$119 billion as at 30 June 2011, account for an exceptional 8.5% and 8.3% share of total retail sales throughout Hong Kong in 2010 and the first half of 2011 respectively. The two assets together accounted for 47% of Wharf’s total business assets and 64% of the operating profit for the first half of 2011. Wharf’s flagship property, Harbour City, is located at the tip of the Tsim Sha Tsui peninsula. Harbour City has a GFA of approximately 8.4 million square feet and comprises prime offices, retail shops, serviced apartments, hotels, club space and approximately 2,000 car parking spaces. Harbour City is the single largest retail offering under one roof in Hong Kong, representing almost 75% of the retail space on Canton Road. It accounted for 6.2% of total retail sales in Hong Kong in the six months ended 30 June 2011. Harbour City (excluding hotels) generated revenue of HK$4,756 million for the year ended 31 December 2010 and HK$2,655 million for the half-year period ended 30 June 2011. Operating profit was HK$4,104 million in 2010 and HK$2,313 million for the half-year period ended 30 June 2011. Retail 1,948,000 2,928 96 34,504 Office 4,435,000 1,553 91 38,368 Serviced Apartments . . . . . . . . . . 670,000 275 86 7,440 Hotel and Club 1,364,000 1,056 85 6,130(1)
