Market Rate Project definition

Market Rate Project means a Residential Project that is not a Below-Market Rate Project and is constructed on a Market Rate Lot.
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Market Rate Project means new construction of 210 rental housing units, 7,800 square feet of commercial space and related improvements as described in the Contract.
Sample 1Sample 2
Market Rate Project means a Residential Project that contains Market-Rate Units, and potentially Inclusionary Units, and may also include other permitted uses.
Sample 1Sample 2

Examples of Market Rate Project in a sentence

  • Subject to the foregoing and Section 2.5(d), Workforce Units may be included within either a Stand-Alone Workforce Project or a Market Rate Project.

  • The concurrent development of the Market Rate Project and the Workforce Project is of particular concern to the City.

  • City shall record such Plaza Easement prior to issuance of any certificate of occupancy for the Market Rate Project.

  • Notwithstanding the differing time lines for construction of the different building types, the Parties acknowledge their mutual intent that Developer permit and construct the Workforce Project, the Remainder Park and up to the first forty-seven (47) of the seventy (70) total townhome units in the Market Rate Project at approximately concurrent times.

  • Developer shall use good faith efforts to Substantially Complete the Workforce Project and the Remainder Park, at substantially the same time as the first thirty-five to forty-seven of the townhomes in the Market Rate Project.

  • The terms of the easement shall provide that the tenants and their invitees are subject to the same reasonable rules and restrictions (use, time of operation, conduct, responsibility for damage) as the owners and their guests in the Market Rate Project as may be established and amended from time to time by the Market Rate Project homeowners’ association.

  • Notwithstanding any other provision hereof to the contrary, City shall have no obligation to issue a building permit for any Market Rate Project townhome unit until Developer has applied for and City has issued building permits for both the Workforce Project and the Remainder Park.

  • This TOR also sets out the scope of work, deliverables, timeframe and payment terms for International Evaluator, Team Leader.

  • For each Market Rate Project containing Inclusionary Units, the number of Parking Spaces first offered to renters or purchasers of Inclusionary Units shall be equal to the number of Inclusionary Units in the Market Rate Project, divided by the number of Residential Units in the Market Rate Project, times the total number of Parking Spaces associated with the Market Rate Project.

  • The City has entered into this PTPIII Project DA and the Third Amendment in reliance on Developer’s agreement to construct the Workforce Project before, or on substantially the same schedule, as the first townhome units within the Market Rate Project.


More Definitions of Market Rate Project

Market Rate Project means a Residential Project constructed by a Vertical Developer, including Developer and its Affiliates, and containing Market Rate Units, Inclusionary Units (if required), and possibly also containing other uses permitted under the Redevelopment Plan and the Design for Development.
Sample 1
Market Rate Project means and refer to the market-rate residential component of the Development consisting of 236 residential condominium units located in the tower component of the Development and in the adjacent townhome component of the Development.
Sample 1

Related to Market Rate Project

  • Investment project means an investment in qualified buildings

  • Improvement Fund means the Improvement Fund for General Obligation Temporary Notes, Series 2017-1 created pursuant to Section 501 hereof.

  • Expansion Project has the meaning set forth in Section IV.3.a of this Agreement.

  • Approved Project means the Scheme application of the Applicant approved by the CIC.

  • Qualified facility means a permanent facility within this state equipped for the production of motion pictures, television shows, or digital media production that meets all of the following requirements:

  • Project Loan means the loan made by the Governmental Lender to the Borrower pursuant to the Project Loan Agreement in the original principal amount of $[AMOUNT], as evidenced by the Project Note.

  • Pilot project means an innovative environmental project that covers one or more designated facilities, designed and implemented in the form of an EMSA. (See Section 52.3 of the Act.)

  • Capital Improvement Project means the acquisition, construction, reconstruction, improvement, planning and equipping of roads and bridges, appurtenances to roads and bridges to enhance the safety of animal-drawn vehicles, pedestrians, and bicycles, wastewater treatment facilities, water supply systems, solid waste disposal facilities, and storm water and sanitary collection, storage and treatment facilities including real property, interests in real property, facilities, and equipment related or incidental to those facilities.

  • Large project means, for purposes of the Soft Cost Ratio limitation in Section 3.F, a Project with more than 24 Housing Credit units.

  • Project Facility means facility being one or more of the following facilities as specified in the Special Conditions of Contract, being developed in accordance with the Project and the Detailed Project Implementation Report and includes all its buildings, equipment, facilities, software and systems and includes without limitation, where the circumstances so require, any expansion thereof from time to time and may include any new location to be separately mentioned in the Special Conditions of Contract.

  • Project Property means the real property on or for which preconstruction service or construction work is or will be provided.

  • Redevelopment project means a specific construction project

  • Commercial project means any project, including, but not

  • Commercial Premises Means a place of trade or premises operated for financial gain, including but not limited to, a retirement village or a block of flats that has a common facility; a place of trade where the manufacture and production of products or produce takes place; a site where renovation, restoration and refurbishment work as described in Appendix B takes place.

  • Construction Loan means the loan to finance construction of the Apartment Housing, made to Owner by the Construction Lender.

  • Project means the goods or Services described in the Signature Document or a Work Order of this Contract.

  • New Project means (a) each facility which is either a new facility, branch or office or an expansion, relocation, remodeling or substantial modernization of an existing facility, branch or office owned by the Borrower or its Subsidiaries which in fact commences operations and (b) each creation (in one or a series of related transactions) of a business unit to the extent such business unit commences operations or each expansion (in one or a series of related transactions) of business into a new market.

  • The Project means supply, installation, testing and commissioning, integration of computer hardware and services with support under Warranty and annual maintenance contract, if required for the contract period.

  • Proposed Project SCHEDULE: (edit schedule below as appropriate) Pre-bid Meeting Questions Due Proposals Due Begin Work Programming Phase Permitting Phase Schematic Design Phase Construction Documents Phase Bidding or Negotiation Phase Construction Administration 1-Year Warranty

  • Development Project means a project for the development of land within a project area.

  • Redevelopment Project Area means an area designated by the municipality, which is not less in the aggregate than 1 1/2 acres and in respect to which the municipality has made a finding that there exist conditions which cause the area to be classified as an industrial park conservation area or a blighted area or a conservation area, or a combination of both blighted areas and conservation areas.

  • Planned special exposure means an infrequent exposure to radiation, separate from and in addition to the annual occupational dose limits.

  • Solar PV Project means the solar Photo Voltaic Power project that uses sunlight for direct conversion into electricity through Photo Voltaic technology.

  • Construction project means the same as that term is defined in Section 38-1a-102.

  • Project Land means any parcel or parcels of land on which the project is developed and constructed by a promoter;

  • Interest Drawing has the meaning assigned to such term in Section 3.6(a).