Mother Parker’S And Ahmed Group Announce Resolution And Forward Movement On Dundas Street Development

(MENAFN- GlobeNewsWire - Nasdaq) MISSISSAUGA, Ontario, May 21, 2024 (GLOBE NEWSWIRE) -- 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.


“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 Parrish
Former City Councillor,
Former Member of Parliament, and
Mayoral Candidate for City of Mississauga

CONTACT: Timothy Harris289 275 0220...p


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