Park Lawn Company Limited To Seek Development Approval
(firmenpresse) - TORONTO, ONTARIO -- (Marketwire) -- 01/03/12 -- Park Lawn Company Limited ("Park Lawn") (CNSX: PRL) announced today that the board of directors has authorized management to proceed with an application for an amendment to the City of Toronto Official Plan and Zoning Bylaw for the Company's 2.9 Acre parcel of land at 57 Linelle Street.
The Company wishes to use the land for residential purposes. The land, which was previously zoned to permit residential uses, was rezoned in 1993 to permit the development of a two storey mausoleum structure of approximately 186,000 square feet. At that time a one foot reserve was granted to the City of Toronto blocking access to the site from Linelle Street. Access to the site is currently available by means of an access easement with Park Lawn Corporation which owns the mausoleum buildings to the north of the site. The application, which will be filed early in 2012, will attempt to have the access to Linelle Street opened. There is no guarantee that the necessary municipal approvals will be received in which case the Company will explore uses for the property that comply with the current zoning.
Park Lawn Company Limited owns a 2.9 acre parcel of land at 57 Linelle Street and the house and land located at 53 Linelle Street which is located immediately adjacent to the 57 Linelle Street property. The Company also holds a Promissory Note in the amount of $5,662,775 issued by Park Lawn Corporation.
Neither the Canadian National Stock Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.
Contacts:
Park Lawn Company Limited
Frank Mills
President
416-231-1462
Themen in dieser Pressemitteilung:
Unternehmensinformation / Kurzprofil:
Datum: 03.01.2012 - 15:32 Uhr
Sprache: Deutsch
News-ID 1069625
Anzahl Zeichen: 0
contact information:
Contact person:
Town:
TORONTO, ONTARIO
Phone:
Kategorie:
Commercial Real Estate
Anmerkungen:
Diese Pressemitteilung wurde bisher 102 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"Park Lawn Company Limited To Seek Development Approval
"
steht unter der journalistisch-redaktionellen Verantwortung von
Park Lawn Company Limited (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
