Mack-Cali gets go-ahead for $500m mixed-used Seaport development.Gale Belmar, LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control , a subsidiary of Mack-Cali Realty realty n. a short form of "real estate." (See: real estate) REALTY. An abstract of real, as distinguished from personalty. Realty relates to lands and tenements, rents or other hereditaments. Vide Real Property. Corporation and the master developer for the $500-million mixed-use development Mixed-use development refers to the practice of allowing more than one type of use in a building or set of buildings. In planning zone terms, this can mean some combination of residential, commercial, industrial, office, institutional, or other land uses. initiative known as Belmar Seaport Village Seaport Village is a shopping and dining complex overlooking the bay in San Diego, California. It houses more than 70 shops, galleries, and eateries on 90,000 square feet (0 m) of waterfront property. , has received approvals for the first component of this highly anticipated redevelopment project. Belmar Seaport Village will be a pedestrian-friendly mixed-use community exemplifying ex·em·pli·fy tr.v. ex·em·pli·fied, ex·em·pli·fy·ing, ex·em·pli·fies 1. a. To illustrate by example: exemplify an argument. b. the characteristics of smart growth and sustainable design. The first portion of the redevelopment plan encompasses the site at 800 Main Street, formerly occupied by Seacoast Chevrolet. The site has been approved for 38 new condominiums/townhouses, 9,500 s/f of ground floor retail space and 76 covered parking spaces. Construction is slated to begin in April/May 2007. "Belmar's full potential is finally being realized now that this exciting smart growth redevelopment is getting off the ground," said Mayor Kenneth E. Pringle. "This first component of the overall development plan is a milestone that our entire community can take tremendous pride in. Belmar is proving that a transparent and inclusive redevelopment process can be a win-win for the developer and all of our local stakeholders Stakeholders All parties that have an interest, financial or otherwise, in a firm-stockholders, creditors, bondholders, employees, customers, management, the community, and the government. ." "Belmar Seaport Village is a prime example of how redevelopment should be a partnership between the public and private sectors," said Thomas Walsh Thomas Walsh may refer to:
"Gale has met with Belmar's municipal leaders, business groups, downtown property owners, business owners and citizens to ensure that everyone's thoughts on this project are heard. As a result, Belmar is assured of an exciting new mixed-use development that maintains the unique character of the town, while also allowing Belmar to grow and flourish in the decades to come. We are thrilled that this first part of the redevelopment plan is ready to proceed." 800 Main Street's 38 new residences will feature a "greenroof" garden courtyard and lavish private terraces. Homes will be priced starting below $300,000 for a one-bedroom residence. Sales at the property will commence in spring 2007. The development of Belmar Seaport Village has been a model public/private partnership with an open and community-led planning effort to obtain consensus on the needs and goals of the entire Belmar community. |
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