The Joint Venture Agreement with Castlepoint Numa Developments has been approved.
The Joint Venture Agreement outlines the terms of our partnership in the proposed redevelopment of the church properties (new parking lot and current church) and the former ScotiaBank building, owned by Castlepoint.
Following this approval a Limited Partnership (LP) team with Castlepoint will be established. The LP will consist of members representing the church, and members from Castlepoint.
The LP will be responsible for the design and development of the entire project, including the church’s spaces. The expectation is that some preliminary designs will be presented to the church for feedback in the fall.