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Canada Briefs
Cherokee Canada, Inc. Buys Quebec GM Plant
Cherokee Canada, Inc. Buys Quebec GM Plant
Cherokee Investment Partners III, L.P., in association with Cherokee Canada,
Inc., purchased a 232-acre former automobile manufacturing plant in Boisbriand,
Quebec from General Motors of Canada Limited. Cherokee will redevelop 82 acres
for mixed-use retail, 54 acres for light industrial and 60 acres for residential
uses. The remaining 36 acres will be used for parkland, open space and infrastructure
needs.
The property is located 15 miles north of Montreal at the crossroads of two
major highways. The area surrounding the site includes industrial, retail, office
and residential properties. Population in the surrounding areas has grown by
more than 30 percent over the past decade, generating demand for additional
housing and retail.
Environmental issues on the site include soil contamination from underground
storage tanks, hydraulic hoists and a fuel oil spill.
Ontario Chapter Reception
February 10, 2005, 4:30 – 7:00 p.m. EST
Offices of Osler, Hoskin & Harcourt LLP
100 King Street West, First Canadian Place, 63rd fl.
Toronto, Ontario
Sign up now to attend and meet the chapter executive team, learn about the NBA and discover how to get involved with the chapter to advance the local brownfield market. Providing brief comments are Mayor Ted Salci from the City of Niagara Falls and chapter president Ahab Abdel-Aziz, Osler, Hoskin & Harcourt LLP and others. Register online
First Annual Canada/U.S. Brownfield Summit:
Cross-Border Trade Opportunities
Date TBD (early June 2005)
Niagara Falls, Ontario
Brownfield redevelopment opportunities and practices in the U.S. and Canada
will be explored from a public and private perspective — ideal for companies
that work on brownfields in both countries. More details will follow, but contact
us for sponsor and exhibitor opportunities or if you are interested in helping
to plan the event.