Latest news with #MontessoriAcademy
The Age
25-06-2025
- Business
- The Age
‘Remon, that is illegal': Controversial Sydney developer accused of fraudulent rent scheme
Controversial property developer Remon Fayad is alleged to have engaged in 'serious wrongful conduct', after a court heard he'd tried to organise a fraudulent deal to have a tenant inflate a rental agreement so that Fayad could get a better sale price for the business premises. 'Remon, that is illegal,' said his tenant, Charles Assaf, who runs the childcare business Montessori Academy, the NSW Supreme Court has heard. Only months before he jetted off for his multimillion-dollar wedding extravaganza in Florence last July, Fayad, 37, was in a precarious financial position facing bankruptcy proceedings against him and his older brother, Fayad Lee Fayad, over combined tax debts of more than $20 million. Both Fayads are former executives of the family development company Dyldam, which collapsed in 2020. Their father Sam Fayad has the unfortunate record of having the largest bankruptcy in the nation, with personal debts of $2.8 billion. Despite being bankrupt, Sam Fayad and his wife Maria flew first-class to Italy to enjoy their son's four-day wedding festivities, with the flower decorations alone costing more than $500,000. In a Supreme Court judgment handed down last week, Justice Ian Pike ruled that Remon Fayad wrongfully terminated the lease of a Montessori childcare centre in Thallon Street, Carlingford, only weeks after negotiations for Assaf's company, Montessori Academy, to buy the premises broke down. In late 2020, the Montessori childcare centre agreed to lease the ground floor of the Dyldam-related development The Somerset, a largely residential development. The 10-year lease was for $216,000 per annum, which was to increase by 3 per cent annually. There was also an option to renew for two further 10-year periods. The Dyldam-related company that developed the Thallon Street site, C88 Project, followed a well-worn Dyldam pattern in which associated companies, having completed the development and having paid Dyldam handsomely for construction services, then collapse, owing creditors, including contractors and the ATO, millions of dollars.
Sydney Morning Herald
25-06-2025
- Business
- Sydney Morning Herald
‘Remon, that is illegal': Controversial Sydney developer accused of fraudulent rent scheme
Controversial property developer Remon Fayad is alleged to have engaged in 'serious wrongful conduct', after a court heard he'd tried to organise a fraudulent deal to have a tenant inflate a rental agreement so that Fayad could get a better sale price for the business premises. 'Remon, that is illegal,' said his tenant, Charles Assaf, who runs the childcare business Montessori Academy, the NSW Supreme Court has heard. Only months before he jetted off for his multimillion-dollar wedding extravaganza in Florence last July, Fayad, 37, was in a precarious financial position facing bankruptcy proceedings against him and his older brother, Fayad Lee Fayad, over combined tax debts of more than $20 million. Both Fayads are former executives of the family development company Dyldam, which collapsed in 2020. Their father Sam Fayad has the unfortunate record of having the largest bankruptcy in the nation, with personal debts of $2.8 billion. Despite being bankrupt, Sam Fayad and his wife Maria flew first-class to Italy to enjoy their son's four-day wedding festivities, with the flower decorations alone costing more than $500,000. In a Supreme Court judgment handed down last week, Justice Ian Pike ruled that Remon Fayad wrongfully terminated the lease of a Montessori childcare centre in Thallon Street, Carlingford, only weeks after negotiations for Assaf's company, Montessori Academy, to buy the premises broke down. In late 2020, the Montessori childcare centre agreed to lease the ground floor of the Dyldam-related development The Somerset, a largely residential development. The 10-year lease was for $216,000 per annum, which was to increase by 3 per cent annually. There was also an option to renew for two further 10-year periods. The Dyldam-related company that developed the Thallon Street site, C88 Project, followed a well-worn Dyldam pattern in which associated companies, having completed the development and having paid Dyldam handsomely for construction services, then collapse, owing creditors, including contractors and the ATO, millions of dollars.
Yahoo
07-05-2025
- General
- Yahoo
Students impress at this year's Rose Show
TERRE HAUTE, Ind. (WTWO/WAWV) — Rose-Hulman is a top ranked engineering school in the U.S. and at the end of every year, students get to show off innovative projects that they've been working on at the Rose Show. This year's Rose Show featured over 130 student projects, representing nearly every academic department. Rose-Hulman President Rob Coons said these projects will make an impact in the real world. 'It's really kind of Rose-Hulman's modern version of the world's fair', Coons said. 'The idea is that students have senior design and capstone projects that they've been working on, generally with a client. This creates an opportunity for them to actually present their project and show how it works.' One group of students, including senior Emily Buchta, built a stream table for kids that will be used at the Montessori Academy in Terre Haute. 'It's durable, so it's a lot lower so that children can interact with it', Buchta said. 'We have different handles and things that children can grab on to, it's very sturdy. We also created these side panels in it that children can look in. You can see erosion happening, you can see deposition, landforms, waterforms. We have four different educational packs that we have created, so as the child goes through the Montessori method, they can do different things with the stream table.' Another group, with senior Jake Gibbs, worked with the City of Terre Haute to plan out engineering solutions in a local neigborhood. 'It's called Terre Town, up in northern Terre Haute', Gibbs said. 'It was a project that was assigned to us by our professors, but it's a neighborhood that is in great need here in Terre Haute. They are having issues with cracking in their pavement. They also have undersized roads, a lack of any walkable paths in the neighborhood, and ponding issues.' Years down the road, students are hoping to see their projects still being used. 'Coming back as an alumni, especially during homecoming, and seeing this stream table still running and that our clients are still using it to teach these kids about stem topics that I really love', Buchta said. 'It just means so much to me and so much to my team. We've put in so much work just to make this product, not only a good product, but something that is built for this academy that these children can use and love for years to come.' The Rose Show is the last big project for seniors, as most plan to give their work to their collaborating organization next week, before walking the stage at commencement on May 31st. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed. For the latest news, weather, sports, and streaming video, head to
