Latest news with #businesspark
Yahoo
03-06-2025
- Business
- Yahoo
Cornelius commissioners unanimously deny Bailey Road business park
CORNELIUS, N.C. (QUEEN CITY NEWS) — Residents of a prominent Cornelius neighborhood came out in force Monday night to express concerns over a proposed business park, and their voices were heard. In a project on its second life from 2023, GGW Flex Holdings LLC was seeking a rezoning on 36 acres along Bailey Road for near 200,000 square feet of commercial space across four buildings. The site is across from Bailey Road Park and less than a mile from Bailey Road Middle School and Hough High School. It's also just down road from the main entrance to the Bailey's Glen 55+ community. The community's denizens packed Cornelius Town Hall, explaining the long backups created by the schools' pickup and drop-off times. Many students walk or bike to school, and have to cross Bailey Road. First-ever four-year medical school opening in Charlotte This wasn't just a not-in-my-backyard case by residents, though. The town's planning staff also recommended denial of the project. And the Board of Commissioners followed suit in unanimous fashion. In summarizing the project's drawbacks, Mayor Woody Washam said the conditional rezoning would create an unprecedented combination of uses along Bailey Road. It's currently zoned Rural Preservation but town's land-use plan encourages business campus there. 'We heard this project doesn't incorporate a business campus, a vision that staff and board members expected on this site,' he said. 'Instead, this project is an industrial park. We heard from Commissioner (Robert) Carney that nowhere in Mecklenburg County does an industry park, schools, residential developments and public park exist on a two-lane road. That's a fact.' In recent years the town has been working to find ways to have more people who both live and work there, instead of doing either in Charlotte. Creating affordable housing is one of those solutions, but commercial development is another. The GGW project initially promised 'high-end' tenants when introduced to the board in 2023. But the finalized proposal was not what town leaders had in mind. 'Our staff has recommended against this project because the site would be more appropriate for corporate offices or research park that would be more internally oriented with limited service and vehicle traffic as well,' he said. The developers planned to build a roundabout at the site's entrance and an internal road, and incorporate a greenway on the edge of the property. Support came from the Lake Norman business community and representatives of the Hunter family attempting to sell the former farmland. Also at Monday's meeting, commissioners unanimously approved the purchase of a 0.066-acre lot near Town Hall — for $500,000. It's along Main Street between lots that area already town-owned, including the veterans' memorial. The parcel was sold to Cornelius business Legacy Pointe Residential, LLC for $447,500 in 2017. Town manager Andrew Grant said the purchase was necessary so they could 'facilitate future development' in conjunction with nearby properties. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Zawya
23-05-2025
- Business
- Zawya
Madinet Masr launches Shark Tank Business Park in Egypt's Taj City
Egypt - Madinet Masr has launched Shark Tank Business Park, in collaboration with Innovative Media Production (IMP) and Sony Pictures Entertainment, according to a press release. This project marks the first business complex inspired by the international TV show Shark Tank. Spanning 20 feddan in Taj city, Shark Tank Business Park is an integrated experience combining business, lifestyle, and entertainment. The park's design is based on interactive and experimental principles, featuring the first joint business complex dedicated to Shark Tank, to be a hub for entrepreneurs. Shark Tank Business Park encompasses 16 buildings, and its first phase is set for delivery by 2029, with over $1 billion in investments. © 2020-2023 Arab Finance For Information Technology. All Rights Reserved. Provided by SyndiGate Media Inc. (
Zawya
22-05-2025
- Business
- Zawya
Shark Tank Business Park: A revolutionary development by Madinet Masr
Eng. Abdallah Sallam: The future of work is being redefined by new generations who value flexibility, purpose, and well-being. In this context, Shark Tank Business Park is a proactive move to shape the future dynamics of the workplace Cairo - Madinet Masr (EGX Code: one of Egypt's leading real estate developers, in partnership with Innovative Media Productions (IMP) and Sony Pictures Entertainment, announces the world's first business-themed park inspired by the global hit show Shark Tank — Shark Tank Business Park, located in Taj City. This one-of-a-kind destination is designed to seamlessly blend work and play within a dynamic environment that unlocks human potential and drives business growth. Strategically located in Taj City, the 20-acre development reimagines how entrepreneurs work, live, and play—all within a unified and unforgettable experience. It creates a vibrant ecosystem where creativity, ambition, and well-being coexist in harmony. Built around immersive, experience-driven design principles, Shark Tank Business Park features fluid architecture, lively landscapes, gaming pods, and lush garden brainstorming zones, all curated to spark spontaneous collaboration and innovation. The development integrates next-generation office spaces with residential neighbourhoods, cultural venues, and a cutting-edge School of Entrepreneurship, while also hosting the first-ever dedicated Shark Tank co-working space—a hub for future business leaders and innovators. Speaking about the upcoming project, Eng. Abdallah Sallam, President and CEO of Madinet Masr, stated: 'Shark Tank Business Park is the first of its kind globally. Inspired by the worldwide success of Shark Tank, the project reflects our vision to create spaces that go beyond functionality. This is more than just office space; we are building a fully integrated ecosystem, featuring thoughtfully designed landscapes and architecture. Every detail has been curated to foster creativity, productivity, and overall well-being within a vibrant business community. Since 2022, we have been driving a comprehensive transformation focused on growth and long-term value creation, Shark Tank Business Park marks a strategic milestone in this journey, reflecting our belief that a strong connection to one's environment empowers exceptional outcomes.' He added, 'The future of work is being reshaped by new generations prioritizing flexibility, purpose, and well-being. Shark Tank Business Park proactively addresses these shifts by creating a space that fosters creativity, human potential, and entrepreneurial thinking, setting a new benchmark for business environments and driving sustainable growth in Egypt and the region.' Spanning over 20 acres and comprising 16 buildings, Shark Tank Business Park is set to become a landmark destination for innovation and entrepreneurship. The first phase will be delivered by 2029, with an investment exceeding the equivalent of USD 1 billion.
