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What We Have Learned The developer client wished to assume and benefit from the redevelopment risk and to be compensated as such. A successful negotiation of a joint venture in the redevelopment of an office property into a residential property fulfilled the client’s objectives. The assignment consisted in locating a qualified developer to joint-venture the project. The property at the time was not developed to its highest and best use. Reference “… I would like to ‘Thank You’ for your hard work and effort in helping us close he sale of 204 Richmond Street to our joint venture with Tridel. The project is going to be a great success and that is in no small part due to the efforts of yourself…” John Sullivan Senior Vice President, Office Gentra |
