Natural Products Canada, Active Impact Investments launch cleantech venture funds
Two firms, Natural Products Canada (NPC) and Active Impact Investments, have launched early-stage cleantech venture funds, as the cleantech sector continues to gain traction in Canada.
Active Impact Investments has completed a first close of $41 million for a climate-tech venture fund. NPC Ventures, the investment arm of Charlottetown-headquartered NPC, has revealed plans to raise $50 million for a fund focused on companies developing natural products. NPC is targeting to complete its first close in the fall of this year.
The two new funds are the latest in a number of Canadian early-stage cleantech venture funds.
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A development firm with long-held intentions to build on a West Loop parking lot has offered a revised plan that calls for construction of more than 1,000 high-rise apartments.
The proposal from Pacific Reach Properties would place two towers of 47 and 40 stories on a roughly half-block site at 601 W. Monroe St., next to Heritage Green Park. The firm has scrapped plans for a hotel in a likely concession to the turmoil in the travel market because of the pandemic.
Ald. Brendan Reilly (42
nd) detailed the latest proposal in an email to constituents. Reilly cited revisions he called “notable improvements,” including reduced building heights and added retail space to encourage active street-level uses. The design includes 430 parking spaces, a slight reduction from an earlier plan.
Canadian developer Pacific Reach Properties wants to build two apartment towers with a combined 1,053 units at 601 W. Monroe St. The towers would be 47 and 40 stories tall.
(22 Jan 2021) The Westin Grand Hotel in Vancouver has been rebranded as the Hilton Vancouver Downtown.
Owned and operated by Pacific Reach Properties, the hotel is the first Hilton property in downtown Vancouver.
“Since opening in 1999, the hotel has garnered many accolades and with over 20 years of operational excellence, our dedicated staff will continue to provide outstanding service and hospitality,” said Pradeep Puri, General Manager, Hilton Vancouver Downtown. “Our team is excited to welcome to a new group of guests who will now be able to experience Hilton hospitality firsthand in downtown Vancouver.”
The Hilton Vancouver Downtown has 206 guestrooms, more than 4,000 square