
Development
The identification and execution of value creation opportunities
$6B
in development projects completed
$2B
in development projects underway or in advanced planning
25+
real estate professionals focused on development
Our Development Advantage
To create value and provide long-term returns for our clients, the development team operates across multiple markets and asset classes; we draw on research-based insight, local expertise and on-the-ground connections to develop projects that meet market needs. All while applying a variety of critical assessments, which help us deliver sustainable, innovative properties, accompanied by sector-leading service. In turn, this will enable us to attract and retain high-quality tenants and valuable residents.
Active Development
We have development projects underway or planned in major cities across Canada.
Le Livmore – Phase I
Location: Montreal, Quebec
Asset class: Multi-residential (Mixed-Use)
Project size: 792 units
Expected completion: 2022
185 Enfield Place
Location: Mississauga, Ontario
Asset class: Multi-residential
Project size: 365 units
Expected completion: 2023
Lower Lonsdale
Location: North Vancouver, British Columbia
Asset class: Multi-residential
Project size: 160 units
Expected completion: 2022
1500 Robson
Location: Vancouver, British Columbia
Asset class: Multi-residential
Project size: 127 units
Expected completion: 2021
Vancouver Centre II
Location: Vancouver, British Columbia
Asset class: Office
Project size: 32 storeys
Expected completion: 2022
Recently Completed
Our portfolio features notable, investment-grade properties across all asset classes.
The Livmore
Location: Toronto, Ontario
Asset class: Multi-residential
Project size: 595
Green certification: Designed to target LEED® Gold certification
Completed: 2019
Northwoods Village
Location: North Vancouver, British Columbia
Asset class: Mixed-use
Project size: 320,000 sq. ft. developed in four phases across six buildings; 80-unit residential building
Southcore Financial Centre
Location: Toronto, Ontario
Asset class: Mixed-use
Project size: 1.4M sq. ft.; 567-room flagship Delta Hotel
Green certification: LEED® Gold certified office space in two towers
19Twenty Apartments
Location: Halifax, Nova Scotia
Asset class: Multi-residential
Project size: 146 units
Completed: 2014
James Michael Flaherty Building
Location: Ottawa, Ontario
Asset class: Office
Project size: 580,000 sq. ft.
Green certification: LEED® Gold
Completed: 2014
Westmount Corporate Campus
Location: Calgary, Alberta
Asset class: Office
Project size: 502,406 sq. ft.
Completed: 2012
Grenadier Square
Location: Toronto, Ontario
Asset class: Multi-residential
Project size: 528 units
Calgary Marriott & Apartment Tower
Location: Calgary, Alberta
Asset class: Mixed-use (hotel and multi-residential)
Project size: Two 30-storey towers and 7,200 sq. ft. of retail space
Ownership: British Columbia Investment Management Corporation
Completed: 2019
Delta iPort – Phase II
Location: Delta, British Columbia
Asset class: Industrial
Project size: 1,000,000 sq. ft.
Ownership: Healthcare of Ontario Pension Plan
Completed: 2019
Our Development Process

Establish the opportunity
Establish the opportunity
- Leverage local relationships and access to deal flow
- Quickly evaluate and select high-potential development opportunities
- Complete full acquisition and due diligence
- Conduct investment analysis and financial modelling
- Undertake feasibility and highest and best use assessments
- Collaborate with internal and external specialists to confirm merits

Planning and design management
Planning and design management
- Establish development concept in relation to policy, site and community
- Create project vision by defining key elements and coordinating development, operational and ownership interests
- Select the most appropriate consultant team and direct the team to deliver on project goals
- Create the project plan

Municipal planning
Municipal planning
- Navigate city requirements and engage early and often with staff
- Engage tenant, public and community stakeholders
- Draw on experience to mitigate risk of bureaucratic complexities
- Unlock significant value creation for owners

Construction
Construction
- Oversee and manage the construction team and process
- Adhere to a project plan that aligns team members’ schedules
- Oversee budget and monitor pro-forma versus evolving market conditions
- Administer achievement of operational performance
- Coordinate transition planning and phased turnovers

Leasing and marketing
Leasing and marketing
- Translate project vision into marketing and brand materials
- Engage partners in industry and public relations strategies
- Coordinate promotion milestone events and tenant move-ins
- Support lease negotiations and administration
- Maximize absorption, occupancy and revenues

Asset and property management
Asset and property management
- Coordinate assets and property management teams in advance to ensure project continuity
- Optimize design, value and performance
- Instill accountability in capital and income return optimization