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iCollab Healthcare Celebrates Milestone Achievements with Completion and Operation of Primary Care Centre in Surrey

November 28, 2023 By Business Wire

SURREY, British Columbia–(BUSINESS WIRE)–iCollab Healthcare, a leading member of the Healthcare Collective, proudly announces the successful completion and commencement of operations at its latest primary care centre in Surrey. The achievement marks a significant milestone in the company’s commitment to delivering healthcare services to the community.


The primary care centre, now operational, boasts modern infrastructure, advanced medical equipment, and a team of highly skilled healthcare professionals.

“We are thrilled to announce the successful completion and operational commencement of iCollab Healthcare’s newest primary care centre in Surrey,” said Dr. Sikander Panesar, President at iCollab Healthcare. “This milestone represents our steadfast commitment to providing accessible, high-quality healthcare services to the residents of Surrey and surrounding areas.”

The primary care centre is strategically designed to meet the evolving healthcare needs of the community, offering a range of services including general medicine, preventive care, diagnostics, optometry and optical, dental and dental hygiene, pharmacy, physiotherapy, kinesiology, and massage therapy.

“As we celebrate this achievement, we are pleased to share that iCollab Healthcare now boasts a team of four full-time family physicians, demonstrating our commitment to delivering comprehensive and longitudinal patient-centred care,” added Dr. Panesar.

Looking ahead, iCollab Healthcare is actively seeking to recruit medical specialists to join its growing teams. This strategic initiative aligns with the organization’s vision to enhance the range of healthcare services provided and further strengthen its position as a leading healthcare provider in the region. The collective aims to provide comprehensive and integrated healthcare services to the community.

iCollab Healthcare extends its gratitude to the dedicated team of architects, construction professionals, and healthcare experts whose collective efforts have brought this vision to life. The centre’s construction and operationalization align seamlessly with iCollab Healthcare’s mission to foster a healthier community through collaborative and compassionate care.

The primary care centre is now open to serve the community, and iCollab Healthcare looks forward to becoming an integral part of Surrey’s healthcare landscape.

About iCollab Healthcare:

iCollab Healthcare is a leading member of the Healthcare Collective, committed to delivering accessible and high-quality healthcare services. With a focus on collaboration and innovation, iCollab Healthcare strives to meet the diverse healthcare needs of communities, promoting well-being and fostering healthier lives. www.icollabhealthcare.com

Contacts

For media inquiries:

Dr. Sikander Panesar

President

iCollab Healthcare

sikander.panesar@icollabhealthcare.com

Dream Residential REIT Announces November 2023 Monthly Distribution

November 27, 2023 By Business Wire

TORONTO–(BUSINESS WIRE)–DREAM RESIDENTIAL REAL ESTATE INVESTMENT TRUST (TSX: DRR.U and TSX: DRR.UN) (“Dream Residential REIT” or the “REIT”) today announced its November 2023 monthly distribution in the amount of US$0.035 per unit (US$0.42 annualized). The November distribution will be payable on December 15, 2023 to unitholders of record as at November 30, 2023.


About Dream Residential REIT

Dream Residential REIT is an unincorporated, open-ended real estate investment trust established and governed by the laws of the Province of Ontario. The REIT owns a portfolio of 16 garden-style multi-residential properties, consisting of 3,432 units primarily located in three markets across the Sunbelt and Midwest regions of the United States. For more information, please visit www.dreamresidentialreit.ca.

Contacts

For further information:

Dream Residential REIT

Brian Pauls
Chief Executive Officer

(416) 365-2365

bpauls@dream.ca

Derrick Lau
Chief Financial Officer

(416) 365-2364

dlau@dream.ca

Scott Schoeman
Chief Operating Officer

(303) 519-3020

sschoeman@dream.ca

Dream Impact Trust Announces November 2023 Monthly Distribution

November 24, 2023 By Business Wire

TORONTO–(BUSINESS WIRE)–DREAM IMPACT TRUST (TSX: MPCT.UN) (“Dream Impact” or the “Trust”) today announced its November 2023 monthly distribution in the amount of 5.333 cents per Unit (64 cents annualized). The November distribution will be payable on December 15, 2023 to unitholders of record as at November 30, 2023.


About Dream Impact Trust

Dream Impact Trust is an open-ended trust dedicated to impact investing. Dream Impact’s underlying portfolio is comprised of exceptional real estate assets reported under two operating segments: development and investing holdings, and recurring income, that would not be otherwise available in a public and fully transparent vehicle, managed by an experienced team with a successful track record in these areas. The objectives of Dream Impact are to create positive and lasting impacts for our stakeholders through our three impact verticals: environmental sustainability and resilience, attainable and affordable housing, and inclusive communities; while generating attractive returns for investors. For more information, please visit: www.dreamimpacttrust.ca.

Contacts

DREAM IMPACT TRUST

Meaghan Peloso

Chief Financial Officer

(416) 365-6322

mpeloso@dream.ca

Kimberly Lefever

Director, Investor Relations

(416) 365-6339

klefever@dream.ca

Dream Office REIT Announces November 2023 Monthly Distribution

November 23, 2023 By Business Wire

TORONTO–(BUSINESS WIRE)–DREAM OFFICE REIT (TSX: D.UN) (“Dream Office” or the “Trust”) today announced its November 2023 monthly distribution of 8.333 cents per REIT Unit, Series A ($1.00 annualized). The November distribution will be payable on December 15, 2023 to unitholders of record as at November 30, 2023.


Dream Office REIT is an unincorporated, open-ended real estate investment trust. Dream Office REIT is a premier office landlord in downtown Toronto with over 3.5 million square feet owned and managed. We have carefully curated an investment portfolio of high-quality assets in irreplaceable locations in one of the finest office markets in the world. For more information, please visit our website at www.dreamofficereit.ca.

Contacts

For further information, please contact:

Michael J. Cooper

Chairman and Chief Executive Officer

(416) 365-5145

mcooper@dream.ca

Jay Jiang

Chief Financial Officer

(416) 365-6638

jjiang@dream.ca

Dream Industrial REIT Announces November 2023 Monthly Distribution

November 22, 2023 By Business Wire

TORONTO–(BUSINESS WIRE)–DREAM INDUSTRIAL REIT (TSX: DIR.UN) (the “Trust”) announced today its November 2023 monthly distribution in the amount of 5.833 cents per Unit (70 cents annualized). The November distribution will be payable on December 15, 2023 to unitholders of record as at November 30, 2023.


Dream Industrial REIT is an unincorporated, open-ended real estate investment trust. As at September 30, 2023, Dream Industrial REIT owns, manages and operates a portfolio of 322 assets totalling approximately 70.6 million square feet of gross leasable area in key markets across Canada, Europe, and the U.S. Dream Industrial REIT’s goal is to deliver strong total returns to its unitholders through secure cash flows underpinned by its high-quality portfolio and an investment grade balance sheet as well as driving growth in its net asset value and cash flow per unit. For more information, please visit our website at www.dreamindustrialreit.ca.

Contacts

DREAM INDUSTRIAL REIT

Brian Pauls

Chief Executive Officer

(416) 365-2365

bpauls@dream.ca

Lenis Quan

Chief Financial Officer

(416) 365-2353

lquan@dream.ca

Alexander Sannikov

President & Chief Operating Officer

(416) 365-4106

asannikov@dream.ca

RioCan Marks Construction Milestone at The Well With Community Ribbon-Cutting, Kicking Off Holiday Programming

November 21, 2023 By Business Wire

TORONTO–(BUSINESS WIRE)–RioCan Real Estate Investment Trust (“RioCan”) (TSX: REI.UN) brought the community together this morning for a ribbon-cutting ceremony at The Well. The ceremony marked the significant completion of commercial, residential, and retail spaces on site, and kicked off The Well’s first year of holiday programming.




A multi-stranded ribbon was jointly cut by dignitaries, community groups, and project team members, alongside The Well’s retail, office and residential tenants. Over 250 participants helped celebrate the occasion at one of the most awaited mixed-use developments in Canada’s history. Notable dignitaries in attendance included, MP Kevin Vuong, MPP Chris Glover alongside First Deputy Mayor Ausma Malik.

“The Well is an incredible achievement in Canadian real estate. It was important to bring the community together to mark this significant milestone,” says Jonathan Gitlin, President and CEO, RioCan. “The Well is emblematic of our ability to deliver unitholder value while simultaneously engaging in responsible community-building. Our team’s vision, focus, and commitment to excellence has made The Well the most anticipated project in the country. We are excited to see the momentum continue to build in the coming weeks and months with the cascading opening of our impressive roster of retail and food service tenants.”

Today’s ribbon-cutting also kicked off The Well’s first year of holiday programming, which will transform the space into an immersive, arctic-inspired experience. The Well’s iconic glass canopy will be lit up nightly Thursday to Sunday 6-10pm in the style of the Aurora Borealis presented by Destination Canada.

Other highlights of The Well’s seven-week holiday programming include live musical performances and DJ nights, ice dancers, a Veuve Clicquot Champagne Lounge, and Nordic by BarChef – where guests can enjoy holiday cocktails immersed within a yurt.

A skating rink will also be open to the community this week and for the winter season, weather permitting.

To learn more about The Well or Holiday at The Well Programming, including a full schedule of experiences, please visit thewelltoronto.com.

About The Well

The Well is a joint venture between RioCan and Allied Properties REIT. Situated at Front, Spadina, and Wellington, spanning more than three million square feet, The Well comprises seven mixed-use towers and mid-rise buildings. This interconnected mixed-used development introduces new residential housing and a relevant urban streetscape of retail experiences and concepts in approximately 320,000 square feet (1) of indoor and outdoor space, and workspace solutions for thousands of users across 1.2 million square feet (1) of office. Once complete, The Well will draw approximately 22,000 daily visitors from down the street and across the globe to eat, shop, work, live, and play in Toronto, including the approximately 11,000 residents and employees who will live and work at The Well. To learn more about The Well visit www.thewelltoronto.com.

About RioCan

RioCan is one of Canada’s largest real estate investment trusts. RioCan owns, manages and develops retail-focused, increasingly mixed-use properties located in prime, high-density transit-oriented areas where Canadians want to shop, live and work. As at September 30, 2023, our portfolio is comprised of 192 properties with an aggregate net leasable area of approximately 33.6 million square feet (at RioCan’s interest) including office, residential rental and 10 development properties. To learn more about us, please visit www.riocan.com.

1) Square footage measures are based on gross leasable area for retail and office space.

 

Contacts

For more information, high resolution imagery or to arrange interviews:

Darren Elias, kg&a

(416) 893-0734

Raquel Ruiz, kg&a

(647) 268-0990

Investors:

Kim Lee

Vice President, Investor Relations

RioCan

(416) 646-8326

Slate Office REIT Posts Q3 2023 Earnings Call Transcript and Investor Update

November 20, 2023 By Business Wire

TORONTO–(BUSINESS WIRE)–Slate Office REIT (TSX: SOT.UN) (the “REIT”), an owner and operator of high-quality workplace real estate, announced today that the Q3 2023 earnings call transcript and investor update are now available on the REIT’s website and can be accessed by visiting the following links:


  • Slate Office REIT – Q3 2023 earnings call transcript
  • Slate Office REIT – Q3 2023 investor update

About Slate Office REIT (TSX: SOT.UN)
Slate Office REIT is a global owner and operator of high-quality workplace real estate. The REIT owns interests in and operates a portfolio of strategic and well-located real estate assets in North America and Europe. The majority of the REIT’s portfolio is comprised of government and high-quality credit tenants. The REIT acquires quality assets at a discount to replacement cost and creates value for unitholders by applying hands-on asset management strategies to grow rental revenue, extend lease term and increase occupancy. Visit slateofficereit.com to learn more.

About Slate Asset Management
Slate Asset Management is a global alternative investment platform targeting real assets. We focus on fundamentals with the objective of creating long-term value for our investors and partners. Slate’s platform has a range of real estate and infrastructure investment strategies, including opportunistic, value add, core plus, and debt investments. We are supported by exceptional people and flexible capital, which enable us to originate and execute on a wide range of compelling investment opportunities. Visit slateam.com to learn more.

Forward-Looking Statements
Certain information herein constitutes “forward-looking information” as defined under Canadian securities laws which reflect management’s expectations regarding objectives, plans, goals, strategies, future growth, results of operations, performance, business prospects and opportunities of the REIT. The words “plans”, “expects”, “does not expect”, “scheduled”, “estimates”, “intends”, “anticipates”, “does not anticipate”, “projects”, “believes”, or variations of such words and phrases or statements to the effect that certain actions, events or results “may”, “will”, “could”, “would”, “might”, “occur”, “be achieved”, or “continue” and similar expressions identify forward-looking statements. Such forward-looking statements are qualified in their entirety by the inherent risks and uncertainties surrounding future expectations.

Forward-looking statements are necessarily based on a number of estimates and assumptions that, while considered reasonable by management as of the date hereof, are inherently subject to significant business, economic and competitive uncertainties and contingencies. When relying on forward-looking statements to make decisions, the REIT cautions readers not to place undue reliance on these statements, as forward-looking statements involve significant risks and uncertainties and should not be read as guarantees of future performance or results, and will not necessarily be accurate indications of whether or not the times at or by which such performance or results will be achieved. A number of factors could cause actual results to differ, possibly materially, from the results discussed in the forward-looking statements. Additional information about risks and uncertainties is contained in the filings of the REIT with securities regulators.

SOT-FR

Contacts

For Further Information
Investor Relations

+1 416 644 4264

ir@slateam.com

Choice Properties Real Estate Investment Trust Declares Cash Distribution for the Month of November, 2023

November 17, 2023 By Business Wire

Not for distribution to U.S. News Wire Services or dissemination in the United States.


TORONTO–(BUSINESS WIRE)–#valueforgenerations–Choice Properties Real Estate Investment Trust (“Choice Properties”) (TSX: CHP.UN) announced today that the trustees of Choice Properties have declared a cash distribution for the month of November, 2023 of $0.0625 per trust unit, representing $0.75 per trust unit on an annualized basis, payable on December 15, 2023 to Unitholders of record at the close of business on November 30, 2023.

About Choice Properties Real Estate Investment Trust

Choice Properties is a leading Real Estate Investment Trust that creates enduring value through the ownership, operation and development of high-quality commercial and residential properties.

We believe that value comes from creating spaces that improve how our tenants and communities come together to live, work, and connect. We strive to understand the needs of our tenants and manage our properties to the highest standard. We aspire to develop healthy, resilient communities through our dedication to social, economic, and environmental sustainability. In everything we do, we are guided by a shared set of values grounded in Care, Ownership, Respect and Excellence.

For more information, visit Choice Properties’ website at www.choicereit.ca and Choice Properties’ issuer profile at www.sedarplus.ca.

Contacts

For further information:

Mario Barrafato

Chief Financial Officer

Choice Properties REIT

(416) 628-7872

Mario.Barrafato@choicereit.ca

Slate Grocery REIT Announces Distribution for the Month of November 2023

November 16, 2023 By Business Wire

TORONTO–(BUSINESS WIRE)–Slate Grocery REIT (TSX: SGR.U) (TSX: SGR.UN) (the “REIT”), an owner and operator of U.S. grocery-anchored real estate, announced today that the Board of Trustees has declared a distribution for the month of November 2023 of U.S.$0.072 per class U unit of the REIT (“Class U Units”), or U.S.$0.864 on an annualized basis.


Holders of Class U Units may elect to receive their distribution in Canadian dollars and should contact their broker to make such an election.

Holders of class A units of the REIT (“Class A Units”) will receive a distribution equal to the Canadian dollar equivalent (based on the U.S./Canadian dollar exchange rate at the time of payment of the distribution) of U.S.$0.072 per Class A Unit, unless the unitholder has elected to receive distributions in U.S. dollars. Holders of class I units of the REIT (“Class I Units”) will receive a distribution of U.S.$0.072 per Class I Unit, unless the unitholder has elected to receive distributions in Canadian dollars. Holders of units of subsidiaries of the REIT that are exchangeable into Class U Units (“Exchangeable Units”) will receive a distribution of U.S.$0.072 per unit.

If a holder of Class U Units or Class I Units elects to receive distributions in Canadian dollars, the holder will receive the Canadian dollar equivalent amount of the distribution being paid on the Class U Units or Class I Units, as applicable, based on the U.S./Canadian dollar exchange rate at the time of payment of the distribution.

Distributions on all unit classes of the REIT, and distributions on Exchangeable Units, will be payable on December 15, 2023 to unitholders of record as of the close of business on November 30, 2023.

About Slate Grocery REIT (TSX: SGR.U / SGR.UN)

Slate Grocery REIT is an owner and operator of U.S. grocery-anchored real estate. The REIT owns and operates approximately U.S. $2.4 billion of critical real estate infrastructure across major U.S. metro markets that communities rely upon for their daily needs. The REIT’s resilient grocery-anchored portfolio and strong credit tenants provide unitholders with durable cash flows and the potential for capital appreciation over the longer term. Visit slategroceryreit.com to learn more about the REIT.

About Slate Asset Management

Slate Asset Management is a global alternative investment platform targeting real assets. We focus on fundamentals with the objective of creating long-term value for our investors and partners. Slate’s platform has a range of real estate and infrastructure investment strategies, including opportunistic, value add, core plus and debt investments. We are supported by exceptional people and flexible capital, which enable us to originate and execute on a wide range of compelling investment opportunities. Visit slateam.com to learn more.

Forward-Looking Statements

Certain information herein constitutes “forward-looking information” as defined under Canadian securities laws which reflect management’s expectations regarding objectives, plans, goals, strategies, future growth, results of operations, performance, business prospects and opportunities of the REIT. The words “plans”, “expects”, “does not expect”, “scheduled”, “estimates”, “intends”, “anticipates”, “does not anticipate”, “projects”, “believes”, or variations of such words and phrases or statements to the effect that certain actions, events or results “may”, “will”, “could”, “would”, “might”, “occur”, “be achieved”, or “continue” and similar expressions identify forward-looking statements. Such forward-looking statements are qualified in their entirety by the inherent risks and uncertainties surrounding future expectations.

Forward-looking statements are necessarily based on a number of estimates and assumptions that, while considered reasonable by management as of the date hereof, are inherently subject to significant business, economic and competitive uncertainties and contingencies. When relying on forward-looking statements to make decisions, the REIT cautions readers not to place undue reliance on these statements, as forward-looking statements involve significant risks and uncertainties and should not be read as guarantees of future performance or results, and will not necessarily be accurate indications of whether or not the times at or by which such performance or results will be achieved. A number of factors could cause actual results to differ, possibly materially, from the results discussed in the forward-looking statements. Additional information about risks and uncertainties is contained in the filings of the REIT with securities regulators.

SGR-Dist

Contacts

For Further Information
Investor Relations

+1 416 644 4264

ir@slateam.com

The Real Brokerage to Present at Upcoming Investor Conferences

November 14, 2023 By Business Wire

TORONTO & NEW YORK–(BUSINESS WIRE)–The Real Brokerage Inc. (NASDAQ: REAX), the fastest growing publicly traded real estate brokerage, today announced that its Chairman and Chief Executive Officer, Tamir Poleg, will present at the following investor conferences:


Stephens Annual Investment Conference:

Date: Tuesday, November 14, 2023

Time: 2:00 p.m. ET (1:00 p.m. CT)

Webcast link: https://wsw.com/webcast/stph34/reax/1832544

Needham 3rd Annual Consumer Tech / E-commerce Virtual Conference:

Date: Monday, November 20, 2023

Time: 12:00 p.m. ET

Webcast link: https://wsw.com/webcast/needham137/reax/2256336

Real’s remarks will be broadcast live and a replay will be available for one year at the links below, and by visiting the “Investors” section of www.onereal.com.

About Real

Real (NASDAQ: REAX) is a real estate experience company working to make life’s most complex transaction simple. The fast-growing company combines essential real estate, mortgage and closing services with powerful technology to deliver a single seamless end-to-end consumer experience, guided by trusted agents. With a presence throughout the U.S. and Canada, Real supports more than 12,000 agents who use its digital brokerage platform and tight-knit professional community to power their own forward-thinking businesses. Additional information can be found on its website at www.onereal.com.

Contacts

For additional information, please contact:

Ravi Jani

Vice President, Investor Relations and Financial Planning & Analysis

investors@therealbrokerage.com
908.280.2515

For media inquiries, please contact:

Elisabeth Warrick

Senior Director, Marketing, Communications & Brand

elisabeth@therealbrokerage.com
201.564.4221

Hudson Pacific Completes $455 Million Bentall Centre Loan Refinancing

November 13, 2023 By Business Wire

LOS ANGELES–(BUSINESS WIRE)–Hudson Pacific Properties, Inc. (NYSE: HPP), a unique provider of end-to-end real estate solutions for tech and media tenants, announced today the successful refinancing of the loan secured by Bentall Centre, a 1.5 million-square-foot office property located in Vancouver, British Columbia and owned in partnership with Blackstone.


Upon the closing of this refinancing, Hudson Pacific has no debt maturities until December 2024. The new $454.8 million mortgage loan amount (reflects prior day foreign currency exchange rates from CAD) bears an interest rate of 230 basis points over CORRA, which the partnership swapped to a fixed rate of 4.36%, and matures in 2027. The loan was refinanced by the original international and domestic lending group led by RBC.

“In partnership with Blackstone, we are pleased to have successfully refinanced our loan secured by Bentall Centre, which underscores the quality of the asset and the associated strong operating performance,” said Chief Financial Officer, Harout Diramerian. “Hudson Pacific now has no debt maturities until December 2024, as we continue to take a strategic and multifaceted approach to fortifying our company’s balance sheet.”

“Bentall Centre is well positioned for the future, and we look forward to continuing to serve as a home for so many of Vancouver’s incredible companies,” said Chuck We, Executive Vice President, Pacific Northwest and Canada Office Operations.

Since acquiring the property in 2019, Hudson Pacific and Blackstone have made significant capital investments in Bentall Centre to ensure the campus remains a vibrant part of the downtown core. These include asset modernization, the addition or redesign of tenant-specific amenities, as well as the curation of publicly accessible outdoor plazas to incorporate an array of events, pop-up retailers and art exhibits, such as the recently installed OVERFLOW IV sculpture by world-renowned artist Jaume Plensa. The partnership also added programmable LED lighting to the tower crowns, making Bentall Centre a dynamic night-time landmark within the Vancouver skyline. During Blackstone and Hudson Pacific’s ownership, the property has maintained a leased rate of more than 90%.

About Hudson Pacific Properties

Hudson Pacific Properties (NYSE: HPP) is a real estate investment trust serving dynamic tech and media tenants in global epicenters for these synergistic, converging and secular growth industries. Hudson Pacific’s unique and high-barrier tech and media focus leverages a full-service, end-to-end value creation platform forged through deep strategic relationships and niche expertise across identifying, acquiring, transforming and developing properties into world-class amenitized, collaborative and sustainable office and studio space. For more information visit HudsonPacificProperties.com.

Forward-Looking Statements

This press release may contain forward-looking statements within the meaning of the federal securities laws. Forward-looking statements relate to expectations, beliefs, projections, future plans and strategies, anticipated events or trends and similar expressions concerning matters that are not historical facts. In some cases, you can identify forward-looking statements by the use of forward-looking terminology such as “may,” “will,” “should,” “expects,” “intends,” “plans,” “anticipates,” “believes,” “estimates,” “predicts,” or “potential” or the negative of these words and phrases or similar words or phrases that are predictions of or indicate future events, or trends and that do not relate solely to historical matters. Forward-looking statements involve known and unknown risks, uncertainties, assumptions and contingencies, many of which are beyond the company’s control, which may cause actual results to differ significantly from those expressed in any forward-looking statement. All forward-looking statements reflect the company’s good faith beliefs, assumptions and expectations, but they are not guarantees of future performance. Furthermore, the company disclaims any obligation to publicly update or revise any forward-looking statement to reflect changes in underlying assumptions or factors, of new information, data or methods, future events or other changes. For a further discussion of these and other factors that could cause the company’s future results to differ materially from any forward-looking statements, see the section entitled “Risk Factors” in the company’s Annual Report on Form 10-K filed with the Securities and Exchange Commission, or SEC, and other risks described in documents subsequently filed by the company from time to time with the SEC.

Contacts

Investor Contact
Laura Campbell

Executive Vice President, Investor Relations & Marketing

(310) 622-1702

lcampbell@hudsonppi.com

Media Contact
Laura Murray

Senior Director, Communications

(310) 622-1781

lmurray@hudsonppi.com

Demolition Underway at Devron Developments’ New Downtown Project, 101 Spadina

November 10, 2023 By Business Wire

– Located at Spadina Avenue and Adelaide Street, 101 Spadina will include a 38-storey building next to a brand new public park –

– Click here to access 101 Spadina park renderings and demolition photos –

TORONTO–(BUSINESS WIRE)–Devron Developments (Devron), one of Toronto’s leading residential home builders passionate about creating high quality, long-term livable condominiums (condos), has begun demolition on its latest project site, 101 Spadina. Devron’s new 38-storey pre-construction development project located on Toronto’s largest avenue – at the southeast corner of Spadina Avenue and Adelaide Street – is set to deliver livable condos and timeless architecture to Toronto’s downtown core.




Demolition work started in late October, paving the way for the next milestone in the project, geothermal drilling, which is set to begin in the new year. This sustainable energy source will not only reduce carbon emissions but also provide cost savings for homeowners in the long term. In addition to offering sustainable benefits, as part of Devron’s commitment to creating vibrant and inclusive communities, Devron will provide the City with a 10,000 sq. ft. public park adjacent to the development site. Accessible to both 101 Spadina homeowners and the public, the park will provide a much-cherished green space in the downtown area. Click here to access 101 Spadina park renderings and demolition photos.

“Beyond this demolition milestone, we’re excited by the opportunity to deliver homes and architecture that is deserving of Toronto and the impact we hope this project will have on 101 Spadina’s future homeowners and the surrounding community,” said Pouyan Safapour, President of Devron. “We’re also thrilled that as part of this project, we have the opportunity to create a 10,000 sq. ft. public park. We know proximity to greenery and third spaces are of high importance to people and families. That’s why our goal is to create spacious and livable homes, and the addition of this park will only enhance our vision of redefining what downtown living looks like.”

Sales for 101 Spadina are set to launch next year, with a focus on end users looking for high-quality and livable homes in the downtown core. 101 Spadina is redefining livability in downtown Toronto. Visit 101spadina.com to register and receive the most up-to-date project information.

About Devron Developments

Devron Developments (Devron) is an award-winning residential home builder, passionate about positively impacting people’s lives and experiences by creating long-term livable spaces in the Greater Toronto Area. With a portfolio of notable condominiums like The Vanguard, The Winslow, and the upcoming 101 Spadina, Devron is committed to elevating communities through thoughtful architecture that enhances the cityscape, and high-quality buildings with a focus on livability, and sustainability. With nearly one million square feet of mixed-use property under development, Devron strives to create homes and inspiring spaces for end-users that are tailored to their neighbourhoods. Discover more by visiting www.devron.com.

Contacts

For more information:
Kayla Ciaschi

Talk Shop

647-985-9109

kayla@talkshopmedia.com

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