58 West Hastings is a ten-storey community-oriented social housing and health centre located in Vancouver’s Downtown Eastside

VANCOUVER, British Columbia–(BUSINESS WIRE)–Over several decades, poverty, homelessness, drug addiction, and an urgent need for critical mental health services have come to characterize Vancouver’s Downtown Eastside (DTES). This November, seven prominent artists have aligned themselves with the Vancouver Chinatown Foundation in championing a new innovative social housing and health care facility that is setting the precedent for cities across Canada – 58 West Hastings. Participating artists include Dana Claxton, Douglas Coupland, Stan Douglas, Angela Grossmann, Ken Lum, Martha Sturdy, and Lawrence Paul Yuxweluptun.

Led by the Vancouver Chinatown Foundation, the project will provide 231 new social and affordable housing units and bring together multiple levels of government support, including BC Housing and Canada Mortgage and Housing Corporation and $30 million from the Chinatown Foundation. It will also house the Lily Lee Community Health Centre, a 50,000-square-foot integrated health centre operated by Vancouver Coastal Health (VCH). It will provide critical resources and accessible health care to support the unique needs of the Chinatown and DTES residents, including access to specialized mental health and addiction care.

“58 West Hastings will stand as the gold standard for affordable housing projects in Vancouver and across Canada. It is a project that has community and care at its core,” said Carol Lee, Chair of Vancouver Chinatown Foundation. “Having this collective of Canada’s leading artists provide their works to raise additional funding is an absolute gift. This project is truly paving the way forward for what can be done when we join forces as a community.”

Inspired by this innovative and important initiative, Angela Grossmann and Martha Sturdy spearheaded conversations amongst Vancouver’s community of artists who have lived, worked, and studied in the neighbourhood. When asked to contribute artwork to this pivotal project for Vancouver, the response from each artist approached was a resounding ‘yes.’ An impressive collection of generously donated artworks will be auctioned this fall at a live event in support of the project. Reproductions of each donated work of art will be translated into the design of the building.

Notably, Stan Douglas, who represented Canada at the Venice Biennale in 2022, has contributed one of his most iconic photographs directly from his personal collection entitled Every Building on 100 West Hastings. Douglas’s work involves extensive historical research and is known to pinpoint localized moments that speak to broader societal shifts. The 16-foot-long chromogenic print is constructed from 21 carefully staged images digitally stitched together and purposefully devoid of traffic or people, offering viewers a layered narrative of the empty street. The monumental work is included in museum collections, including The Museum of Fine Arts Houston (MFAH) and The Vancouver Art Gallery (VAG) and has not been offered for sale publicly in over a decade.

In addition, Vancouver-based Hunkpapa Lakota (Sioux) artist Dana Claxton, the 2023 Audain Prize winner, has offered a unique work entitled NDN Ironworkers Tool Still Life from her 2018 solo exhibition Fringing The Cube at the Vancouver Art Gallery.

This significant collection includes seven works in total, with new works created specifically for the project by Douglas Coupland, Ken Lum, Lawrence Paul Yuxweluptun, Martha Sturdy, and Angela Grossmann.

“Each work donated was offered with the residents of the building in mind, realizing that placing works in a domestic space is a great privilege and comes with a huge responsibility,” says Grossmann. “Putting art into a building can be transformative, and I felt it was crucial that we include works from artists with a history of living and working in this neighbourhood and whose works address issues of social responsibility.

“I think the artists saw this as an opportunity to give work that speaks from their heart,” adds Grossmann.

Two titans of culture in Canada are the Honorary Co-Chairs of the committee spearheading this initiative, Michael Audain and the late Phil Lind. The collection will be previewed at the Vancouver Art Gallery on Tuesday, November 7^th, with the live auction taking place on Thursday, November 9^th, at the Vancouver Chinatown Foundation Autumn Gala hosted at Fairmont Hotel Vancouver. Funds realized will directly benefit the project, with partial funds allocated to installing reproductions of the artworks in the lobby and on each floor of the building. Absentee and telephone bidding is available for those who cannot attend the event. For more information, please contact Tom Gautreau at getithandled@me.com.

For more information about 58 West Hastings and the auction, visit https://www.chinatownfoundation.org/auction.

About Vancouver Chinatown Foundation

The Vancouver Chinatown Foundation is a registered charity committed to the revitalization of Chinatown, one of Canada’s most iconic neighbourhoods in the historic heart of Vancouver. The Foundation builds more resilient and inclusive communities by promoting the well-being of those in need while preserving Chinatown’s irreplaceable cultural heritage.

Contacts

Media
Stuart Martin

Talk Shop Media

213-235-8581

stuart@talkshopmedia.com

BRAMPTON, Ontario–(BUSINESS WIRE)–National Homes and Brixen Developments have joined hands in a partnership to contribute $100,000 annually for the next five years, totaling a $500,000 donation towards the construction of Brampton’s new hospital for the William Osler Health System. This significant commitment, by two prominent names in the real estate and development industry, exemplifies their unwavering dedication to the well-being and prosperity of the Brampton community.

With a shared vision for a healthier and stronger Brampton, National Homes and Brixen Developments have stepped forward to provide vital support to the city’s healthcare infrastructure. Their generous donation will play a pivotal role in the transformation of health care in Brampton and Etobicoke. Peel Memorial Centre for Integrated Health and Wellness (Peel Memorial) will include a new multi-storey patient tower, new and enhanced outpatient services and day programs and the expansion of the existing Urgent Care Centre to 24/7 operations – enhancing healthcare services, improving patient care, and ensuring that the local community receives excellent state-of-the-art medical treatment.

In recognition of this contribution, Mayor Brown and the Brampton City Council expressed their gratitude by presenting a special gift at a recent public event attended by all members of Council. The gift, a signed Tavares Toronto Maple Leafs jersey, symbolizes the city’s appreciation for National Homes and Brixen Developments’ dedication to Brampton’s healthcare future. In a heartfelt gesture, National Homes and Brixen Developments have decided to donate the signed jersey back to the hospital, where it will be gifted to a child in need.

Mayor Brown remarked on the company’s long standing history with the community by saying “thank you very much Jason (Pantalone) for your support in all City initiatives.” He spoke about how this significant donation will undoubtedly make a substantial difference in the lives of Brampton residents and patients at the new hospital.

The pledge from these industry leaders reaffirms their belief in the potential of Brampton as a vibrant and thriving community. “We can think of half a million reasons why we love Brampton,” said Jason Pantalone, President and CEO Managing Partner of National Homes, who went on to say “We’ve developed thousands of acres in Brampton and built roughly 6,000 homes there since 1992,” says Pantalone, expressing their commitment to the city’s future.

The new hospital, a vital addition to Brampton’s healthcare infrastructure, will serve as a beacon of hope and healing for the community, thanks to the invaluable support from National Homes and Brixen Developments.

This philanthropic partnership sprung from the 2023 National Homes and Brixen Developments successful release of Duo Condos in Brampton, a luxurious 25-storey condominium conceived and created with inputs received from investors and community stakeholders. Right from its location, its focus on transit to its many inspired amenities, DUO represents the culmination of a vision – the introduction of a connected and convenient way of living in Brampton.

National Homes and Brixen Developments invite other community leaders and businesses to join them in supporting the growth and well-being of Brampton. Their commitment to making a positive impact on the city is a testament to the power of collaboration and community spirit.

ABOUT NATIONAL HOMES

Since 1992 National Homes has been in the business of designing, building, marketing and selling new homes based on understanding and responding to our customers’ needs.

ABOUT BRIXEN DEVELOPMENTS

Brixen Developments was launched in 2019 by Alexander D’Orazio and Andrew Iacobelli based on a shared commitment to quality, desire to build communities, and the underlying belief that people come first.

Contacts

For media inquiries or further information, please contact:

Lianne McOuat

lianne@partnership.ca
416-953-0380

TORONTO–(BUSINESS WIRE)–Slate Office REIT (TSX: SOT.UN) (the “REIT”), an owner and operator of high-quality workplace real estate, announced today that it will be releasing its third quarter 2023 financial results by the end of business on Tuesday, November 14, 2023. Senior management will host a live conference call at 9:00 a.m. ET on Wednesday, November 15, 2023 to discuss the results and ongoing business initiatives of the REIT.

Conference Call Details

The conference call can be accessed by dialing (416) 764-8658 or 1 (888) 886-7786. Additionally, the conference call will be available via simultaneous audio found at https://viavid.webcasts.com/starthere.jsp?ei=1636214&tp_key=fa2c2e128c. A replay will be accessible until November 29, 2023 via the REIT’s website or by dialing (416) 764-8692 or 1 (877) 674-7070 (access code 068482#) approximately two hours after the live event.

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

TORONTO–(BUSINESS WIRE)–Tricon Residential Inc. (NYSE: TCN, TSX: TCN) (“Tricon” or the “Company”), an owner and operator of single-family rental homes in the U.S. Sun Belt and multi-family rental apartments in Canada, invites you to participate in its live conference call with senior management to discuss the Company’s financial results for the third quarter of 2023. The call will take place on Wednesday, November 8^th at 11 a.m. ET.

Tricon’s financial statements and management’s discussion and analysis for the third quarter of 2023 will be released prior to the call and will be made available on the Company’s website, on the U.S. Securities and Exchange Commission website at www.sec.gov and on the Canadian Securities Administrators’ website at www.sedar.com. The Company will also release supplementary information which will be available on the Tricon Residential Investor Relations website at www.triconresidential.com.

To access the call, please dial (888) 550-5422 or (646) 960-0676 (Conference ID #3699415). The conference call will be available via webcast on the Tricon Residential Investor Relations website at www.triconresidential.com. A replay of the call will be available from 2pm ET on November 8^th, 2023, until midnight ET, on December 8^th, 2023. To access the replay, call (800) 770-2030 or (647) 362-9199, followed by Conference ID #3699415.

About Tricon Residential Inc.

Tricon Residential Inc. (NYSE: TCN, TSX: TCN) is an owner and operator of a growing portfolio of approximately 37,000 single-family rental homes in the U.S. Sun Belt and multi-family apartments in Canada. Our commitment to enriching the lives of our employees, residents and local communities underpins Tricon’s culture and business philosophy. We provide high-quality rental housing options for families across the United States and Canada through our technology enabled operating platform and dedicated on-the-ground operating teams. Our development programs are also delivering thousands of new rental homes and apartments as part of our commitment to help solve the housing supply shortage. At Tricon, we imagine a world where housing unlocks life’s potential. For more information, visit www.triconresidential.com.

Contacts

For further information:

Wissam Francis

EVP & Chief Financial Officer

Wojtek Nowak

Managing Director, Capital Markets

Email: IR@triconresidential.com

Largest college student questionnaire of its kind to provide benchmarking for 2024 Thriving College Students Index Report

AUSTIN, Texas–(BUSINESS WIRE)–#hihowareyou–The College Student Mental Wellness Advocacy Coalition launches its second annual Thriving College Student Mental Wellness Survey today—on World Mental Health Day—in partnership with the Hi, How Are You Project (HHAYP) and The Jed Foundation (JED).

The largest survey of its kind will be fielded in the U.S. and Canada by world leader in research, Ipsos, to nearly 800,000 students residing in college housing communities. The survey results will be reported in the form of an annual Index in January 2024.

“Thanks to this survey data, we will have the opportunity to continue to learn about various dimensions of student mental wellness including their levels of stress and anxiety, coping mechanisms, future outlook, feelings of connectedness, and more,” said Dr. Sonia Krishna, a board-certified physician specializing in child, adolescent, and adult psychiatry and Hi, How Are You Project board member. “We encourage all students who receive the survey to complete it as this actionable data will help us develop mental wellness resources, staff training, and community programming in the ways they are most needed.”

With a second year of data, the Coalition will provide benchmarking for the first time to keep a pulse on student wellbeing as well as measure the impact of the Coalition’s initiatives.

“JED is proud to work alongside fellow Coalition members to continue protecting emotional health and preventing suicide among our nations’ teens and young adults. College students and members of the campus community play critical roles in the collaboration, cultivation, and creation of life-saving cultures of care,” said John MacPhee, CEO, The Jed Foundation. “The Index will assist us in better understanding the unique challenges and conditions that students are now facing, allowing us to develop programs that affect positive change on both an individual and systemic level.”

The Coalition envisions a world where all young adults thrive thanks to the support of their residential communities that are dedicated to promoting and advocating for mental wellness to facilitate personal fulfillment and academic success. In addition to HHAYP and JED, it is made up of 24 member companies in the student housing industry including:

American Campus Communities

CA Student Living

Campus Advantage

Campus Apartments

Cardinal Group Management

Core Spaces

Landmark

Peak Campus

Pierce Education Properties

Preiss

RPM

Student Quarters

The Scion Group

Greystar

Michaels Student Living

Campus Life & Style

Asset Living

Caliber Living

Yugo

Balfour Beatty

Dinerstein

University Partners

Gilbane Development Company

GMH Communities

“By uniting as an industry, we know our impact can be so much greater and longer lasting,” said Jonathan Bove, Coalition chair. “We aim to leverage the diverse skill sets and capacities of our member organizations so that students get the resources and programming they need to thrive personally and academically in their residential communities.”

To learn more about the new College Student Mental Wellness Advocacy Coalition, please visit www.thrivingcollegestudents.org.

About the College Student Mental Wellness Advocacy Coalition

The College Student Mental Wellness Advocacy Coalition is an alliance of the nation’s top student housing providers who advocate for student mental wellness through encouraging open conversations, providing resources, and developing industry-wide peer-to-peer staff training programs, in partnership with mental health non-profits, The Jed Foundation (JED) and Hi, How Are You Project (HHAYP). Since its founding in 2022, the Coalition continues to expand its reach and impact as it envisions a world where all young adults thrive thanks to the support of their residential communities that are dedicated to promoting and advocating for mental wellness to facilitate personal fulfillment and academic success. www.thrivingcollegestudents.org

About the Hi, How Are You Project

The Hi, How Are You Project (HHAYP) is an Austin, TX-based 501c3 nonprofit organization with the mission to remove the stigma around mental health, one conversation at a time. The organization aims to educate people worldwide about the importance of mental health and wellbeing while promoting a culture of inclusion. www.hihowareyou.org

About The Jed Foundation (JED)

JED is a leading nonprofit that protects emotional health and prevents suicide for our nation’s teens and young adults. We’re partnering with high schools and colleges to strengthen their mental health, substance misuse, and suicide prevention programs and systems. We’re equipping teens and young adults with the skills and knowledge to help themselves and each other. We’re encouraging community awareness, understanding, and action for young adult mental health.

Connect with JED: Email | Twitter | Facebook | Instagram | YouTube | LinkedIn | Snapchat | Pinterest

Contacts

Gina Cowart

American Campus Communities

512-350-8136

gcowart@americancampus.com

Leading parking reservation app in North America adds strategic CFO to drive transformative growth, operational focus, and investment in innovation.

CHICAGO–(BUSINESS WIRE)–SpotHero, the leading parking reservation marketplace in North America, announced Kavita Suthar as its new Chief Financial Officer. The announcement comes as SpotHero continues to utilize and develop cutting-edge technology to further digitize the multi-billion-dollar parking industry.

“We’re thrilled to welcome Kavita as our new Chief Financial Officer,” said SpotHero CEO and co-founder Mark Lawrence. “She brings a wealth of experience and expertise in financial strategy and management. Her commitment to excellence and her strategic vision will play a pivotal role in guiding SpotHero toward continued financial growth and success.”

Suthar will oversee the company’s finance and accounting functions with a focus on strategic and operational execution. Prior to SpotHero, Suthar was the CFO at Redbox where, in her 7+ years, she helped the business scale and was part of the leadership team that took the company public. Suthar held several roles at Redbox across FP&A and Strategy. Before Redbox, Suthar spent 10+ years at US Cellular across various roles including Corporate Finance, Strategy, and Marketing. She began her career as an auditor with Grant Thornton.

“I’m very excited to officially join the SpotHero team,” said Suthar, whose official start date as SpotHero’s Chief Financial Officer was October 5. “SpotHero is a beloved customer brand that is in a unique position as both an industry leader and innovator thanks to its continued focus on developing and implementing innovative technology.”

Hiring Suthar builds upon SpotHero’s recent momentum, including the opening of their new Chicago and Toronto offices. The expansion continues to strengthen our leadership position in their North American markets. SpotHero was also named the 2023 CityLIGHTS award winner by 1871, recognizing SpotHero’s position as a category leader within the parking industry and as a beacon in the Chicago tech community.

For more information on SpotHero, please visit spothero.com.

About SpotHero

SpotHero is the leading parking reservation marketplace in North America with over $1 billion in parking reservations sold. Millions of drivers use SpotHero’s mobile apps and website to find, book and access off-street parking in more than 8,000 locations in over 300 cities in the U.S. and Canada. Leading operator partners leverage SpotHero’s machine learning-powered dynamic pricing platform SpotHero IQ to power data-driven decisions. For more information, visit SpotHero.com.

Contacts

Press@spothero.com

TORONTO–(BUSINESS WIRE)–Primaris Real Estate Investment Trust (“Primaris REIT”) (TSX: PMZ.UN) announced today that its Board of Trustees has declared a distribution of $0.0683 per unit for the month of October, 2023, representing $0.82 per unit on an annualized basis. The distribution will be payable on November 15, 2023 to unitholders of record on October 31, 2023.

About Primaris REIT

Primaris is Canada’s only enclosed shopping centre focused REIT, with ownership interests primarily in the leading enclosed shopping centres in growing markets. The current portfolio totals 11.4 million square feet valued at approximately $3.4 billion at Primaris’ share. Economies of scale are achieved through its fully internal, vertically integrated, full-service national management platform. Primaris is very well-capitalized and is exceptionally well positioned to take advantage of market opportunities at an extraordinary moment in the evolution of the Canadian retail property landscape.

TSX: PMZ.UN

www.primarisreit.com

Contacts

For more information:

Alex Avery

Chief Executive Officer

416-642-7837

aavery@primarisreit.com

Rags Davloor

Chief Financial Officer

416-645-3716

rdavloor@primarisreit.com

Tim Pire

Chair of the Board of Trustees

chair@primarisreit.com

Transaction represents the company’s largest debt transaction to date and its fourth green financing

DENVER–(BUSINESS WIRE)–Vantage Data Centers, a leading global provider of hyperscale data center campuses, today announced​​ that the company has raised USD$1.35 billion in securitized notes. The notes include (i) $1,026M five- and seven-year Class A Term Notes (Series 2023-1 A-2a and Series 2023-2 A-2), (ii) C$380M Canadian dollar Class A tranche (Series 2023-1 A-2b, ~$286M USD equivalent) and (iii) $43M Class B Notes (Series 2023-1 B). The Class A Notes & Class B notes are rated A- and BBB- respectively by Standard & Poor’s.

The proceeds from this transaction are primarily being used to refinance existing financings in place for three data centers on the company’s flagship Northern Virginia campus and five data centers in the province of Quebec, Canada, as well as to fund general corporate needs.

Deutsche Bank Securities acted as Sole Structuring Advisor. In addition to Deutsche Bank, Societe Generale, Truist Securities and Wells Fargo Securities acted as Joint Active Bookrunning Managers on the transaction. Additionally, this transaction achieved a Green Bond designation via a Second-Party Opinion (SPO) from Morningstar Sustainalytics in September 2023. For additional details, please see the company’s Green Bond Framework.

“This transaction is Vantage’s ninth securitization financing since 2018. It’s also our fourth green financing bringing our total green loan financings to more than $2 billion,” said Sharif Metwalli, Vantage’s chief financial officer. “This financing provides an even stronger financial position for our North American platform and enables us to continue scaling the business to meet customer demand in an environmentally friendly way. We appreciate the ongoing support and partnership from our lead investor, DigitalBridge, and their confidence in us to grow the business to not only meet our customers’ IT requirements but also to align with our customers’ sustainability goals.”

“Vantage is delivering on its growth strategy, and despite inflation and the challenging capital markets, investors continue to be confident in Vantage’s ability to execute as evidenced by this securitization,” said Jon Mauck, senior managing director at DigitalBridge. “We look forward to further building on this momentum to drive value for our stakeholders, not only in North America, but around the world. Vantage is uniquely positioned for long-term growth with a leading digital infrastructure platform designed for the world’s preeminent hyperscalers and cloud providers.”

Vantage recently announced that AustralianSuper, Australia’s largest pension fund, will invest €1.5 billion to acquire a significant minority stake in Vantage’s EMEA business, joining DigitalBridge as a key shareholder. The investment will accelerate Vantage’s ability to scale its footprint across the EMEA region to support customer demand.

The notes have not been, and will not be registered, under the Securities Act of 1933, as amended, and may not be offered or sold absent such registration, or an applicable exemption from the registration requirements thereunder. This press release is neither an offer to sell, nor a solicitation of an offer to buy any notes, nor shall there be any sale of the notes in any state or jurisdiction in which the offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such jurisdiction.

About Vantage Data Centers

Vantage Data Centers powers, cools, protects and connects the technology of the world’s well-known hyperscalers, cloud providers and large enterprises. Developing and operating across five continents in North America, EMEA and Asia Pacific, Vantage has evolved data center design in innovative ways to deliver dramatic gains in reliability, efficiency and sustainability in flexible environments that can scale as quickly as the market demands.

For more information, visit https://www.vantage-dc.com.

About DigitalBridge

DigitalBridge (NYSE: DBRG) is a leading global alternative asset manager dedicated to investing in digital infrastructure. With a heritage of over 25 years investing in and operating businesses across the digital ecosystem including cell towers, data centers, fiber, small cells and edge infrastructure, the DigitalBridge team manages over $70 billion portfolio of digital infrastructure assets on behalf of its limited partners and shareholders. Headquartered in Boca Raton, Florida, DigitalBridge has key offices in New York, Los Angeles, London, Luxembourg and Singapore.

For more information, visit: www.digitalbridge.com.

Contacts

Mark Freeman

Vantage Data Centers

mfreeman@vantage-dc.com
+1-202-680-4243

Robin Bectel

REQ for Vantage Data Centers

vdc@req.co
+1- 202-936-6335

– New data reveals that ninety percent of Torontonians believe the city needs better-built condos –

– Click here to access the first renderings for 101 Spadina –

TORONTO–(BUSINESS WIRE)–Today, Devron Developments (Devron), one of Toronto’s leading residential home builders passionate about creating high quality, long-term livable condominiums (condos), releases results from a survey of Torontonians conducted among members of the Angus Reid Forum. The survey found that 90 per cent of respondents believe that the city needs better-built condos, and over three quarters (83 per cent) agree that the city is starved for good architecture. Gathering insights on the sentiments of current and future homeowners towards the Toronto condo market and condominium developments’ contribution to the city’s skyline, the poll surveyed over 800 respondents in the Greater Toronto Area in late June 2023. Alongside this new data, Devron is announcing its latest project, 101 Spadina – a 38-storey residence located at the southeast corner of Spadina Ave. and Adelaide St. – to provide Torontonians with a condo they can call home.

Not another glass box, Devron’s 101 Spadina project aims to change the condo narrative. 101 Spadina will provide Torontonians with the option to own a home with timeless architecture. Built with a brick and stone façade to pay homage to the rich architectural heritage of Spadina Ave. the building includes large livable suites, comfort-focused building features, geothermal heating and cooling, a new 10,000 sq ft public park at the foot of the building and more.

Located on Toronto’s largest avenue, the project will occupy the current Green P and 101 Spadina building at the southeast corner of Adelaide St. and Spadina Ave. In addition to the public park, proceeds from the land transfer will support the creation of affordable housing units off-site in the area.

Condos can be long-term homes

As condos in Toronto are getting smaller and smaller, Devron is doing things differently by building livable, spacious suites with an emphasis on quality beyond just the surface. Prioritizing the quality behind the aesthetics, Devron is solving typical condo living woes with its Building Sciences, out of sight features that enhance the overall condo-living experience; from heightened sound insulation to leak detection and better lighting with pot lights in all suites, Devron ensures the homeowner’s comfort is top of mind.

Due to the unsustainable single-family house price, exacerbated by soaring interest rates, and a lack of high quality condominium homes, Torontonians have been pushed further and further away from the city, where most of the city’s jobs, culture, and entertainment infrastructure lie. This sprawl has given rise to more traffic and travel times which means less time spent with family, an isolation of people from social and economic infrastructure, and an overall decrease in quality of life. According to the survey, many Torontonians want to stay close to the beating heart of the city, but report lacking condos that are built with the quality and size to be called a home for too long:

• Half (52 per cent) of Torontonians say they would consider purchasing a larger condo as their long-term home. Among those who do not currently own a condo in the GTA but plan to do so, 72 per cent would consider purchasing a larger condo as their long-term home.
• Over half (56 per cent) believe condos can be a long-term housing solution versus mostly transitional homes. This number jumps to 60 per cent when honing in on already-existing condo owners.
• According to over 60 per cent of respondents, condos must have ample storage and spacious living spaces as these are the main challenges Torontonians list when considering living in a condo.
• According to 56 per cent of respondents, condos can make a long-term home when it includes being close to services, access to amenities such as green space, and large spacious units.

“Toronto is an incredible city with an abundance of potential. However, condos, our fastest-growing and most sustainable housing option, do not often evoke much excitement or pride for many Torontonians. As a result, condos are seen by many as a temporary place to live. It pains me and makes me realize that we have a lot of work to do to help inspire people to feel that “condo” can be synonymous with “home” for people and families at all stages of life,” says Pouyan Safapour, President of Devron. “What is interesting with this challenge is that it is fairly unique to Canada. In most other major cities in the world, multi-family homes are not seen as transitionary housing. If we don’t overcome this major challenge, and rebuild consumer confidence in multifamily living in Toronto, people and families will continue to sprawl, it will become impossible for our infrastructures to serve people, and the city will lose its vibrancy. This is why we are passionate about creating condos that we feel Toronto deserves, and that Torontonians can be proud of. We want people to have options for multi-family homes that inspire them to stay and call downtown Toronto home. With our latest project, 101 Spadina, we hope to do just that.”

The Toronto skyline needs help

Canada’s largest metropolis isn’t renowned for its architecture. It’s the opposite. As a developer focused on bringing inspiring architecture to the city, Devron is committed to elevating Toronto’s skyline by building aesthetically pleasing and community-driven developments. Designed in partnership with Audax Architects, the contemporary art deco building will exist in respectful harmony with the beautiful 100 year-old architectural buildings on Spadina Ave., while having its own modern character. Torontonians believe the city needs higher quality buildings that heighten the city’s architectural experience.

• Over three-quarters (83 per cent) of Torontonians agree that the city is starved for better architecture.
• Almost three-quarters (71 per cent) believe other cities have more interesting or exciting condo developments in comparison to Toronto.
• Nearly all respondents (90 per cent) believe the city needs better-built condos that suit people’s lifestyle needs (functional layouts, access to amenities, etc.)

Devron’s 101 Spadina project aims to answer Torontonians’ request for better-built condos, exciting architecture, and livable suits. Sales for 101 Spadina launch in 2024. Visit 101spadina.com to register.

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, 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

Rebranded Products Shown at Equip Exposition 2023

WEST FARGO, N.D.–(BUSINESS WIRE)–Doosan Bobcat, Inc., a company within Doosan Group, has expanded its global branding strategy as it announces its RYAN® turf renovation equipment will rebrand under the Bobcat trade dress in 2024. Bobcat, a global compact equipment, innovation and worksite solutions brand, invented the compact equipment industry when it introduced the first compact loader in 1958.

RYAN equipment joined the Doosan Bobcat portfolio in 2020, following the acquisition of BOB-CAT Mowers and the Steiner and RYAN brands of grounds maintenance equipment from Schiller Grounds Care, Inc. RYAN has produced trusted turf renovation equipment for more than 75 years and features a unique product lineup including aerators, sod cutters, dethatchers, power rakes, overseeders and other specialty products that serve landscaping and grounds care professionals across a variety of industries including golf, sports turf, landscaping and rental.

Following the company’s success in new product industries such as mowers, compact tractors and grounds maintenance equipment, Bobcat has streamlined its branding approach to strengthen overall brand equity, market recognition and consumer recall of all product offerings. The transition aims to create a cohesive customer experience and grow the organization’s footprint, making the brand more accessible to more customers in more places.

“Bobcat has been a recognized name for decades—known for its toughness and versatility. We are proud to extend the brand to new product categories so we can empower even more people to accomplish more,” said Scott Park, Doosan Bobcat CEO and vice chairman.

Earlier this year, Doosan Bobcat announced its Doosan Portable Power, Doosan Industrial Air and Doosan Industrial Vehicle brands would transition into the Bobcat product portfolio in North America and applicable markets worldwide in 2024.

“The Bobcat brand has grown tremendously over the past years, and we recognize the opportunity to further unleash the brand in bold, new ways by extending it into new product categories as we grow our brand portfolio,” said Laura Ness Owens, Doosan Bobcat vice president of global brand and North American marketing.

With this refreshed identity, RYAN products will undergo design and aesthetic changes in alignment with current Bobcat branding. The turf renovation equipment is produced at the Doosan Bobcat manufacturing facility in Johnson Creek, Wis., and will continue to be manufactured there following the brand transition.

Bobcat-branded RYAN equipment, along with its newly rebranded portable power, industrial air and material handling, is expected to be available for customer purchase through Doosan Bobcat’s extensive, global dealer network in 2024. Bobcat and these rebranded product lines will proudly remain part of the broader Doosan Group portfolio.

The Bobcat-branded turf renovation products will be displayed in the Bobcat indoor booth (3052) at Equip Exposition in Louisville, Ky., from Oct. 17-20.

Media Resources: For more information and visual assets of rebranded prototype machines, please visit this Dropbox link.

About Bobcat

Since 1958, Bobcat Company has been empowering people to accomplish more. As a leading global manufacturer of compact equipment, Bobcat has a proud legacy of innovation and a reputation based on delivering smart solutions to customers’ toughest challenges. Backed by the support of a worldwide network of independent dealers and distributors, Bobcat offers an extensive line of compact equipment, including loaders, excavators, compact tractors, utility products, telehandlers, mowers, attachments, implements, parts, and services. In 2024, Bobcat will expand its brand with the addition of portable power, industrial air, industrial vehicle and turf renovation offerings. Headquartered in West Fargo, North Dakota, Bobcat continues to lead the industry with its new and innovative offerings.

The Bobcat brand is owned by Doosan Bobcat, Inc., a company within the Doosan Group. Committed to empowering people to accomplish more, Doosan Bobcat is dedicated to building stronger communities and a better tomorrow.

©2023 Doosan Bobcat, Inc. All rights reserved.

Contacts

Nadine Erckenbrack, Bobcat Public Relations Manager

Email: na.newsroom@doosan.com
Mobile: 701-205-9207

AUSTIN, Texas–(BUSINESS WIRE)–#Sustainability–Commercial building owners in Alberta and Saskatchewan will be able to upgrade their buildings with energy-efficient solutions and zero upfront costs. Efficiency Capital, Canada’s first energy-as-a-service company, has partnered with CLEAResult, the nation’s leading energy efficiency solutions provider, to launch this innovative initiative.

Businesses in Alberta and Saskatchewan can complete energy efficiency upgrades without any upfront capital. The investment is paid back over time from the savings generated, resulting in increased building values and positive cash flows from day one. In addition to access to preferred project capital, businesses will also enjoy the support of an expert project team to help manage the project’s implementation, leaving building owners to focus on what matters most—their business operations.

Qualifying projects will undergo a diverse range of energy retrofits, including—but not limited to—building envelope improvements, on-site renewable energy generation and fuel switching for retail spaces, warehouses, accommodation and food service facilities.

“Energy efficiency and economic stimulus go hand in hand,” says Chandra Ramadurai, CEO of Efficiency Capital. “We’re thrilled to provide capital and turn-key execution for these cash flow-positive projects that Alberta and Saskatchewan building owners can use as an opportunity to lower energy costs in their facilities while creating jobs and environmental benefits that support the whole community.”

Efficiency Capital, which has a significant track record of deploying capital for energy upgrade projects across the country, will bring in the required funding and project management capability, while CLEAResult will leverage its experience and reputation as a leading program execution partner to identify, plan, leverage funding programs and support the execution of these projects.

“Our biggest challenge is that there’s so much money available, and not enough businesses are taking advantage of it,” Keri Macklin, CLEAResult’s Vice President of Decarbonization, explains. “Deploying this much capital for energy conservation as quickly as we plan to has never been done, and we’re excited to make it happen.”

We are now accepting applications for our first cohort until 31 October 2023. To apply for funding and find more details on the program, visit clearesult.com/canada/programs/energy-efficiency-retrofit-program.

About CLEAResult

CLEAResult is the largest provider of energy efficiency, energy transition and decarbonization solutions in North America. Since 2003, our mission has been to change the way people use energy. Today, our experts lead the transition to a sustainable, equitable, and carbon-neutral future for our communities and our planet. Our hometown teams collaborate with a diverse network of local partners to deliver world-class technology and personalized services that make it easy for commercial and industrial businesses, governments, utilities and residential customers to reduce their energy use and carbon footprint. CLEAResult is headquartered in Austin, Texas, and has over 2,400 employees in more than 60 cities across the U.S. and Canada. CLEAResult is majority owned by TPG through its middle market and growth equity investment platform TPG Growth and its multi-sector global impact investing strategy The Rise Fund.

Explore all our energy solutions at clearesult.com.

Follow us on: Facebook | LinkedIn | Twitter | Instagram

About Efficiency Capital

Efficiency Capital (EC) is Canada’s first energy-as-a-service company that develops, funds and manages net-zero projects in the built environment. Incubated by The Atmospheric Fund (TAF) – a regional climate agency, EC seeks to increase the flow of third-party capital into such projects by leveraging strategic partnerships with various banks, impact investors, community foundations and other organizations to enable the transition to an energy efficient, low-carbon economy. EC has announced many new partnerships in Nova Scotia, Quebec and Alberta as it seeks to expand across the country and has access to significant low-cost project funding to deliver fully funded, turnkey and de-risked decarbonization solutions.

For more information, visit: www.efficiencycap.com.

Follow us on: LinkedIn | Twitter

Contacts

CLEAResult

Amber Tester

Director Corporate Communications

media@clearesult.com

Efficiency Capital

Manasvi Thakur

Account Manager

manasvi@bubblegumcanada.com
437-366-4207

 

BEACHWOOD, Ohio–(BUSINESS WIRE)–Tremco CPG Inc. (“Tremco”) today announced the acquisition of the wall system fabrication segment of NOW Specialties, LLC (“NOW”). Located in Carrollton, Texas, NOW is a leading panel wall system fabricator specializing in Metal Composite Material (MCM) and Aluminum Composite Material (ACM) panels. The installation side of the business was not acquired and continues to operate as NOW Specialties.

“This acquisition represents a major step toward establishing Tremco as the leader in offsite construction – a significant and growing trend and a key strategic direction for the organization,” said Ron Kaminski, President, Tremco Commercial Sealants & Waterproofing Division. “Besides adding MCM and ACM to our growing Modulite™ panel fabrication program, this acquisition aligns with our core value proposition of delivering systems that are easy to build and maintain, virtually impervious to the elements and can be customized to provide nearly any desired look.”

Building Envelope Testing for Code Compliance, Performance and the Health and Safety of Occupants

“The NOW-8000 system was particularly attractive to us because it has been tested in full accordance with 2015 IBC 1407 (metal composite materials) and 2015 IBC 1703.5 (labeling) and, since 2018, can bear the Intertek mark,” Kaminski says.

NOW Specialties was the first US MCM fabricator to comply with IBC 2015 labeling requirements. A drained/back-ventilated rainscreen, the NOW-8000 system is lightweight, easy to install, designed around proven route-and-return and tongue-in-groove technology, and meets the latest, most rigid test standards and building codes.

NOW’s commitment to third-party certification aligns with Tremco’s focus on tested systems. More than ten years ago, Tremco invested in what is now the Tremco Building Science Laboratory. Developed in collaboration with the Air Barrier Association of America (ABAA) and with input from the building science community, the Tremco Building Science Laboratory is a state-of-the-art facility for testing air and moisture infiltration/exfiltration in building enclosures, pushing systems beyond ASTM standards to help avoid energy loss, structural deterioration and poor indoor air quality.

Supporting Growth of Offsite Construction

The benefits of offsite construction – including improved efficiency, higher quality and a faster path to revenue for building owners – are well documented and have contributed to the increased adoption of this building method. With increased adoption comes the demand for more design options.

“The acquisition of NOW’s wall system fabrication segment allows us to expand our Modulite offerings, giving our customers additional choices, which already include several Outsulation® continuous insulation panel types featuring a wide range of Dryvit® brand finishes replicating brick, stone, woodgrain, granite, metal and more,” Kaminski says.

Tremco’s network of offsite and modular construction specialists is available to help both those considering offsite construction and those new to this method who may require additional technical support and assistance.

The Single-Source Building Envelope

With the addition of ACM and MCM panels to the Tremco portfolio, building developers, designers and owners who want a metal panel facade can reduce risk and minimize the chances of envelope failure by taking advantage of fully tested, compatible building envelope systems and single-source warranty. This can include below-grade waterproofing, air barriers, sealants, expansion joints, traffic coatings and more.

About Tremco Construction Products Group

Tremco CPG Inc. is part of Tremco Construction Products Group (“Tremco CPG”). Leading Tremco CPG brands include Tremco Commercial Sealants & Waterproofing, Tremco Roofing & Building Maintenance, Tremco Barrier Solutions, Dryvit, Nudura, Prebuck, Willseal, Giraffe, Pure Air, Canam, WTI and WTC.

Together, Tremco CPG companies form an industry-leading provider of comprehensive systems and services for all six sides of the building enclosure. Whether new construction or restoration, commercial, residential, in-field or in-plant – structures with Tremco CPG systems are easier to build and maintain, virtually impervious to the elements, and can provide any look desired. For restoration and renovation of existing structures, Tremco CPG’s six-sided solutions deliver demonstrable performance at the lowest possible life cycle costs and ensure peace of mind through long-term warranties and maintenance programs. For more information, visit tremcocpg.com.

Contacts

John Buckley

Marketing Communications Senior Director

P 224.456.4601

jbuckley@tremcoinc.com