Westdale Properties is a major player in the Canadian real estate market, with a primary focus on multi-family residential buildings. However, they’ve since expanded to other types of properties, such as commercial, industrial, and office sectors of the industry. They’ve been in operation for more than 60 years and have gained a significant presence throughout Canada and North America. Their drive for excellence in ensuring positive experiences for their thousands of tenants each day as well as their ability to partner with top industry leaders, sets them apart from the rest. In this article, we will take a closer look at Westdale Properties’ history, portfolio, partnerships, recent projects, and future plans.
Westdale Properties was founded in 1955 by Jack Winberg as a small property management company in Toronto. Over the years, they’ve evolved into a full-service real estate company with a diverse portfolio of holdings across Canada and the United States. The company is now led by President and CEO Mitchell Cohen, who has continued to drive its success. Under his leadership, Westdale Properties has remained dedicated to its mission to deliver exceptional properties and management for its tenants and stakeholders.
Portfolio of Westdale Properties
Westdale Properties has a diverse portfolio of properties that range from residential to commercial and industrial spaces. They own, develop, and manage properties throughout Canada and the United States. They have been able to gain a significant presence in major Canadian markets such as Toronto, Calgary, and Halifax. Their portfolio includes:
1. Residential Properties: Westdale Properties has built its reputation on multi-family residential buildings, including rental apartment buildings and condos. They have several residential properties across Canada and the United States. Their properties offer a high level of comfort with modern amenities, including fitness centers, swimming pools, and community rooms.
2. Commercial Properties: Westdale Properties has a significant presence in the commercial sector in North America. They own, manage, and develop commercial buildings, especially those with significant heritage. Their commercial properties include offices, shopping centers, and mixed-use environments.
3. Industrial Properties: Westdale Properties manages several industrial properties throughout Canada and the United States, including warehouses, distribution centers, and manufacturing plants.
Westdale Properties has been able to partner with some of the biggest industry leaders in Canadian real estate, which has helped them become involved in some of the most anticipated projects across the country. One notable partnership is with Great Gulf, an award-winning home builder that has marked its presence throughout Toronto. The partnership with Great Gulf has allowed Westdale Properties to be part of some of the most coveted condo projects across Toronto.
Woodcliffe Corporation is another remarkable partnership Westdale Properties has. Woodcliffe Corporation has an impressive portfolio of commercial properties that include heritage buildings, which have been strategically adapted into thriving commercial centers. Their unique approach has resulted in a long list of awards, including the City of Toronto Urban Design Award for Excellence in 2015, the Award of Merit from Heritage Toronto in 2011, and the BOMA Building of the Year Award in 2008.
Westdale Properties has its sights set on being one of the most prominent condo developers in the Greater Toronto Area (GTA) and beyond. One of their most significant projects to date is the One Bloor project, standing at 75 storeys with 789 residential units. The building’s unique undulating balconies give it a rippling effect and stands out in the Downtown Toronto’s vital intersection of Yonge and Bloor.
Another notable project is the Nobu Residences Toronto. Westdale Properties is one of the partners on this project, which will consist of two towers and 700 residential units, making it the first Nobu branded development in Canada.
Westdale Properties has a clear vision for its future as a leading real estate company in Canada and the United States. Their main focus is on continuing to build and manage exceptional properties that will exceed tenants’ expectations while also expanding their reach through strategic partnerships with industry leaders. They are looking to continue expanding their presence in the commercial and industrial sector in North America.
In conclusion, Westdale Properties has been able to build a successful business in the Canadian real estate market by remaining dedicated to its mission of providing exceptional service and management to its tenants. Their diverse portfolio of properties covers all sectors of the real estate industry, from residential to commercial and industrial spaces. Their success is driven by their ability to partner with top industry leaders and their commitment to excellence, which is reflected in the quality of their properties. Westdale Properties’ future looks bright, and we can expect them to continue making an impact in the Canadian and North American real estate market for years to come.
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