History


The 2ks

Daimler Chrysler Building, Windsor, ON

Canderel’s first commercial project in the South West Ontario market. Canderel successfully facilitated negotiations between Daimler Chrysler and the City of Windsor, resulting in the construction of Windsor’s tallest office building.

Newport Beach, Etobicoke, ON

Selling out in record time, Newport Beach began the transformation and redevelopment of a former motel strip into a mixture of condominium and retail developments. Another example of Canderel’s visionary trail-blazing.

1075 Bay Street, Toronto, ON

The discerning vendor was very specific as to whom it wanted to sell the building - the buyer had to be a tenant oriented, high quality real estate company capable of providing attentive service and management excellence. Canderel, already renowned for its philosophy of TLC (Tenant Loving Care), met all the vendor's criteria. Many of the original tenants, are still at 1075 Bay.

Cisco Systems Headquarters, Kanata, ON

Another challenge eagerly accepted by Canderel. The mandate: to deliver 3 office buildings totalling 450,000 sq. ft. over a period of 18 months, each with very unique requirements. Complicating matters was the requirement for the ability to double the size of the overall facility should there be a future need, with all facilities linked together to facilitate interaction amongst the employees. The entire project was flawlessly executed.

1010 de la Gauchetière West, Montreal, QC

Canderel lost the opportunity to acquire this property which went to a direct competitor… who promptly appointed Canderel to manage and lease the property. Operating costs were reduced and vacancy went from 20% to below 5%. The building was subsequently sold and Canderel continues to manage the property for an institutional European investment fund.

Massey-Harris Lofts – Historical Conversion Project, 915 King Street West,Toronto, ON

This project exemplifies Canderel’s respect and appreciation for great buildings and showcases yet another notable skill – quality restoration. The original Georgian-style building was built in 1883 and was slated for demolition by another developer with only the north and east facades surviving the demolition. When that developer backed out, Canderel stepped in. After touring the site, Canderel decided to keep this magnificent building intact and convert it to condominium suites and lofts. A number of hurdles were overcome to preserve the integrity and safety of the building. Special care was taken with the original wood staircase, the timber columns, exposed brick and even the original stained glass, restoring them all to their former glory.

The result of this restoration project was 46 magnificent lofts, each uniquely designed. Canderel remained true to the integrity of the building’s 19th century charm, while seamlessly blending 21st century interior design and finishes. Without the benefit of a formal sales office, the units sold out in record time.

Waterford, Etobicoke, ON

With vision and an understanding of a changing market and landscape, Canderel acquired a once undesirable strip of Etobicoke waterfront that would eventually become a luxury condominium complex with the look and feel of a world class, 5-star hotel.

With unobstructed views of the waterfront, each suite was designed to include the highest quality finishes including European designed kitchens, marble clad bathrooms and grand entrances. Purchasers also had the ability to custom design their interiors. Offering large units from 1,500 to 5,000 sq. ft. with prices ranging from $500,000 to $5 million, Waterford set a new standard.

DNA (Downtown's Next Address) Phase I & II – King West Village, Toronto, ON, 1005 King Street West (2004-2006)

Some call it instinct. Others recognize that it comes with years of knowledge and experience. Call it what you will, but with foresight and intuitiveness, Canderel took the King West area – with derelict factories on most corners – and transformed it into the ‘new hip, new downtown address’ for young urban professionals.

And certainly luck had nothing to do with it. The Canderel team did its homework – research, focus groups – and launched its branded ‘DNA campaign’ offering urban professionals not only great prices, but unique superior finishes such as granite countertops, rain shower heads, sliding bedroom doors and concrete ceilings and floors. What would be considered as ‘upgrades’ by most other developers were ‘standard’ with Canderel’s DNA suites. Phase I and II successfully sold out their 546 units, all prior to the completion of the project in 2007. Canderel also dedicated 0.4 hectares of DNA land to the City to create a fabulous park for its residents and the community. Today, King West Village is a thriving, vibrant and desirable neighbourhood.

777 Bay Street, Toronto, ON (2006–2007)

There was a time when Bay & King and Bloor were the only two office markets in downtown Toronto. But with an increase in residential development in the area – much of it being Canderel driven – change was afoot. A new urban district was in creation and Canderel wanted to continue to be part of it.

Canderel recognized tremendous synergies and opportunities at 777 Bay Street, a Class A office tower with 30 floors, over 900,000 sq. ft. of office space and a significant complement of retail. Acquiring the property in 2006, Canderel enhanced the retail tenancies, improved the office building management and applied its well-developed leasing strategy.

The Residences of College Park Phases 1 and 2, Toronto, ON (2003–2007)

In 2000, Great West Life, owners of the College Park complex, were looking for a strong developer with a proven track record to build a multi-family project on the property with a view to breathing new life into the area. Only a project with bold vision on a grand scale could restore this area to its former glory and Canderel was selected to take on the challenge.

The proposal was to build two of the tallest condominium towers in the City of Toronto, 45 and 51 storey buildings consisting of 1200 residential suites and 12 townhouses backing on to a park on the east side of the site. No developer at that time had even considered embarking on a plan to create two landmarks of this magnitude in the heart of downtown. Canderel, through its dealings with the City of Toronto, was also able to create a direct underground connection to the subway at College Park from both towers and received approval for close to 9000 sq. ft. of commercial space at grade.

What began as the loftiest of goals has now become reality. Owners of condominium units in these buildings have seen their property values increase substantially and the Bay and College corridor has become one of the most sought after locations in the City to live and work.

In recognition of this phenomenal achievement, Canderel received numerous accolades from the development industry, the City of Toronto and from the local business community with regards to the quality and architectural design of the project.

Bell Canada Campus, Nuns’ Island, QC (2007–2009)

In the late 1980's, Canderel joined forces with Proment Corporation to complete the commercial development of their commercially zoned lands on Nuns' Island. The 80s and early 90s saw the continued development of projects on Nuns' Island but none compared with the behemoth that became the corporate headquarters for Bell Canada.

The timing of the transaction was prescient: Bell was looking to cut costs by consolidating over a dozen locations under one roof while at the same time changing the way it operated its business by moving everyone into a collegial environment favored by a low rise, generously landscaped development. The borough of Verdun had just completed a two year process to finalize the plans to bring new infrastructure to the north tip of Nuns’ Island and the budget was on the verge of being approved by the City of Montreal. All that remained for Canderel to do was plan, design, negotiate and execute the delivery of 840,000 sq. ft. of office space with a 2,000 car below-ground parking garage on ten acres, which would become ‘home’ for 4,000 Bell employees.

After multiple sessions with Bell Canada and City officials on design and development, more than five iterations of the project were prepared. The result is a remarkable campus with green roofs and courtyards, common spaces and a LEED certification, underlining Canderel’s commitment to sustainable development. The entire project was negotiated in 6 months and built in a mere 17 months. In March of 2009, at the Montreal Real Estate Forum, Canderel was awarded the Urban Development Institute’s prestigious "Commercial Award of Excellence" for its development of this exceptional property.

The Bell Campus is a brilliant example of Canderel’s ability to execute fast track design and to build what has become an award-winning, landmark project.

2007: Aura at College Park, Toronto, ON

While the Residences of College Park were Canderel’s first, crowning glory, during their construction, plans were already underway for Canada’s tallest condominium project ever. Having acquired the parking lot on the North West corner of Yonge and Gerrard, ‘Aura at College Park’ would redefine residential living in one of North America’s most exciting cities.

Initial opposition to the 80 storey complex was intense until Canderel set up a plan to bring together three of the top local architects and two renowned international architects to do a peer review of the project. The review was the first of its kind in Toronto and resulted in a series of minor changes to the building that won over local residents and city officials.

Marketing was launched in early 2008 and the building is now over 99% sold and was one of the fastest selling projects in Toronto. The sales success can be attributed to a large percentage of repeat buyers from other Canderel projects, including those in the first two phases of the Residences of College Park. Canderel's reputation in the Toronto housing market has created a loyal base of buyers and an international reputation for innovation and excellence.

Amica at Westboro Park - 491 Richmond Road, Ottawa, ON

In 2006 Canderel partnered with Amica Mature Lifestyles Inc. to construct Amica at Westboro Park, a $35 million, five-star retirement residence.  Comprised of 138 suites, including a 29-suite assisted living floor, this Barry Hobin-designed residence set a new benchmark for luxury retirement living in Ottawa.  Canderel sold its interests to Amica in 2012.

EDC - 150 Slater Street, Ottawa, ON

In 2009 Canderel and its development partner Broccolini Construction Inc. were selected to build the new head office for Export Development Canada (EDC) in downtown Ottawa.

The 18-storey, 520,000 sq. ft. building is located at the corner of Slater and O’Connor Streets.  The project value was in excess of $150 million.

The EDC head office was the largest new office construction project in downtown Ottawa in the past 25 years.  Designed by the architectural firm Beique, Legault, Thuot, it is a first-class, prestigious structure that has set a new standard for offices towers in the city.  The project was engineered to LEED Gold standards.

Aura at College Park - Phase III, Toronto, ON

Over 1600 residents have moved into Aura, the sleek and soaring 80-storey tower at Yonge and Gerrard.

This downtown hub is now home to numerous landmark stores including Bed, Bath and Beyond, Marshalls, RBC and BMO.  The P1 concourse level features a wide array of boutique shops and a food court.

Residents and visitors alike can enjoy a delicious meal at REDS Wine Tavern, Duke's Refresher Bar and Scaddabush.

Aura also boasts Hard Candy Fitness with close to an acre of exercise facilities.

DNA3 - Toronto, ON

Canderel has taken the DNA brand to the next level with DNA3 – Downtown’s Next Address.  DNA3 is the third and final phase of the DNA Condos community in King West.  This fashionable, modern residence completes the vibrant King West neighbourhood that has now become the most sought after condominium community in the west end of downtown Toronto.

This hot new development offers an illuminating building design, sleek suite finishes and modern amenity spaces including an outdoor terrace space, sundeck and misting station, private lounges and dining areas, a state of the art fitness facility, relaxing yoga lounge, a rooftop terrace designed for being social and a 20,000 square foot retail podium.

DNA3 is minutes to Toronto’s downtown core with convenient TTC access right at the front door.  Exciting retailers of this development include City Market by Loblaws, TD Bank, Tim Horton’s and Sleep Country.

There is an abundance of neighbourhood amenities, services, retail, parks, shopping, restaurants and nightlife all minutes away.  DNA3 is in the centre of it all.