Developing innovative purpose-built rental apartment buildings
Contessa Developments Inc. is a residential developer and merchant builder with a vision to undertake a new generation of purpose-built rental apartment buildings to meet the growing need for quality rental accommodation in the City of Toronto and beyond and create improvements to the City’s urban corridors of the future.
As a Developer, Manager and Partner, Contessa is involved in a number of projects, including the mixed-use purpose-built rental apartment building development at the intersection of Dundas Street West and Shorncliffe Road.
Contessa’s office is headquartered at 555 Richmond Street West in the City of Toronto, with a professional team for site acquisitions, project management, project finance, marketing, and property management. The team has many years of experience in the real estate development and property management business, with a special focus on residential.
A Strategic Approach to Purpose-Built Rental Apartments
Our experience has helped us position ourselves in the sweet spot of real estate development: purpose-built rental apartments. Let our team's experience work for you in Canada's fastest and steadiest growing real estate development sector.
We offer a complete range of dedicated services, including the following:
Site Acquisitions
We source attractive, suitable sites, perform pre-due diligence, and run initial pro formas to support the acquisition.
Due Diligence
We provide a detailed analysis and close examination of the investment. We identify planning and cost-saving opportunities, combined with market analysis, projections, and development pro formas to support the terms of the acquisition.
Equity Syndication
Through our network of industry associates, we facilitate equity syndications, bringing together quality investors with institutional capital partners.
Project Monitoring and Cost Control
Our team supports ongoing transparency, provides reports to the equity investors and capital partners, and provides cost accounting and cost control.
Structuring Transactions
Given our team’s M&A background, we develop a deal strategy and structure the transaction accordingly.
Development Management
We can manage your project from the completion of the acquisition, through the approval process and completion of construction, all the way to stabilization.
Our Experience Helps Us Position for Success
With over 50 years of collective experience in the real estate development industry, our team has the skills and knowledge to make your project a success.
Current Projects
5400 Explorer Drive, Mississauga, Ontario
Contessa Developments Inc. is acting as owner’s representative on behalf of Polaris Realty (Canada) Limited for this new 248,000 square foot logistics center. As an owner's representative, Contessa serves as a liaison between Polaris Realty and the construction team, overseeing and coordinating the development process on behalf of the owners. Contessa’s role entails ensuring that the project aligns with Polaris Realty's vision and objectives, monitoring progress, managing communication between stakeholders, and providing expert guidance throughout the construction and completion of the logistics center. Contessa has helped streamline the development process while ensuring that Polaris Realty's interests are safeguarded at every stage of the project to guarantee the project’s success.
Dundas Shorncliffe Development Project
A brand new purpose-built 22-story concrete rental apartment building will be constructed in the “Islington-City Centre West” neighborhood of Toronto. The building will bring 259 new rental units across a mix of one, two and three bedrooms, including townhouses, to the neighborhood. The building will include top-of-the-line resident amenities, such as a fully-equipped wellness center, media room, party room, two outdoor rooftop amenity areas, bicycle parking spaces, and 13,000 square feet of ground floor commercial space. A quick walk to the Kipling Subway Station (TTC) with GO Train access and only a few minutes to a major hub, Highway 427, will provide several commuter options.
© 2023 Contessa Developments. All rights reserved.
© 2021 Contessa Developments.
All rights reserved.
