In the modern age, we all want to be connected. We’re connected to our friends, our family and our work. Haven Developments is making strides to connect with the city you love. They are an emerging real-estate development company that focuses on connecting you with the city you love. They do this by acquiring locations that are close to transit – both existing and developing – so you can access any part of the city you need.
Jordan Teperman, fifth generation of the iconic Toronto wrecking crew clan, is set to start demo work for Six25BV, the second project for his new development firm. We snapped him on-site at Sheppard Avenue East and Greenbriar Road, where Haven Developments is proposing an eight-storey, 146-unit condo with 10k SF of retail. Having honed his builder chops with Decade Group, Jordan launched Haven with Paolo Abate and Anthony Abate, of the Greenpark Homes family. “They had sites, my family had some, so we said let’s come together,” Jordan tells us, noting most properties are within 500 feet of transit.
With a new subway and light rail transit scheduled for Keele Street and Finch Avenue, Haven Developments thought the busy North York intersection would be ideal for its first commercial development.
University Heights Professional Centre will be an eight-storey, 160,000 square foot professional services development at 1275 Finch Ave., made up of retail space on the lower levels and professional offices on the upper levels, said Haven Developments CEO Paolo Abate.
Noting the Toronto-York-Spadina Subway Extension (TYSSE) will stretch to the intersection, which will eventually intersect with the Finch West LRT, Abate felt the corner fit in well with the company’s focus of building within 500 metres of major public transit. The company has several retail/residential developments in the city.
The backers of Downsview’s planned University Heights Professional and Medical Centrehope that real estate mantra will pay off with quick occupancy for its eight-storey building, which is anticipated to be ready for owners and tenants in June 2016.
It shares its auspicious date with the proposed unwrapping of the Toronto Transit Commission’s new Finch West Station subway, currently a series of large excavations at the southeast corner of York University’s main campus. An LRT station is also scheduled to be built by 2020, creating a busy transit hub.
A financial services firm has donated $100,000 to Humber River Hospital Foundation to assist with construction of Canada’s first fully digital hospital.
The donation by Real Wealth Group of Companies will go toward supporting the foundation’s $225-million campaign to bring the new Humber River Regional Hospital to fruition at Keele Street and Hwy. 401. Opening is slated for Oct. 18, 2015.
“It’s not too often in one’s lifetime you see a brand new hospital being built in your backyard, and one you will probably use in your lifetime,” said Paolo Abate, CEO of Real Wealth Group of Companies.
“It’s the first new commercial office development in…north of 35 years in the area,” says Paolo Abate, of Real Wealth Group, developer of the project.
“Without the announcement several years ago that construction was going to start on what’s going to be called new Finch West station, I don’t think this area would have been right for redevelopment.”
What is “good” retail? Is it a Tim Horton’s or a hipster espresso bar? Is it a bank or a restaurant? Ask three people, you’ll get five opinions — retail preference is as unique as the developer, the location and its community.
Dominic De Freitas, figure3’s vice-president of residential, says Toronto’s condo boom shows that speed has not been a virtue when it comes to retail programming.
Real Wealth Group of Companies is launching a new 8-storey, 180,000 sqft commercial development called University Heights in the heart of what will soon be a major new public transit hub at Keele Street and Finch Avenue. The building will comprise a pharmacy and retail space on the ground floor, a second floor mezzanine with a major medical lab, and other professional offices on the upper levels. Situated in proximity to three hospitals, three courthouses, the coming Finch West subway and LRT stations as well as York University; it is the perfect location for a developer with an eye to the future.
As the CEO of HAVEN Developments Paolo Abate believe it is important to build a city we all love.In 2008, Paolo Abate Co-Founded Courage Canada, a national charity and not-for-profit organization with the mission to provide blind and visually impaired youth the opportunity to develop skills and enjoy the game of hockey.