[Toronto, October 30, 2023] — TAS, an industry leader in Impact Real Estate, is delighted to announce the appointment of Priyanka Taneja, CPA, as the company’s new Chief Financial Officer, effective immediately. With an impressive career spanning more than 15 years in the real estate sector, Priyanka brings a wealth of expertise and leadership to the TAS team.   

With an active pipeline, and a portfolio totaling over 7 million square feet across 22 properties throughout the Greater Toronto and Hamilton Area, TAS continues to demonstrate the ability to leverage real estate as a tool to drive meaningful change in cities by imbedding affordability, sustainability and social impact.

“We are thrilled to welcome Priyanka as our new CFO and Partner. Her deep financial experience, focus on business transformation for sustainable growth, and extensive track record in engaging with diverse stakeholders will continue to strengthen our team”, says Mazyar Mortazavi, President and CEO of TAS. “Most importantly, Priyanka’s leadership aligns deeply with TAS’s vision and values and, our commitment to deliver profit and purpose across our platform.”

Priyanka is an accomplished real estate executive. She joins TAS after a successful tenure as the CFO of Irish Residential Properties REIT Plc, and Senior Vice President of Finance at CAPREIT, both leading real estate companies in Europe and Canada respectively. In her previous roles, Priyanka successfully led finance strategy and public-market reporting to shareholders. Additionally, she managed significant real estate transactions, debt portfolios and built high-performing teams to drive strong results. 

“I’m honored to join TAS’s leadership team that views every project with a lens of driving profit while making a measurable environmental and social impact,” says Priyanka. “I look forward to working with the team, board, partners and investors to advance TAS’s forward-thinking vision.”

Priyanka’s full bio can be found here:  https://www.linkedin.com/in/priyanka-taneja-cpa/

TORONTO, October 3, 2023 – BGO and TAS are pleased to launch The Campbell, a 14-storey, 236-unit purpose-built residential project in Toronto’s Junction Triangle neighbourhood featuring the first public library branch in the city delivered as part of an agreement between the development team and the Toronto Public Library. The Campbell also features 10 affordable housing units for women-led households who have survived domestic violence.

The Campbell was conceived as a multifamily residential development with a community inspired mission extending beyond its residents and into the fabric of the surrounding area where this new library amenity will deliver important new services to families and residents.

“From the beginning, this project went above and beyond. Our approach was initiated and guided by community input. We believe it’s important to engage with local communities early and often. We don’t meet with them to check a box – we invested time and resources to build relationships with people, to learn from them and to ensure our projects have a positive impact on their lives,” said Mazyar Mortazavi, President and CEO of TAS.

“The launch of The Campbell fulfills the vision of BGO and property co-owner, Sun Life, to execute this project with social innovation and lasting benefits to the surrounding community,” said Ross Strowger, Managing Director, BGO. “The Campbell is a great success story of bringing two likeminded partners together to do something very special that goes far beyond a typical residential development project. As proud co-owners and managers of The Campbell, we are now eager to bring this residential community to life through our property management approach that puts residents at the heart of everything we do.”    

The social focus of this new development will be further enhanced by the establishment of 10 affordable housing units for the exclusive use of women-led households who have survived domestic violence. It was made possible through an innovative new partnership with Interval House and The Redwood.

“As Canada’s first shelter for women and children fleeing intimate partner violence (IPV), Interval House prioritizes innovative solutions to address barriers to becoming economically self-sufficient and breaking the cycle of violence. In the city of Toronto, lack of affordable housing is a systemic barrier that women survivors of intimate partner violence cannot overcome on their own. It is also the primary barrier to employability and employment. The affordable units BGO and TAS are providing will transform the lives of survivors of intimate partner violence that will call The Campbell home, allowing them to break the cycle of abuse for good by achieving safety, security and economic independence for themselves and their families,” said Fazia Mohammed, Community Programs Manager at Interval House.

“The pandemic has worsened the situation for survivors of domestic violence. The chronic shortage of affordable housing and the soaring cost of living makes it impossible for survivors to get out and stay out of an abusive home. Those who do manage to find a shelter bed soon discover that there is nowhere to go after their stay. Trapped and with nowhere to go, more are now suffering behind closed doors. But thanks to this initiative, some of our most vulnerable women and children will now finally have a safe place to call home in The Campbell,” said Abi Ajibolade, Executive Director at The Redwood.

“To The Redwood and Interval House, this initiative is more than just ten units. It also helps free up shelter space in our sector when turn-away rates have never been higher. During this time of dire need, every bit helps and inspires other future project developments so even more housing support can be provided to survivors,” adds Ajibolade.

During the community engagement process, BGO and TAS learned that the existing local library branch was not meeting the needs of the community and needed to be upgraded and expanded. The partners struck a first-of-its-kind agreement with the City of Toronto and Toronto Public Library to integrate a brand-new library branch into the ground floor of The Campbell.

“The new library at 299 Campbell Avenue will better serve the changing needs of the Perth/Dupont community with a much larger, light-filled welcoming and inclusive space and expanded programs and services. We’re pleased to partner with TAS and BGO and appreciate their support on this project that has allowed for much needed library space for the community,” said Moe Hosseini-Ara, Director, Branch Operations & Customer Experience at Toronto Public Library.

The Campbell’s extensive art program also features 100% local BIPOC-sourced art that will contribute to the bespoke aesthetic of this inclusive and vibrant new resident community inspired by its diverse surroundings. Environmental performance is also a high priority for TAS and BGO as the property will target LEED for Multifamily Midrise v4, Toronto Green Standard Tier 2, and Fitwel certifications.

Learn more about Toronto’s newest purpose-built rental living community and its social mission by visiting: https://www.rentthecampbell.com/

About BGO

BGO is a leading, global real estate investment management advisor, real estate lender, and a globally recognized provider of real estate services. BGO serves the interests of more than 750 institutional clients with approximately $83 billion USD of assets under management (as of June 30., 2023) and expertise in the asset management of office, industrial, multi-residential, retail and hospitality property across the globe. BGO has offices in 28 cities across fourteen countries with deep, local knowledge, experience, and extensive networks in the regions where we invest in and manage real estate assets on behalf of our clients in primary, secondary and co-investment markets. BGO is a part of SLC Management, which is the alternatives asset management business of Sun Life.

The assets under management shown above includes real estate equity and mortgage investments managed by the BGO group of companies and their affiliates, and as of 1Q21, includes certain uncalled capital commitments for discretionary capital until they are legally expired and excludes certain uncalled capital commitments where the investor has complete discretion over investment.

For more information, please visit www.bgo.com

About TAS

TAS is an unconventional impact company that uses real estate as a tool to drive profit and purpose. As an industry leader in impact real estate, Certified B Corporation, signatory to PRI and member of the Global Impact Investing Network (GIIN), TAS pursues opportunities that create value for investors and generate measurable social and environmental impact. TAS has an active pipeline and portfolio totaling over 7 million square feet across 22 properties throughout the Greater Toronto and Hamilton Area.

TAS focuses on tackling climate change, broadening affordability and equity, and building social capital to create neighbourhoods – and ultimately cities – where people can thrive and belong. TAS champions conversation and collaboration to push the boundaries of innovation and explore what is possible. Join us by visiting tasimpact.ca and follow our journey on LinkedIn, Instagram, and Twitter.

Media Contacts

Camara Miller, TAS
media@tasimpact.ca

Rahim Ladha, BGO
media@bgo.com

Approval Clears the Way for What Will be Toronto’s First Net Zero Mid-Rise Residential Building

June 15, 2023 – Toronto City Council yesterday approved a Zoning By-Law Amendment (ZBA) application that allows for a new mixed-use development at 880 Eastern Avenue. The application was put forward by developer TAS, an unconventional impact company that uses real estate to drive profit and purpose. This will be Toronto’s first net-zero mid-rise residential building. 

The site is currently zoned for industrial use (I1 D2) with a height limit of 14 metres and density limit of 1x FSI. The re-zoning to a mixed-use designation will permit residential and commercial uses on the site, 12-storeys in height and 5.65x FSI. 

About 880 Eastern Ave 

At 880 Eastern in Leslieville, TAS is creating purpose-driven, people centered homes. Set to become Toronto’s first net-zero midrise residential building, this project is an example of how a building can be designed for both people and the planet.​ 

The 12-storey development, designed by SvN Architects, will incorporate 196 new homes including affordable units and a mix of townhomes, studios, live-work, and 1, 2 and 3-bedroom units designed around a community courtyard for residents. The ground floor will also include space for community-serving retail. TAS’s goal is to create homes for a diversity of residents across age, income, family size, and ability. ​ 

TAS envisions the development as a purpose-built rental building with affordable housing. 

Integrated geothermal heating and cooling, along with concrete made with lower carbon emissions will ensure this development has as little possible impact on the planet. The building will also include design features that enhance well-being and livability, such as units with more light and ventilation. ​ 

“880 Eastern is positioned to be an industry leading project in ESG and impact. We’ve leveraged a desirable rental building in a core Toronto neighbourhood and unlocked the potential to build a net-zero carbon building that also includes affordable housing. This project is a leading example of our long-term vision for all TAS developments to successfully deliver on profit and purpose” says Georgia Brook, Director of Development. 

TAS Impact Report 

The announcement comes two days after TAS released its second annual Impact Report The report outlines how TAS leverages assets to deliver environmental and societal benefits, both today and over the long-term, while providing market returns to its investors. It also reveals insights from among the 1,000+ impact indicators the company is measuring as part of its Impact Measurement System, one of the most comprehensive and rigorous in the industry.

For more information about 880 Eastern Ave, for renderings or to coordinate an interview, please contact:

Andrea Chrysanthou
VP, Brand and Communications, TAS
Andrea.Chrysanthou@tasimpact.ca
416-797-8194

TAS is an unconventional impact company that uses real estate as a tool to drive profit and purpose. As an industry leader in impact real estate, Certified B Corporation, signatory to PRI and member of the Global Impact Investing Network (GIIN), TAS pursues opportunities that create value for investors and generate measurable social and environmental impact. TAS has an active pipeline and portfolio totaling over 7 million square feet across 22 properties throughout the Greater Toronto and Hamilton Area.

TAS continues to drive profit and purpose with milestone advances in affordable housing, community engagement and climate change solutions.

June 13, 2023, TORONTO, ONTARIO – TAS, an industry leader in impact real estate, today released its second annual Impact Report. The report outlines how TAS leverages assets to deliver environmental and societal benefits, both today and over the long-term, while providing market returns to its investors. It also reveals insights from among the 1,000+ impact indicators the company is measuring as part of its Impact Measurement System, one of the most comprehensive and rigorous in the industry.

The 2022 Impact Report focuses on the key actions TAS carried out in 2022. It is the second annual follow-up to the company’s 2021 Impact Management Framework, which serves as its statement of purpose and sets out strategies and long-term objectives for its real estate investment, development and asset management businesses.

The world-renowned Sorenson Impact Center, which helps organizations measure, report, and improve impact, collaborated with TAS to develop the Impact Measurement System and peer-reviewed the report. “This comprehensive approach is forward-thinking in how it captures impact across the broad spectrum of issues the sector touches. We are particularly excited about the potential of these data to improve outcomes on the ground and to shift capital to verifiable impact investments,” says Alan Lo, Manager of Impact Finance, Sorenson Impact Center.

TAS’s leadership in impact is widely recognized by the broader real estate industry. In May 2023, the Building Industry and Land Development Association (BILD) awarded TAS the Stephen Dupuis Corporate Social Responsibility Award, which recognizes a company’s efforts to uphold a positive economic, social, and environmental impact on society.

“At TAS, we believe real estate is an important platform for generating meaningful impact. To deliver the best outcomes, it is imperative that we rigorously measure our impact so we can better understand where we can drive greater purpose” says Mazyar Mortazavi, TAS President and CEO. “This report demonstrates our steadfast commitment to impact and highlights how innovation is deeply anchored in all our work.” 

TAS divides its impact work into four commitments and the report includes highlights from each:

1. It Starts With Us

TAS seeks to optimize positive impacts and eliminate negative impacts created through its day-to-day business and operating decisions. In 2022, TAS:

• led the industry in diversity with 53% female and 57% BIPOC team members, and
• continued building the most comprehensive and rigorous Impact Measurement System in the industry, including:
  • designing a data system that aligns with the guidance of the most reputable international bodies, and
  • developing and committing to measuring nearly 1,000 impact indicators.

2. Tackling Climate Change

Building more while polluting less is among the greatest challenges of our generation. TAS recognizes that to be part of the solution, it needs to make radical changes in how it develops and operates projects. In 2022, TAS:

• developed a Whole-Life Net-Zero strategy, which it is piloting at 880 Eastern Avenue, and
• diverted 93% of waste (32,000 tonnes or the equivalent of more than 5,300 orca whales) from landfill at its 2 Tecumseth Street project.

3. Broadening Affordability & Equity

People and businesses across Canada are being priced out of their own neighbourhoods. As part of its commitment to Broadening Affordability and Equity, TAS:

• finished construction of The Campbell in Toronto, providing 236 new rental units, including 10 affordable homes for women-led households fleeing domestic violence,
• reached 8.8% affordable gross floor area (GFA), with an aim of at least 10% in all new buildings, and
• acquired two new sites, underwriting 10% affordable GFA in each.

4. Building Social Capital

TAS defines social capital as the value created when people experience safety, trust and inclusion in their community, and can build connections with others. In 2022, TAS:

• delivered engagement or placemaking initiatives at 100% of our projects in the entitlements phase.

The full report can be seen here.

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For more information or to request an interview, please contact:
Andrea Chrysanthou
TAS
Andrea.chrysanthou@tasimpact.ca
416-797-8194

TAS is an unconventional impact company that uses real estate as a tool to drive profit and purpose. An industry leader in impact real estate, TAS has an active pipeline and portfolio totalling over 7 million square feet across 22 properties throughout the Greater Toronto and Hamilton Area with an ongoing national strategy that is expanding across key Canadian cities.

TORONTO, May 18, 2023 – TAS, an industry leader in impact real estate, announced the appointment of Hugh Clark as Chief Development Officer effective May 23^rd. He brings a breadth of experience as both an architect and a respected leader in the Canadian development industry. 

TAS has an active pipeline and portfolio totaling over 7 million square feet across 22 properties throughout the Greater Toronto and Hamilton Area.

Prior to joining TAS, Hugh was the Executive Vice President of Development at Allied Properties REIT a leading operator of distinctive urban workspace in Canada. While at Allied, he oversaw the construction of several notable buildings across Toronto.

“We are thrilled to have Hugh join us as we continue to build TAS as Canada’s foremost developer of real estate that drives change and creates social and environmental impact. Hugh’s depth of experience in successfully delivering some of Canada’s most complex and unique projects, coupled with his deep values alignment, sets the foundation for a great partnership,” says Mazyar Mortazavi, President and CEO of TAS.

Previous to his role at Allied, Hugh spent many years working for an award-winning architectural firm in Toronto and has worked as a licensed architect in both Ontario and Massachusetts. He is a graduate of the University of Toronto and Harvard University.

“I am excited to be joining TAS and an incredible team that is passionate about developing resilient and sustainable projects that are good for the residents, the local communities and for our planet,” says Hugh. “That’s a mission I am proud to be a part of.”

The announcement comes days after TAS won the prestigious Stephen Dupuis Corporate Social Responsibility (CSR) Award at the 2023 Building Industry and Land Development Association (BILD) Awards Gala.

TAS has several projects in its immediate pipeline, including:

2 Tecumseth Street, Toronto
880 Eastern Ave, Toronto
888 Dupont Street, Toronto
Connecting Cooksville, Mississauga

For more information:
Andrea Chrysanthou
VP, Brand and Communications
TAS
Andrea.Chrysanthou@tasimpact.ca
416-797-8194

TAS is an unconventional impact company that uses real estate as a tool to drive profit and purpose. As an industry leader in impact real estate, Certified B Corporation, signatory to PRI and member of the Global Impact Investing Network (GIIN), TAS pursues opportunities that create value for investors and generate measurable social and environmental impact. TAS has an active pipeline and portfolio totaling over 7 million square feet across 22 properties throughout the Greater Toronto and Hamilton Area.

TAS Driving Impact-led City Building through Housing Innovation

TORONTO, July 22, 2022 – Toronto’s first entirely live/work purpose-built rental building is coming to the rapidly changing Dupont Corridor, celebrating the heritage of Dupont Street with a commitment to positively impacting the future of the city. Toronto City Council has approved the redevelopment of 888 Dupont Street, putting in motion plans for the site to once again serve as an iconic gathering place for creatives and the community.  

The project includes 155 purpose-built rental apartments zoned for live/work as well as ground-floor adaptable multi-use spaces for gatherings, exhibits and markets in a new environmentally sustainable building. A housing innovation that flexibly integrates designated workspace into living spaces, 888 Dupont Street helps address affordability by eliminating the cost of maintaining multiple spaces for work or operating a business and home. 

“TAS is committed to honouring and expanding the creative energy and vibrant mix of uses historically found along the Dupont Corridor and at 888 Dupont Street, creating the conditions for over a hundred creative professionals, artists and entrepreneurs to live, work and connect under one roof,” said Mazyar Mortazavi, President and CEO of TAS.

Bringing together commercial and residential uses, 888 Dupont Street will include over 2,300 square feet of commercial community space. The project also includes improvements to the local streetscape and urban life, including wider sidewalks and new open spaces along Dupont and Ossington as well as the preservation and relocation of the well-loved chimney stack to a more prominent location along Ossington Avenue. 

“We appreciate the company’s commitment to redeveloping 888 Dupont Street as a location where the creative community can continue to live and work together at this site,” said Oliver Pauk, Director at Akin, a Toronto-based arts organization that provides creative studio space and arts-based programming.

The project builds on local creative energy by adding much-needed live/work spaces in the form of rental apartments with approximately 10% affordable units, translating to 20 affordable live-work units – a direct response to the affordability challenges faced by Torontonians and feedback received from the local community during extensive focus group meetings and community consultations in 2019 and 2020. Key findings from this process are summarized in a User Perspective Map.    

“WoodGreen Community Services is pleased to partner with TAS to provide affordable units,” said Mwarigha, Vice President Housing and Homelessness Services at WoodGreen Community Services. “We look forward to continuing our collaboration with TAS to find new ways to tackle our city’s affordable housing challenges.”

The new environmentally sustainable building will deliver 166,850 square feet over 14 storeys and will aim to achieve Toronto Green Standards v3 Tier 2 and will encourage active transportation through robust infrastructure for cyclists and car-sharing. 

More information about the redevelopment plan for 888 Dupont Street is available online. 

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ABOUT TAS

TAS is an unconventional impact company that uses real estate as a tool to drive profit and purpose. An industry leader in impact real estate, TAS has an active pipeline and portfolio totaling over six million square feet across 21 properties throughout the Greater Toronto and Hamilton Area. Join us by visiting tasimpact.ca and follow our journey on LinkedIn, Instagram, and Twitter.

Media contact:

Camara Miller, camara.miller@tasimpact.ca

ABOUT AKIN

Akin Projects is a registered nonprofit that provides artists and creatives with the support they need for creative production and development of their careers to benefit and enhance the communities where they work and live.

Our studios across Toronto provide a working environment that maintains a friendly and inspiring atmosphere where people can work on creative endeavors and entrepreneurial undertakings of all kinds. We build community through a variety of programming including workshops, open studio events, gallery tours, exhibitions, as well as various other art projects.

Media contact

Yasmeen Nematt Alla, yasmeen@akincollective.com

ABOUT WOODGREEN COMMUNITY SERVICES

WoodGreen is one of Toronto’s largest social service agencies, serving 40,000 people each year. We offer over 75 programs and services tackling the social determinants that affect the health and well-being of individuals in our community. With just over 1,000 affordable housing units, WoodGreen is also one of the largest community sector providers for the hard to house population in Toronto. 

Media contact

Eric Mariglia, emariglia@woodgreen.org, 437-236-3417

Building on TAS’s Impact Framework for driving profit and purpose

TORONTO, June 14, 2022 – Today, TAS is proud to release its inaugural Annual Impact Report, which shares how TAS and its partners are generating beneficial social and environmental impact through investing in real estate. TAS launched its Impact Framework in June 2021 as a statement of purpose that set out its strategy and long-term objectives for its real estate investment and development business. This inaugural Impact Report chronicles key actions taken over the past year to operationalize the Impact Framework, shares examples of impact in action, and provides samples of the indicators that TAS will use to rigorously measure progress in the coming years.   

“On behalf of TeamTAS, I’m pleased to share our first Annual Impact Report, describing how we put people and the planet at the centre of all aspects of our work, using real estate as a tool to drive both profit and purpose,” said Mazyar Mortazavi, President & Chief Executive Officer at TAS.  “We’re excited to report on the tangible steps we and our partners have taken over the past year towards achieving our bold impact commitments, as well as how we are charting our path forward.”

“TAS is a welcome returning partner as we update and expand the Toronto Foundation Social Capital Study for 2022,” said Mohamed Huque, Director Community Impact at Toronto Foundation. “Their involvement in the study paired with their commitment to build social capital offers a concrete avenue to apply the study’s learnings to on-the-ground projects that can deliver significant benefits for local communities.” 

“Given our shared commitment to helping address Toronto’s mounting housing crisis, WoodGreen will continue to work with TAS on deepening our multi-project partnership and finding new ways to tackle housing affordability together,” said Mwarigha, Vice President Housing and Homelessness Services at WoodGreen Community Services. “Congratulations to TAS on the release of their first annual Impact Report.”

The Annual Impact Report provides a window into TAS’s work, and how it has continued to embed impact across the business and throughout its real estate portfolio. It highlights how TAS has implemented key structures, process, and tools at every stage of a project life cycle, from acquisition to project delivery and operations.

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ABOUT TAS

TAS is an unconventional impact company that uses real estate as a tool to drive profit and purpose. An industry leader in impact real estate, TAS has an active pipeline and portfolio totaling over six million square feet across 21 properties throughout the Greater Toronto and Hamilton Area. Join us by visiting tasimpact.ca and follow our journey on LinkedIn, Instagram, and Twitter.

Media contact:

Camara Miller, Manager, Brand & Communications, TAS, camara.miller@tasimpact.ca

HAMILTON, ON (June 10, 2022) – Aeon Studio Group, Forge & Foster and TAS have teamed up to explore the opportunity to develop the Bayfront Studio District, a mixed use film and creative arts district, in Hamilton’s West Harbour, on the Barton Tiffany lands, currently owned by the City of Hamilton.    

The parcels of land under consideration, subject to due diligence and negotiation with the City of Hamilton, total approximately 14 acres in Hamilton Centre, bounded by Queen Street North, Barton Street West, Tiffany Street and Stuart Street and the CN Rail lands to the north.  

The Bayfront Studio District is a live-work-play hub for the creative industries. Anchored by film and television production studios, the district also features affordable studio and performance space for artists and makers; office space for creative sector companies, unions, and post-secondary institutions; retail & hospitality space; market and affordable housing; and a series of public spaces and pedestrian connections that form a continuous public realm experience in the area. 

TAS would serve as the lead developer, with Aeon leading the planning and operation of the creative sector campus.  

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ABOUT AEON STUDIO GROUP  

Aeon is a developer and operator of film & television studios and related spaces. Aeon conceived the Bayfront Studio District, and its flagship Bayfront Studios is the biggest film production facility in Hamilton. For more information, email info@aeonstudiogroup.com or visit www.aeonstudiogroup.com. For press inquiries contact Adrienne Kakoulis at 416-450-6637.  

ABOUT FORGE & FOSTER INVESTMENT GROUP 

Forge & Foster is an investment and asset management firm committed to delivering impactful, long-term value for stakeholders and communities alike. Through the inventive development, restoration and transformation of properties, districts, and corresponding communities across Southern Ontario their success is defined not just by the solid returns they forge, but also by the vibrant futures they foster. 

 As investment and asset management leaders in Southern Ontario, Forge & Foster maintains an intensely research-driven focus on property-asset investment, development, relationship and business support initiatives, capitalizing on emerging markets and models, and forecasting future trends and opportunities.  Their current portfolio of initiatives includes leading developments in Hamilton’s emerging Innovation District, cultural live-work spaces in the urban centres of each Hamilton, Brantford, Cambridge, significant industry and living-space developments in Hamilton’s “Hollywood North” corridor, and the development of tiny-cottage and glamping resort parks across Ontario through their joint venture partnership in Harmony Resorts. 

Visit ForgeAndFoster.ca to learn more, or follow our work on Facebook, LinkedIn, Twitter, & Instagram. 

ABOUT TAS  

TAS is an unconventional impact company that uses real estate as a tool to drive profit and purpose. As an industry leader in impact real estate, Certified B Corporation, signatory to PRI and member of the Global Impact Investing Network (GIIN), TAS pursues opportunities that create value for investors and generate measurable social and environmental impact. TAS has an active pipeline and portfolio totaling close to 6.5 million square feet across 21 properties throughout the Greater Toronto and Hamilton Area. 

TAS focuses on tackling climate change, broadening affordability and equity, and building social capital to create neighbourhoods – and ultimately cities – where people can thrive and belong. TAS champions conversation and collaboration to push the boundaries of innovation and explore what is possible. Join us by visiting tasimpact.ca and follow our journey on LinkedIn, Instagram, and Twitter. 

For media inquiries please contact Faye Roberts at 647-924-4454 or faye.roberts@tasimpact.ca.  

Together, the partners will transform one of the last major redevelopment opportunities in Toronto’s downtown core.

TORONTO, November 25, 2021 – Today, TAS Tecumseth Niagara LP (“TAS”) announced that it has sold a 75% interest in its 2 Tecumseth Street project to Woodbourne Capital (“Woodbourne”). TAS and Woodbourne will co-manage the redevelopment of this zoned five-acre site into a globally leading mixed-use campus that will leverage the power of real estate to drive positive impact. The project is development-ready and a Site Plan Approval application was submitted earlier this month.

2 Tecumseth is centrally located in the South Niagara Neighbourhood, in the heart of Toronto’s arts and entertainment corridor. The site is well serviced by higher-order transit, including a future Metrolinx Ontario Line station under a five-minute walk away at King Street and Bathurst Street. Ample new pedestrian and cycling infrastructure will connect the campus to King and Queen Streets West to the North, the Financial District to the East, Fort York and The Bentway to the South, and Liberty Village to the West.

“We are thrilled to partner with Woodbourne, an established leader in the Canadian multi-family residential space, to transform of one of the last major revitalization opportunities in the downtown core,” said Mazyar Mortazavi, President & Chief Executive Officer, TAS. “2 Tecumseth will be an incredible new community that seeks to embrace the complexities that make neighbourhoods great.”

Highlights from the redevelopment plan include:

• A four-building mixed-use master planned campus-style community totaling 825,000 square feet of gross floor area
• The introduction of 920 new homes, including both purpose-built rental and for-sale condominiums
• The integration of a variety of commercial businesses, employment opportunities and community-serving uses
• Over an acre of public realm improvements and new parks, including a four-metre-wide bike path along the site’s southern boundary
• The preservation of key elements of the site’s industrial past
• A planned geothermal district energy system
• Construction is expected to start in 2023

As part of a second development phase, TAS will also deliver a mid-rise commercial office building on the same site.

“This project is a once-in-a-lifetime city-building opportunity” said Neil Vohrah, Chief Operating Officer, TAS. “The site housed a municipal turned commercial abattoir since the early 1910s and has historically been closed-off from the vibrant neighbourhood that’s grown around it. We are excited to open it up to the public, deliver on TAS’s impact strategy and create a new iconic destination where people from many walks of life can live, work, learn and connect.”

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ABOUT TAS
TAS is an unconventional impact company that promotes connected neighbourhoods and, caring, committed communities. As a Certified B Corporation and Future-Fit Pioneer, TAS is an industry leader in impact investing with an active pipeline and portfolio totaling more than six million square feet across 17 properties throughout the Greater Toronto and Hamilton Area. TAS focuses on tackling climate change, expanding affordability and equity, and building social capital to create neighbourhoods – and ultimately cities – where people can thrive and belong. TAS partners with investors to shape and amplify this vision. Join in by visiting tasimpact.ca and following our journey on LinkedIn, Instagram, and Twitter.

ABOUT WOODBOURNE
Woodbourne is a leading investor, operator and developer of apartments, seniors’ housing, student housing, self-storage and other niche real estate assets located predominantly in urban areas across Canada. Woodbourne invests on behalf of a broad base of institutional investors across the globe, including public and private pension funds, endowments, foundations, and funds of funds. Visit our website at woodbourneinvestments.com

More information on the project is available at 2tecumseth.ca

Media contact:

Camara Miller, Manager, Brand & Communications, TAS, camara.miller@tasimpact.ca