Diamond Corp, a Toronto real estate development company with a strong commitment to developing high-quality, innovative and award-winning residential and mixed use projects, has established itself as a leader in the development industry in the Greater Toronto Area. Diamond Corp. is a part of the Whitecastle group of companies and acts as the manager of the Whitecastle New Urban Fund 1, 2 3, and 4. Diamond Corp. is committed to progressive city building rooted in a legacy and tradition of quality and innovation. Read more...
Toronto developers hope to build a better townhouse
When developers Daniels and Diamond Corp. began looking at a large development site on Sheppard Avenue East, near Markham Road, in the northeastern reaches of Toronto a few years ago, the two firms could have gone high, as most builders choose to do in this market. The property, culled from the holdings of Build Toronto, a city agency that sells surplus municipal real estate, will someday be served by rapid transit and was zoned for 12 to 18 storeys and as many as 357 condos. A high-rise went up just to the south a few years ago.
But as the developers and their architects pondered the site and its surroundings, they opted to go lower – in this case, a project that will consist of mid-rise tall wood towers and 56 one- to three-bedroom stacked townhouses tucked in four blocks behind the two towers that front on Sheppard.
Les Klein, a principal with Quadrangle , which is designing the project, said the total number of units is comparable (343) and the construction costs are lower. “When you have more than 25 per cent of the units with access to grade, it changes the living experience,” he added. “There’s less of a sense of being removed from other people. That’s an important element of community building.”
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New blueprint for developers: Talk to the neighbours first
On a pleasant morning this week, a real estate developer sat at a park bench in the sunshine, talking with a pair of local residents about a huge residential, office and retail project he and his partners are building nearby.
Stephen Diamond brought out plans for the Well, a 7 1/2-acre “mixed-use community” on the site of the old Globe and Mail headquarters between Front and Wellington streets, just west of Spadina. He pointed to the landscaped walkways, the striking architecture of the soaring office tower and the way some buildings are stepped back from the street so they don’t overshadow the neighbouring properties. Lee Jacobson and Scott James, pillars of the Wellington Place Neighbourhood Association, looked on approvingly.
It is not a scene you see every day in Toronto. Residents groups often quarrel with developers who threaten to put up big, new buildings on their treasured streets. Angry neighbours crowd community meetings to rage at the developers for ruining the place they live. The developers push back. Lawyers line up on each side. Often the fight goes all the way to the Ontario Municipal Board, the provincial referee for development disputes.
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