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Builder Spotlight: CentreCourt Developments

Nov 21, 2020 ,

CentreCourt Developments are an award-winning residential development enterprise specializing in Toronto pre-construction condos.

Here’s a quick overview of the company.

Who is CentreCourt Developments?

CentreCourt Developments are one of Canada’s fastest-growing real estate companies, ranking #11 on the 2020 Growth List. Their focus is on the development of high-rise residential communities and they’re exceptional at what they do.

They operate across all areas of residential development, including:

  • Land acquisition
  • Sales
  • Zoning
  • Design
  • Construction
  • Customer care

As one of the most active high-rise developers in the greater Toronto area, they’re responsible for 18 high-rise residential projects that represent over 9,000 homes and over $6.6 billion in development value.

CentreCourt 10 years of Building Toronto’s Skyline

CentreCourt has earned its reputation for being one of the most active high-rise developers in the GTA.

CentreCourt is known for its commitment to creating well thought out urban living spaces. Their projects are designed for modern city life, balancing convenience, well-being and lifestyle; close to major lifestyle amenities, local transit, and employment opportunities. Delivering fully integrated residential projects, CentreCourt leads across all areas of development, including land acquisition, zoning, design, sales, construction, and on-going customer care. CentreCourt is driven by its vision to become industry leaders and carefully select their project teams so that each residential development is undertaken with the finest planners, architects, interior designers, and construction trades in the business.

CentreCourt’s Track Record:

  • 10 years building high-rise communities
  • 16 residential projects expertly brought to market
  • Over 7,700 completed condominium suites
  • $6.6 Billion in development value
  • ZERO Days of Interim Occupancy
  • ZERO Cancelled Projects

 

CentreCourt was founded by chief executive officer Andrew Hoffman in 2010 with only 4 dedicated individuals. President Shamez Virani joined in 2011. Today, there are 52 employees making CentreCourt the fastest growing company in all of Canada.

CentreCourt is a fully integrated organization operates across all areas of development, including land acquisition, zoning, design, sales, construction and customer care.

CentreCourt has quickly become one of the most active high-rise condo developers in the Greater Toronto Area (GTA), in 10 short years – with 16 projects in various stages of development collectively representing more than 7,000 homes and $6.6 billion in value. 9 Completed projects totalling over 4,700 homes along with 10 under development.

According to Altus Group report, CentreCourt was the most active developer in the city from September 2019 – 2020 leading the market in total sales over the last 12 months with over 1,200 suites sold.

Choosing development locations near transit and employment centres and getting involved with the right partners on co-developments have been key factors in CentreCourt’s success.

Building condos in the GTA will remain CentreCourt’s focus over the next five to 10 years, as it sees plenty of development opportunities in the region.

In 2020, CentreCourt has released close to 1,800 units into the market.

CenterCourt Developments philosophy

The backbone of CenterCourt Developments is their rock-solid philosophies. They distinguish them from their competitors and ensure the business is on solid footing.

Let’s take a look at a few of them.

Constant improvement

Always learning and improving, CenterCourt Developments isn’t afraid to make mistakes. They are, however, dedicated to not making the same mistake twice.

 

Relationships

CenterCourt Developments knows that forging solid relationships with their business partners and clients is essential when it comes to their success as a business. They believe in transparency, honesty, and integrity and believe it takes a combination of all three to develop strong connections.

Ownership

CenterCourt Developments pushes their employees to act and think like owners. Essentially, they encourage their people to take full responsibility for their personal and organizational actions.

Meritocracy

CenterCourt Developments employs the best talent available based on attitude, skills, and qualifications. There are no cliques within the company and all upward mobility is based on merit.

Focus on details

CenterCourt Developments believe that no detail is too small. Small assumptions or oversights can easily result in significant problems. They encourage detailed notes, checklists, and tracking of files at every step of a project.

Recent New Condo Launches

April 2019: Transit City 4
April 2019: Transit City 5
June 2019: Transit City 3 Podium
October 2019: The Forest Hill
February 2020: 55 Mercer
July 2020: 199 Church
September 2020: Transit City Towns
January 2021: 8 Wellesley
March 2021: PRIME Condos
September 2021: WestLine Condos

 

Transit City Condos at Vaughan Metropolitan Centre

CentreCourt joined SmartCentres Real Estate Investment Trust at Vaughan Metropolitan Centre, located 25 kilometres north of downtown Toronto, to develop the Transit City condos at SmartCentres Place.

Sales for the Transit City towers started in May 2017. At the time it was the most successful launch in GTA history in terms of the number of units sold within the first two weeks. The 1,706 suites in the first three 55-storey towers are sold-out and are expected to be completed in 2021.

With the success of those three condos, sales for TC4 and TC5 began in April. The 45-storey, 530-suite and 50-storey, 570-suite condos are already sold-out and construction has started.

SmartCentres co-owns and manages the 100-acre SmartCentres Place development within the greater 400-acre Vaughan Metropolitan Centre area. It acts as a transit hub and also includes office space, a YMCA, a public library, other civic facilities and a nine-acre park.

At the 40th BILD awards 2020, Transit City 5 won the award for Best Suite Design for a South East corner 2 bedrooms, 2 bathrooms floorplan 699 SF. CentreCourt’s development team spends countless hours to ensure they design the most efficient, functional and practical plans for their future homeowner.

WestLine Condos

An amenity-rich master-planned project with over 1,000 acres of residential, recreational and commercial space, state-of-the-art facilities, natural design elements and modern, luxury finishes. A centrally connected location right by Downsview Park, designed to bring a West Coast lifestyle right to the urban core. WestLine is projected to be Canada’s largest master-planned community with connectivity and ease of access as a key benefit. It location is walking distance to TTC and the GO, and only minutes from Downtown Toronto. Currently in its preconstruction phase, preliminary plans by CentreCourt Development show the first phase residential building

is a 14-storey tower housing with units including studio, one-bedroom, two-bedroom, three-bedroom and two storey layouts. WestLine’s design and selection of amenities promises the opportunity to enjoy a relaxed and pleasant lifestyle. WestLine Residents will find themselves surrounded by West Coast inspired design, lush green surroundings, word class shopping and dining, and the bustling Downtown core a short drive away. WestLine is a promising investment opportunity offering a desirable combination of location, access and lifestyle amenities. At 1,000 acres of master-planned development, WestLine is so much more than the average pre-construction project in the GTA. An exciting mix of residential, recreational and commercial spaces are planned for this development.

The Forest Hill

A 14-storey condo at the southwest corner of Toronto’s Bathurst Street and Eglinton Avenue. It will have a direct connection from the lobby to the Forest Hill station of the Eglinton Crosstown light rapid transit (LRT) line currently under construction.

ONLY one per cent of GTA condos offer that type of direct transit access.

The Forest Hill brings not only densification to the area but also brings affordability to an upscale neighbourhood that has many houses selling for millions of dollars.

Amenities at The Forest Hill will include: co-share social workspace with a coffee bar and private meeting rooms; a fitness space featuring cardio, CrossFit and yoga areas; a 24-hour concierge; and a roof deck with furniture for entertaining.

 

55 Mercer

Now Offering Special Incentives – contact our team for details.

Rising to 47-storeys and steps from Toronto’s vibrant King West with its world-class entertainment and dining experiences.

The 6-storey podium with its concrete facade will create a striking form against its thriving and ever-changing neighbourhood.

The Best of City Living

Immerse yourself in Toronto’s best restaurants, retail, theatre and nightlife. 55 Mercer is the address that’s steps away from just about everything. From the CN Tower, Rogers Centre, and Toronto Convention Centre to TIFF Bell Lightbox, Roy Thomson Hall and many more city landmarks.

199 Church

Now Selling with Special Incentives. Contact our team for details. Live, work, and play all come together at 199 Church, a 5-star location in the heart of Downtown Toronto. Exceptional features and finishes, contemporary interiors, and ultra-chic building amenities complement your life and your style.

199 Church’s unbeatable location means everything important is truly minutes away. Whether it’s Yonge and Dundas Square or Ryerson University, the Discovery District, the hub of Toronto’s booming tech sector or major hospitals, all are a short walk or quick bike ride away.

 

8 Wellesley

Luxurious Living coming soon to the north west corner of Yonge and Wellesley a rare opportunity to invest at the artery of the city – Yonge City.

We are so excited to bring Platinum Access to our clients to this truly unique investment opportunity – own on Yonge St – imagine that?!

5 storeys, 599 suites, double-height luxurious lobby, 6,000 SF 24-hrs gym, Fully Zoned.

 

Contact us NOW to get on our Platinum List for your priority access to DAY-ONE pricing, plans and incentives at all CentreCourt Development projects 

 

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