a developer with a difference spring 2007 jack poole ... 2007... · assistant in our toronto...

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INSIDE ——— President’s Message – 2 ——— In the Spotlight – 2 ——— Vancouver Waterfront Acquisition – 3 ——— Harbourside & the Environment – 3 ——— Exciting New Toronto Partnership – 4 ——— Historic Jazz – 4 ——— Trades Discovery Sponsors – 5 ——— A Long-Term Relationship – 6 ——— Tapestry & Village Gate West – 6 ——— First Office Property in Alberta – 7 ——— News Bites – 7 ——— Habitat for Humanity Challenge – 8 ——— Take Our Kids to Work Day – 8 a developer with a difference SPRING 2007 P R I N T B L U E Concert Wins First Industry Award in Ontario C oncert is pleased to announce it has been honoured with a Federation of Rental-housing Providers of Ontario (FRPO) M.A.C. award for Jazz – the company’s first industry award in Ontario. The award for Rental Development High- Rise recognizes a company that has achieved excellence in the development of a new rental housing project. Jazz was judged on the overall creativity and suite design, curb appeal, and efficient use of space and functionality of the floor plan. “We are delighted that Jazz has been chosen for this rental housing award,” said Brian McCauley, Executive Vice President. “Concert is proud to add 388 suites of purpose-built condo quality assured rental units into the housing stock, while blending the past with the present by retaining the character of this historic Toronto neighbourhood.” Owned in partnership with OMERS, the 28-storey highrise incorporates the preservation and reconstruction of three heritage buildings on Church Street and blends seamlessly into the neighbourhood. Suites feature condominium quality finishes with fabulous city views from private terraces and balconies. The environmentally sustainable design includes “green roofs” on the eighth floor, high-efficiency boilers, occupancy sensors and more. “We are particularly proud that Jazz was selected by ‘Doors Open Toronto’ as an example of successful historical reconstruction and adaptive reuse with many sustainable design features,” added McCauley. “800 people toured Jazz during this record-breaking event.” The FRPO award was announced on November 29, 2006 in Toronto and was open to projects that were completed between October 31, 2004 and October 31, 2006. Michaëlle Jean, Governor General of Canada, presents the Order of Canada to Jack Poole H earty congratulations are extended to Concert Chairman and co-founder Jack Poole upon receiving the Order of Canada on December 15, 2006. Created in 1967, the Order of Canada is Canada’s highest civilian honour and recognizes a lifetime of outstanding achievement, dedication to the community and service to the nation. Jack is also to be congratulated on being one of 14 outstanding achievers named in March as recipients of the 2007 Aboriginal Achievement Awards for his work as CEO of the Vancouver 2010 Bid Corporation. The awards are produced by the National Aboriginal Achievement Foundation. A media release issued by the Foundation said, “It’s little surprise Poole’s been called a cautious optimist, a visionary and a modest overachiever; it’s what helped shape him into becoming one of the most successful real estate developers and community builders in North America.” Jack, who is Metis, is a builder who has made a positive difference in his community, his province and his country – and for his numerous valuable contributions Jack has also garnered the Queen’s Jubilee Medal and the Order of British Columbia. Along with David Podmore, Jack co-founded Concert 17 years ago. In the years since, with his leadership, vision and encouragement, Concert has grown into an award-winning real estate and development company – a unique enterprise owned exclusively by 20 Canadian union and management pension funds representing more than 200,000 Canadians. The Order of Canada was presented to Jack by the Governor General of Canada, Michaëlle Jean, at a formal ceremony at Rideau Hall in Ottawa. Jack Poole Receives Canada’s Highest Civilian Honour Photo: Governor General’s photographer Sgt. Eric Jolin

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Page 1: a developer with a difference SPRING 2007 Jack Poole ... 2007... · Assistant in our Toronto office and to Christina Carrick, who has accepted the position of Receptionist/Sales

I N S I D E———

President’s Message – 2———

In the Spotlight – 2———

Vancouver Waterfront Acquisition – 3———

Harbourside & the Environment – 3———

Exciting New Toronto Partnership – 4———

Historic Jazz – 4———

Trades Discovery Sponsors – 5———

A Long-Term Relationship – 6———

Tapestry & Village Gate West – 6———

First Office Property in Alberta – 7———

News Bites – 7———

Habitat for Humanity Challenge – 8———

Take Our Kids to Work Day – 8

a d e v e l o p e r w i t h a d i f f e r e n c e SPRING 2007

PR I N

T

B

L U E

Concert Wins First Industry Award in Ontario

Concert is pleased to announce it has

been honoured with a Federation of

Rental-housing Providers of Ontario

(FRPO) M.A.C. award for Jazz – the company’s

first industry award in Ontario.

The award for Rental Development High-

Rise recognizes a company that has achieved

excellence in the development of a new rental

housing project. Jazz was judged on the overall

creativity and suite design, curb appeal, and

efficient use of space and functionality of the

floor plan.

“We are delighted that Jazz has been chosen

for this rental housing award,” said Brian

McCauley, Executive Vice President. “Concert is

proud to add 388 suites of purpose-built condo

quality assured rental units into the housing

stock, while blending the past with the present

by retaining the character of this historic

Toronto neighbourhood.”

Owned in partnership with OMERS, the

28-storey highrise incorporates the preservation

and reconstruction of three heritage buildings

on Church Street and blends seamlessly into

the neighbourhood.

Suites feature condominium quality finishes

with fabulous city views from private terraces

and balconies. The environmentally sustainable

design includes “green roofs” on the eighth

floor, high-efficiency boilers, occupancy sensors

and more.

“We are particularly proud that Jazz was

selected by ‘Doors Open Toronto’ as an example

of successful historical reconstruction and

adaptive reuse with many sustainable design

features,” added McCauley. “800 people toured

Jazz during this record-breaking event.”

The FRPO award was announced on November

29, 2006 in Toronto and was open to projects

that were completed between October 31, 2004

and October 31, 2006.Michaëlle Jean, Governor General of Canada, presents the Order of Canada to Jack Poole

Hearty congratulations are extended to

Concert Chairman and co-founder

Jack Poole upon receiving the Order

of Canada on December 15, 2006.

Created in 1967, the Order of Canada

is Canada’s highest civilian honour and

recognizes a lifetime of outstanding

achievement, dedication to the community and

service to the nation.

Jack is also to be congratulated on being one of

14 outstanding achievers named in March as

recipients of the 2007 Aboriginal Achievement

Awards for his work as CEO of the Vancouver

2010 Bid Corporation.

The awards are produced by the National

Aboriginal Achievement Foundation. A media

release issued by the Foundation said, “It’s little

surprise Poole’s been called a cautious optimist,

a visionary and a modest overachiever; it’s

what helped shape him into becoming one of

the most successful real estate developers and

community builders in North America.”

Jack, who is Metis, is a builder who has

made a positive difference in his community,

his province and his country – and for his

numerous valuable contributions Jack has also

garnered the Queen’s Jubilee Medal and the

Order of British Columbia.

Along with David Podmore, Jack co-founded

Concert 17 years ago. In the years since, with

his leadership, vision and encouragement,

Concert has grown into an award-winning real

estate and development company – a unique

enterprise owned exclusively by 20 Canadian

union and management pension funds

representing more than 200,000 Canadians.

The Order of Canada was presented to Jack

by the Governor General of Canada,

Michaëlle Jean, at a formal ceremony at

Rideau Hall in Ottawa.

Jack Poole Receives Canada’s Highest Civilian Honour

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Page 2: a developer with a difference SPRING 2007 Jack Poole ... 2007... · Assistant in our Toronto office and to Christina Carrick, who has accepted the position of Receptionist/Sales

2

A s the new year continues to unfold,

I would like to thank everyone

involved in the many successes

Concert experienced in 2006 – it was an

exciting and eventful year.

Over the course of the year, Concert was

the proud recipient of three more

industry awards:

• A Gold Georgie from the BC Chapter of

the Home Builders’ Association for Best

Interior Design Custom Residence for

StoneCliff Penthouse

• A Gold Award at the 2006 CARE

(Construction Achievements and

Renovations of Excellence) Awards

of Vancouver Island for Best Overall

Marketing Campaign for Astoria

• A Federation of Rental-housing Providers

of Ontario (FRPO) M.A.C. award for Jazz

The O’Keefe hosted the second Greater

Vancouver Lighthouse Awards to honour

five seniors who made a difference in their

communities. Global TV personality Tony

Parsons was the emcee and remarked how

seniors contribute to the well being of our

province long into retirement.

With 154 golfers participating in the

10th Annual Golf Classic Tournament in

September 2006, $45,000 was added to

Concert Properties Bursary Fund for BCIT

students who enroll in eligible trades

and technology programs related to the

construction industry.

In the spring of 2006, BC’s real estate and

development community joined together to

help raise funds to purchase vital equipment

for BC Children’s Hospital through the

Building for Kids program. Concert

employees exceeded their Building for Kids

goal by raising more than $44,000 – the most

contributed to the initiative by any

one company.

Thanks to the combined contributions from

our construction industry partners, of which

Concert contributes 50 per cent, $60,400 was

raised for the Trades Discovery Sponsorship

Program, which introduces young people to

the potential of a rewarding career in

the trades.

The Toronto team gave generously of its

time to participate in Habitat for Humanity

for the fifth year in a row – and the team

continues to expand, keeping step with the

company’s growth.

Despite significant competition in the real

estate investment markets, Concert continued

to be very active in acquiring well-positioned

property to diversify and build its already

extensive portfolio in both western and

eastern Canada.

Construction has begun on Chelsea,

Concert’s third residential development in

Victoria; and construction also commenced

this spring on the major redevelopment of

the YMCA in downtown Vancouver.

In Toronto, Jazz was completed and is 90

per cent occupied and construction has

commenced on Village Gate West Phase I

and II, which will include Concert’s second

seniors building.

Commercial acquisitions in 2006 included a

20-acre development property in Edmonton

along with a 4.14-acre industrial property in

southeast Calgary.

The total purchase price of these acquisitions

was just under $10 million, bringing

Concert’s total income-producing portfolio

to in excess of 5.2 million square feet of

property in British Columbia, Alberta and

Ontario, continuing the company’s strategy

of expanding its income-producing portfolio.

Over the coming few years, I see Concert

developing a much larger presence in Alberta,

both residentially and industrially, as well as

in Ontario.

Looking to the future, Concert plans to

continue focusing on more rental homes,

seniors’ communities, selective residential,

and industrial and commercial properties

over the coming year and will pursue its

mandate to push the limits of affordability

in residential housing, creating innovative,

attractive neighbourhoods where people can

enjoy a community-oriented life.

Concert is here for the long term. Guided by

an investment philosophy that emphasizes

building value over the long run, Concert is

committed to creating quality developments

and building strong working relationships

with its alliances and with each and every

community in which it builds.

David Podmore

President & Chief Executive Officer

In the SpotlightPresident’s Message

Concert is pleased to announce the

promotion of Brian McCauley to

Executive Vice President. In Brian’s

new role he will oversee the company’s national

residential development activities and assume

responsibility for a number of corporate

administrative and strategic responsibilities.

ADMINISTRATIONWarm congratulations to Shareen Rahman

who has taken on the role of Administrative

Assistant in our Toronto office and to Christina

Carrick, who has accepted the position of

Receptionist/Sales Co-ordinator at Chelsea,

Victoria, BC.

ACQUISITIONSCongratulations to Andrew Tong, Concert’s

Vice President, Acquisitions on receiving a

Business in Vancouver Forty Under 40 award.

The recipients, all under 40, are chosen

for their passion for business and pursuit

of excellence in the workplace. Selected by

an independent panel of judges, this year’s

recipients come from a wide array of business

and industry sectors, including deal-making

entrepreneurs, financial experts and tech talent.

This year’s BIV Forty Under 40 winners were

presented with their awards at a gala reception

in February at the Fairmont Hotel

in Vancouver.

FINANCECongratulations to Andrew Chen who has

accepted the position of Senior Corporate

Accountant in the Vancouver Head Office

and to co-op student Corey Sutherland as

Accounts Assistant.

PROPERTY MANAGEMENTCongratulations to Robert Berry who has

accepted the position of Building Manager,

1190 Hornby, Vancouver and to Elena Hall

who is the new Site Manager at Fraser

Pointe, Vancouver.

A warm welcome is also extended to

Sean Steele, who has assumed the role of

Maintenance Person at Collingwood Village,

Vancouver and to Jahlide Daniel, who has

accepted the position of Rental Agent at Jazz

in Toronto.

Page 3: a developer with a difference SPRING 2007 Jack Poole ... 2007... · Assistant in our Toronto office and to Christina Carrick, who has accepted the position of Receptionist/Sales

3

Concert has acquired one of the largest

waterfront redevelopment sites in the

City of Vancouver on the Fraser River.

The 21.2-acre site is the result of two separate

acquisitions – 16.4 acres at Heather Street and

4.8 acres at Ash Street in South Vancouver.

The two properties together are bounded to

the north by Kent Avenue South, the Fraser

River to the south, Laurel Street to the west and

Cambie Street to the east.

The area, commonly referred to as the

Marine Drive/Fraser Industrial Area, is in the

initial stages of a significant transition and

is undergoing substantial change. Opening

the riverfront to the public and alternative

industrial uses is now becoming feasible in this

area of the City.

“Zoned industrial and located 20 minutes from

downtown Vancouver, the properties provide

Concert with a substantial redevelopment

site in a prime location in a rising industrial

market,” said Alan Whitchelo, Senior Vice

President, Industrial & Commercial. “A lack

of supply and a strong desire from tenants

seeking a Vancouver location succinctly

rationalizes the redevelopment of this site

to a higher and better use. Through careful

planning and design these sites will ultimately

provide much needed product to a very tight

industrial market.”

Whitchelo added, “In addition, the new rapid

transit line (The Canada Line) will be in close

proximity to the site with a major station to

be located at the corner of Southwest Marine

Drive and Cambie Street. This station, only

minutes from the properties, will provide

convenient access for tenant employees and

additional exposure to the property.”

Other features of the properties include

proximity to Oak Street, Vancouver

International Airport, more than 900 feet of

waterfront and several barge loading facilities

on the Fraser River.

The acquisition of these two properties

continues Concert’s strategy of building its

commercial development portfolio

and creating positive returns for the

company’s shareholders.

Vancouver Waterfront Development Acquisition

Harbourside & the Environment

Harbourside property in North Vancouver, BC where Concert reclaimed MacKay CreekAerial of 9001 Heather Street, Vancouver, BC

Thanks to Concert’s support, the

relocation of MacKay Creek in

North Vancouver has had a positive

environmental impact in the area.

At the request of neighbouring Seaspan

International, in February 2001 the City of

North Vancouver passed a resolution to realign

and rehabilitate the lower end and mouth of

MacKay Creek.

Since the creek was on the west side of the

Harbourside property, Seaspan also needed

Concert’s support to proceed.

The necessary permits and permissions were

finally in place in February 2006 and the work

was completed in August and September 2006

during the “Fisheries Window.”

As a result, all parties involved are pleased with

the results. Returning Chum salmon have been

observed in the new channel and upstream,

and there has been evidence of beavers in the

side channel.

“Seaspan International Ltd. is to be

complimented on the successful conclusion of

this initiative which places MacKay Creek in a

more appropriate park location,” said Richard

White, Waterfront Project Manager for the City

of North Vancouver. “I expect that Seaspan

International will be on the list of firms and

individuals considered for environmental

awards by the City in the coming year.”

The City is currently looking at ways to

celebrate the successful creek restoration work.

21.2-acre redevelopment site in South Vancouver, BC

Page 4: a developer with a difference SPRING 2007 Jack Poole ... 2007... · Assistant in our Toronto office and to Christina Carrick, who has accepted the position of Receptionist/Sales

4

Tridel and Concert are pleased

to announce their joint venture

partnership for the development

of Huntington – 1900 Bayview. Located in

Lawrence Park, one of Toronto’s most sought-

after neighbourhoods on the west side of

Bayview Avenue, this luxurious community

will be home to a limited number of residences,

offering privacy and tranquility in an intimate

ravine setting.

In 2004, Concert engaged Tridel’s affiliate,

Deltera Inc., as the general contractor for

Concert and OMERS’ Jazz property. Deltera

is also providing general contractor services

for Concert on Village Gate West in Etobicoke.

Now, for the first time, Concert and Tridel will

combine their exceptional talents on Toronto’s

newest luxury condominium development.

“We are delighted to partner with such a

first-class organization,” said Leo DelZotto,

President of Tridel. “Concert is recognized as

one of the leading Canadian developers and

prides itself on providing exceptional customer

service. The company also shares our ideals

and commitment to the local community. As

a result of our complementary philosophies

and principles, we are confident that our

collaboration will result in a spectacular

residential community.”

David Podmore, President and CEO of

Concert noted, “We have a very high regard

for Tridel and this alliance brings together

two of Canada’s top homebuilders in what we

believe is the first collaboration in a long-term

relationship. Tridel and Concert’s combined

talents and expertise will result in the creation

of some of Toronto’s finest communities.”

Tridel is a leading developer and builder of

condominium residences with more than 70

years of homebuilding experience. To date,

Tridel has produced more than 66,500 homes

and continues to offer the industry exemplary

innovation, technology and design.

Concert Enters Into Exciting New Partnership in Toronto

Concert’s history began in 1989 when 29

union and management pension funds

and 26 private investors joined forces

to form one of the largest and most diversified

real estate companies in British Columbia.

Today, Concert is exclusively owned by union

and management pension funds.

Concert’s latest assured rental housing tower

in Toronto, Jazz, also has its roots in labour

history. In the late-nineteenth century the

location at 167 Church was the Athenaeum

Club, designed by the architectural firm of

Denison and King. In 1904, the building

changed hands to become the Labor Temple,

and remained the symbolic home of Toronto’s

labour movement until 1967.

Prior to that time, Canadian workers had been

striving for many years to secure better wages

and working conditions, and in 1832 the first

trade union in Canada was formed by twenty-

four English printers.

The motivation for the journeymen’s union

was due to the master printers’ attempt

to reduce the established rate of wages in

a protectionist effort. According to the

Municipality of Toronto’s report, it was

determined that “ten hours should constitute a

day’s work, for which seven pence per hour or

five shillings and ten pence should be paid.”

In 1872, labour issues escalated when the

Toronto Typographical Society demanded a

54-hour work week and $10 weekly wages with

25 cents per hour overtime pay. The employers

refused and the printers union walked out.

Shortly thereafter, the Toronto Trades Assembly

arranged a union rally at which a crowd of

about 10,000 union members gathered.

The group of union members, including

bricklayers, iron moulders, bakers and

blacksmiths marched to Queen’s Park in

protest of the employer’s actions. While there

was no action taken against the crowd, the

following day 24 trade unionists were arrested

and charged for their actions.

Finally, in a political move to garner the

support of the workers, Sir John A. Macdonald,

prime minister of Canada, introduced

legislation that amended Canadian law to

reflect that of Great Britain and legalized

trade unions.

The Toronto Printers’ Strike is generally

considered the most famous strike by Canadian

workers of the 19th century. While union

members met with substantial resistance from

employers, they were successful in establishing

the 54-hour work week and improved wages.

In addition, the outcome made unionists

more aware of how activism in the political

arena might help them achieve their goals and

inspired individual unions to consolidate their

efforts by trying to form a federation of unions.

The labour movement that began in Toronto’s

Old Town where the Jazz building’s former

identity – The Labor Temple – was a major

factor, achieved many important milestones for

workers rights and equality in Ontario.

By the late 1960s, the Labour Council needed

new quarters and sold the building. Concert

and OMERS acquired the site in December

2003 and in August 2006 completed Jazz – the

16-storey, 388-suite assured rental tower. As

part of the development, the original façade of

the Labor Temple, complete with stone base

and elaborate brickwork, was carefully restored

and now serves as the entry to Jazz.

Circa 1905 – 167 Church Street before renovation

Restored Labor Temple, now the main entrance to Jazz

For more information visit www.JazzByConcert.com

Historic Jazz Rooted in the Toronto Labour Movement

Page 5: a developer with a difference SPRING 2007 Jack Poole ... 2007... · Assistant in our Toronto office and to Christina Carrick, who has accepted the position of Receptionist/Sales

5

A special thanks to our partner companies for their support of the Trades Discovery Program for 2006/07.

Offered by BCIT, Trades Discovery helps young men and women decide if they are suited to trades and which trade to pursue.

Concert and its partners provide each enrolled student with a $200 grant towards program costs.

Those that continue in one of the eligible full-time BCIT trades programs may apply for a

$1,000 Concert Properties & Partners Trades Discovery Entrance Award.

Trades Discovery Sponsors

A R C H I T E C T U R A LW I N D O W S & D O O R S

KEITH PLUMBING & HEATING CO LTD.

Page 6: a developer with a difference SPRING 2007 Jack Poole ... 2007... · Assistant in our Toronto office and to Christina Carrick, who has accepted the position of Receptionist/Sales

6

Since Concert’s inception in 1989, Harris

Rebar has played a key role in the success

of many of the company’s developments

in the Interior, Toronto, Vancouver Island and

the Lower Mainland – and that continues to be

the case thanks to the long-term relationship

that has been established between the

two companies.

“Harris Rebar likes working with Concert

because the company is well-organized and

planning is well done. Most of the engineering

is done prior to tendering a job, which enables

Harris to provide a fair and competitive price

and to stay on schedule,” says Jim Bromley,

Regional Manager, Harris Rebar. “Nothing

helps more than a good plan – the better the

plan the better we do.”

From Concert’s point of view, Harris Rebar

is a great company to partner with since

Jim is always available and provides realistic

budgeting input. Harris Rebar is always fair in

terms of cost and all jobs are very well looked

after. Jim’s participation through the whole

process from start to finish is invaluable.

Harris Rebar is currently working on many

of Concert’s projects, including Tapestry,

Emporio, Chelsea and Village Gate West

Phase II. Recent projects include Alvar,

Belvedere, Circa, Urba, Latitude, Brio and the

third tower for StoneCliff.

Harris Rebar is a division of Harris Steel Group

Inc., which has two other divisions: Laurel Steel

and Fisher & Ludlow.

With 34 branches in North America, Harris

Rebar is engaged in the fabrication and placing

of concrete reinforcing steel, used in the

construction of all types of concrete structures

involving housing, institutional, industrial,

commercial and heavy engineering.

Services provided include:

• Production of epoxy coated reinforcing steel

• Design and installation of concrete post

tensioning systems

• Supply and installation of wire mesh and

concrete accessories

• Auto-cad produced detailed placing drawings

• Experienced placing of supervision and labour

Harris is among the largest reinforcing steel

contractors in North America, with fabrication

facilities located throughout the United States

and Canada.

With union installers all over the country,

Harris Rebar has three facilities in the Lower

Mainland – Richmond, Delta and Abbotsford,

and one in Nanaimo and another in Kelowna.

Jim Bromley is responsible for all these

fabrication plants.

The company has 350 – 400 people in the field,

with 550 employees province-wide.

They have 80 – 90 projects on the go in British

Columbia, including Canada Line, Kicking

Horse Pass, the Kelowna Bridge and the

Richmond Speed Skating Oval.

The biggest challenge for Harris is scheduling –

steel must be purchased for casting, labour

must be allocated to each job and schedules

must be created for all the projects.

In 2006, Harris supplied and installed 90,000

tonnes of rebar in BC.

Like Concert, Harris establishes long-term

relationships with its customers. As stated on

the Harris Steel website, “A deep understanding

of customer needs, together with our technical

expertise, enables us to transform the steel that

we purchase from a basic commodity into a

differentiated, value-added product, backed

by the level of service required to achieve

industry leadership.”

The company has a family history and was

founded by current Chairman and CEO John

Harris’s uncle, Milton E. Harris in Ontario in

1954. John was appointed President and Chief

Operating Officer of Harris Steel Group in

1994, and was named Chairman and CEO in

March 2005 following the death of his uncle.

A publicly-traded company based in Toronto,

Harris Steel Group currently employs more

than 2,000 people across Canada and the

United States, with smaller offices in Sri Lanka

(rebar detailing) and in Neuchatel, Switzerland

(Novosteel).

On January 2, 2007, Harris Steel Group

announced that Nucor Corporation – it’s

partner in the US reinforcing operations –

made an offer to acquire all the issued and

outstanding shares of Harris and the company

has recommended that shareholders accept

the offer.

A Long-term Relationship That Spans the Country

For more information visit www.HarrisRebar.com

Topping Off of Tapestry and Village Gate West Phase I

Concert held “topping off” events for

the construction crew to celebrate the

completion of all structural work on

two of the company’s newest developments.

In Toronto, Phase I of Village Gate West was

topped off in late December. ‘Serrano’ is a

21-storey, 278-unit assured rental building.

The new three-phase, mixed-use residential

community located at 5145 Dundas Street

West in Toronto is being built in partnership

with OMERS and Sun Life Financial.

In Vancouver, a topping off event was also

held for Tapestry at the end of December.

Tapestry will contain 230 condominium

homes at the site of the old Vancouver

Hospital Nurses’ Residence.

Concert continues to uphold its commitment

to building quality homes suited to the needs

of its customers and the community. Designed

and constructed by our highly-skilled team

of professionals and tradespeople to meet the

demands of today’s homeowner, Tapestry and

Village Gate West will continue this tradition.

Harris Rebar installing rebar at Emporio in Richmond, BC

Page 7: a developer with a difference SPRING 2007 Jack Poole ... 2007... · Assistant in our Toronto office and to Christina Carrick, who has accepted the position of Receptionist/Sales

7

SAM AWARDS Concert is pleased

to announce that

its first residential

developments in

Victoria, Astoria and

Belvedere, were nominated as finalists in the

Canadian Home Builders’ Association 2006

National SAM awards in the Best New Homes –

Multi-Family Project category.

HOLIDAY GIVINGOver the December holiday season, Concert’s

Christmas tree decorating team joined in the

holiday spirit at the 20th Annual Festival of

Trees at the Four Seasons Hotel. Along with

the other corporate sponsors, Concert lit up its

festive tree on Wednesday, November 22, 2006.

The theme for Concert’s tree this year was

“Raining Pennies from Heaven.” The tree was

decorated with penny ornaments, colourful

children’s rubber boots, umbrellas and mittens

and a large umbrella to top the tree. Concert

employees also participated in a fall penny

drive and raised more than $500 which was

matched by Concert for a total contribution

of $1,000. The money raised, along with the

boots, mittens and umbrella, was donated to

the YWCA.

The holiday trees were judged in six categories –

Most Creative Tree, Most Traditional Tree, Best

Team Spirit, Most Child-Like Tree,

Best Corporate Expression and Best

First-Year Entry.

This was Concert’s fifth year participating in

the Festival of Trees, which benefits the BC

Children’s Hospital Foundation. To date, this

event has raised more than $1.8 million for BC

Children’s Hospital. The proceeds of the year’s

event went towards the new Mental Health

Building at the Hospital.

HOLIDAY LIGHTS In the spirit of the holiday season, as we saw the

lights appear around our community, Concert

shone its own light in various locations.

In Vancouver, there were two cranes adorned

with lights at Tapestry and in Richmond there

was a bedecked crane at Emporio.

In Toronto, a decorated crane shone brightly at

Village Gate West and Concert also contributed

a series of festively lit trees in conjunction with

the St. Lawrence Market Business Improvement

Association. The decorated trees lit up Berczy

Park across from Concert’s Five Corners

development site.

LIGHTS OF HOPEConcert once again supported the St. Paul’s

Hospital “Lights of Hope” fundraising

campaign and in recognition of our support,

Concert’s logo was displayed on one of their

four-foot stars facing Burrard Street. The

display was lovingly created by volunteers

using donated materials and was seen by 1.5

million people in downtown Vancouver.

The campaign ran for six weeks – from

November 23 into the New Year. The funds

raised through the campaign, along with

government funding, will support equipment

and information technology for the Emergency

Department, a larger Trauma Centre and BC’s

first Rapid Diagnosis and Treatment Unit.

We can all take pride in Concert’s continued

community involvement!

Concert is pleased to announce that it

has acquired a 2.15-acre property in

northeast Calgary.

Despite significant competition in the real

estate investment markets, Concert continues

to be very active in acquiring well-positioned

property to diversify and build its already

extensive portfolio.

The 2.15 acre property is located in the

Horizon Industrial Park in northeast Calgary,

within close proximity to Barlow Trail, a

major north/south arterial, and Calgary

International Airport.

The site is improved with a 51,656 square foot,

two-storey, concrete walk-up suburban office

building built in 1981 and a 120-stall surface

parking lot. This acquisition is Concert’s first

office asset in Alberta.

Other recent Concert acquisitions in Alberta

include a 20-acre development property in

Edmonton and a 4.14-acre industrial property

in southeast Calgary.

This latest acquisition brings Concert’s total

income-producing portfolio to in excess of

5.2 million square feet of property in British

Columbia, Alberta and Ontario, continuing the

company’s strategy of expanding its income-

producing portfolio.

Concert Purchases First Office Property in Alberta

News Bites

2723 - 37th Avenue NE, Calgary, AB

Lights of Hope at St. Paul’s Hospital, Vancouver, BC

Crane at Tapestry in Vancouver lit up for the holiday season

Page 8: a developer with a difference SPRING 2007 Jack Poole ... 2007... · Assistant in our Toronto office and to Christina Carrick, who has accepted the position of Receptionist/Sales

Once again kudos go to the Toronto

Concert Team who rolled up their

sleeves and donned hard hats for the

third year in a row to help build homes for

Habitat for Humanity in October.

Three four-member teams spent a day on the

work site of the Lakeshore Village townhouse

development at Islington Avenue and

Lakeshore Boulevard West in Etobicoke, where

they learned the finer points of dry walling,

doing the cutting, hanging and nailing. Starting

with the bare framing and insulation, the team

dry walled entire rooms and stairwells, while

proudly wearing their Concert sweatshirts and

hard hats.

“From a corporate viewpoint, it is a good and

valuable experience. It helps create a team

atmosphere and encourages camaraderie,”

said Sergio Perut, Project Manager, Eastern

Operations. “From a personal viewpoint, it is

a great opportunity. It gives our team a chance

to help others less fortunate and enables us to

interact with people from outside our

company that are in the same business –

building homes.”

“There were two main take-aways for me

from the experience. Firstly, it was rewarding

to make a meaningful contribution to a

community project,” said Brian Athey, Vice

President, Development, Eastern Operations.

“Secondly, working side-by-side with my

colleagues was a good team-building exercise

and was a great way to get to know each

other better.”

Founded in 1976, Habitat for Humanity helps

eliminate poverty housing through home

ownership. More than 200,000 homes have

been built worldwide in 100 countries.

In 2006, Habitat Toronto celebrated

completion of its 100th and 101st homes and

currently has 23 homes under construction.

9th Floor, 1190 Hornby Street • Vancouver BC Canada V6Z 2K5Telephone 604.688.9460 • Facsimile 604.688.6882www.ConcertProperties.com • Email [email protected]

Habitat for Humanity – Toronto – Adopt a Day Challenge

To mark National Annual Take Our Kids

to Work Day™ on November 1, 2006,

Concert’s Toronto office hosted

two grade nine students for a day in the life

of Concert.

Katrina Paterson and Andrew Athey joined

thousands of grade nine students from across

the country in experiencing a day at work

through a national program that allows

students to job shadow a parent, relative or

volunteer host and to experience first hand

some of the career options available to them.

The students had a busy full-day agenda,

starting with a tour of the Toronto offices,

followed by informative sessions with

Adrian Kozak in Acquisitions, Carol Hrabi

in Marketing, Kelly Wilson and Brian Athey on the development process. The students

were then provided with a tour of the Village

Gate West construction site by Sergio Perut,

followed by a top to bottom tour of the

completed Jazz rental property led by Andrea

Meloche and Property Management staff.

They also had the opportunity to accompany

Brian Athey and Kelly Wilson to Young &

Wright Architects offices, attending a meeting

there as well as touring the architects’ offices. It

was a full and tiring day, but the two students

did get to take a break and were treated to a

lovely lunch.

“Take Our Kids to Work provides a unique

opportunity for workplaces to showcase

their organizations to the future workforce,”

said Brian McCauley, Executive Vice President.

Now in its 12th year, Take Our Kids to Work

is created by The Learning Partnership, a

national not-for-profit organization dedicated

to championing a strong public education

system in Canada.

Take Our Kids to Work Day™

For more information visit www.TakeOurKidsToWork.ca or www.TheLearningPartnership.caAngela Kalendjian, Clint Espinheiro, Katrina Paterson,

Andrea Meloche, Andrew Athey and Shareen Rahman

Concert’s Habitat for Humanity team

Sergio Perut, Project Manager, Katrina Paterson and Andrew Athey at Village Gate West