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ADI Development Group

Adi Developments is reimagining the urban landscape

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Adi Developments is reimagining the urban landscape

When brothers Tariq and Saud Adi started Adi Development Group in 2007, they knew they wanted to approach the development business differently than the rest by bringing world-class architecture to suburban communities that hadn’t seen it before.

“I think what has set us apart from other developers is the fact that we went into the industry knowing we wanted to shake it up, to be changemakers and to have a different approach,” says Tariq Adi, the company’s co-founder and CEO. “We bring a vibrancy to communities you don’t see elsewhere. You know an Adi building when you see one.”

Adi Development Group, most well-known for its numerous residential developments in Halton Region, was just named one of Canada’s 10 fastest growing companies by the Globe and Mail. Today, Adi is behind 12 different projects across the Greater Toronto Area – each at different stages of the development process, representing more than 3,800 residential units. These range from stylish townhomes with modern facades situated in master-planned communities, to elegant highrise buildings with imaginative amenity spaces.

Being disruptors in the real estate industry is central to the way that Adi does business. From the beginning, the brothers have set out to build unique and memorable communities that stand out amongst the rest, with thoughtful details included at attainable price points. By challenging the status quo, Adi has made innovative, design-forward thinking standard in each of its projects. “When you look around at new developments, you see a lot of the same; it’s becoming predictable. When we started Adi, we knew we wanted to deliver something that was the opposite of predictable. Something that was cool, visionary, and interesting – to create the kind of communities that we could envision living in ourselves.”

Adi plans to bring its signature approach to other markets. The company’s first expansion will take shape in 2020, when it launches its inaugural projects in Toronto. The first of these will be 135 Portland Street – a desirable address near shopping, entertainment, and transit. “What we’re doing along Portland is an extraordinary fusion of heritage and a modern vision for Toronto.

The team at Adi has put a lot of work into reimagining this location into a vibrant community that fits seamlessly into the King West neighbourhood,” explains Saud Adi, the co-founder and COO of Adi Developments. “It’s a great introduction to the energy we will bring to our other developments in Toronto.” Following 135 Portland Street, Adi has a second Toronto project in the works, also anticipated to launch in 2020, at 64 Prince Arthur Avenue in the Annex. Together, the brothers make a strong, well-balanced team – with Tariq imagining new ways to transform the urban landscape, and Saud discovering innovative ways to improve the quality and speed of construction on every Adi project.

One thing that unites the pair is their shared vision for the future of real estate and their entrepreneurial spirit, which earned them a spot on Canada’s Top 40 Under 40 in 2019.

Adi has a great selection of suites currently available. Nautique Lakefront Residences offers luxurious condominium suites overlooking the waterfront in downtown Burlington. Pricing starts from the $500,000s for one-bedroom and $700,000s for two-bedrooms. Luxurious and penthouse suites available. Grand opening continues at Stationwest, with a limited collection of Terrace Townhomes, each boasting two storeys of living space, a private rooftop terrace, and a two-car garage. Pricing starts from the mid $600,000s, located steps from the Aldershot GO station. Watch for the new release of Townhomes at Valera, coming in late 2019. Valera is a masterplanned community in Alton Village.

Learn more about Adi Developments and its communities by registering at the website.


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Tariq Adi

In Conversation With… Tariq Adi, President and CEO of Adi Development Group

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In Conversation With… Tariq Adi, President and CEO of Adi Development Group

If you’re in the market for a new home, or pay any level of attention to the new-home building industry in the western end of the Greater Toronto and Hamilton Area, it’s hard not to notice Adi Development Group.

Based in Burlington but with projects extending into Toronto, Adi just feels like a different company. Thoughtful, on-target developments in choice locations, and a sharp focus on customer service, the condominium and townhome builder applies high standards to everything it does.

We spoke with President and CEO Tariq Adi for his insights on the home building landscape, and what lies ahead for the company in 2019.

Condo Life: Adi Development Group seems very customer-focused. How much does this help differentiate your company?

Tariq Adi: One of our top core values is that we’re “customer obsessed” – everything we do begins and ends with our customers. We feel that, in general, the customer service in our industry is not where it should be. We’re taking a radical approach to that and ensuring we treat our customers with five-star service and deliver on our promise. We aren’t perfect, but we wake up every day asking, “How can we better serve our customers?” Buying a new home is never easy, especially if it’s your first time. Our job is to make it as pleasurable an experience as we possibly can.

CL: Adi recently released Valera 2 ahead of schedule. What led to this decision?

 TA: The launch of Valera was a huge success. The project was so well received, we didn’t anticipate how quickly it would sell. The buildings’ superior location and focus on design, coupled with the Adi brand’s customer-centric philosophy, was most likely what did it. We sold out the first building in virtually two days! This prompted us to launch V2 due to the overwhelming demand, so we could release more units. The project is going strong with VIP registrants still able to get a choice unit before the grand opening in early 2019.

Adi Developments Valera 2

Uptown Burlington

CL: Uptown Burlington is really hot right now. What is it about this neighbourhood that makes it so popular?

TA: Uptown Burlington is by far one of the most desirable and hottest neighbourhoods in the GTA. The site is perfectly located right off the 407 ramps, with the 403 and Metrolinx GO station only a 10-minute drive south. The area is bustling with every kind of shopping and service-oriented retail, with schools, lush parks, walking trails and golf courses nearby. The site is in the middle of four major cities off Dundas Street, such as Hamilton, Waterdown, Milton and Oakville, and is perfect for commuters looking for something more convenient and more affordable.

The Niagara escarpment views give you the feeling of being somewhere scenic and secluded, while realistically being in the city with all the conveniences around you. The fact that new supply is virtually zero and the uptown corridor is built out from a lowrise and even infill perspective puts a lot of pressure on pricing. Single-family homes in the area exceed $1.3 million, and townhomes are selling for well into the $800’s. Not to mention the lack of rental accommodations available. The vacancy rate in Burlington has and remains very low at 0.5 per cent. All of these factors make the suites and townhomes at Valera a perfect investment for investors looking to rent their units, as they’ll never have a shortage of tenants.

Adi buildings will always rent at a premium. We pulled MLS listings of rentals in our recently completed LINK Condos + Lofts buildings, and the average rental in the building is inching to more than $3 per square foot, (per month), which is equivalent to downtown Toronto rents and a purchase price of half of what you’d pay in Toronto. From a value and affordability, and investment perspective and as prudent real estate investor, Burlington is probably where I’d choose to invest my money. And that’s where I’d put my money as a buyer looking in the GTA as well.

CL: Adi recently went before the Ontario Municipal Board for a review of your plan at Nautique in downtown Burlington. How have things progressed with this project since then?

TA: I’m happy to share that Nautique has finally been approved and construction will be starting this spring! It will retain its title of being the tallest tower in the city.

Municipalities need to realize that delaying developments leads only to an erosion in affordability and access to new homes for a much-needed sector of the market that can’t otherwise buy. Unfortunately, while they pretend to care, our pleas on building attainable housing and creating new jobs to stimulate the local economy fall on deaf ears. This is a bigger challenge facing our entire industry and local municipal planning departments, and city councillors need find more efficient ways of handling applications and accommodating growth without pandering to the NIMBYs. We’re seeing a YIMBY movement starting – which is always awesome!

Game changer

CL: And what is the status of 64 Prince Arthur – a project you have called a “game changer” –  in Yorkville, Toronto, which also went to the OMB?

 TA: No updates yet, but we continue to work with our team to push our application forward. We feel the city needs to come to the table and ensure the success of these projects. As of now they appear to be overwhelmed with the volume of applications to the board and don’t have a real mechanism or process to deal with it. We still believe it’s a beautiful building that will put Toronto on the map from an architectural and urban design perspective,whether the city knows it yet or not.

 CL: What are some exciting things taking place at some of your other communities?

 TA: We’ve got a lot of great suites available in some of our current and existing communities that are either complete or under construction. There are some great units remaining at Link and Stationwest and, of course, Valera and V2.

There will be a lot of exciting things happening in 2019 with four major construction projects taking shape and new acquisitions in the pipeline.

We’re nearing completion of our Link Condos + Lofts community, with most of the units occupied and condos now registered. Stationwest by the Aldershot GOStation is taking shape, as well with the servicing program complete and buildings going up. We anticipate having some occupancies starting there in 2019. Nautique and Valera will also be starting construction soon, as well as a very small and exclusive townhome community called Aeria on the Burlington lakeshore.

Focus on value

CL: Affordability is a growing concern. How is Adi addressing this issue, to ease buyers’ entry into the market?

TA: Affordability and attainability are key focus areas for Adi in 2019. We’ll continue to deliver projects that offer cutting edge design, both architecturally and from an interior perspective, with a real focus on value and attainability for our buyers. I’m not sure how $1,500 psf is going to be sustainable for everyday folks in downtown Toronto. You’re really alienating an entire population at those prices. Projects such as Valera are perfect examples of that attainability, with one-bedroom units selling in the low $300,000s and townhomes, which will be released in the spring, from the mid $600,000s for more than 1,600 sq. ft. of living space. Assisting first-time buyers with mortgage options and down payment assistance will help us deliver housing to those buyers that are otherwise priced out of the market.

CL: Please finish the following statement: For Adi Development Group, 2018 was a year of:

TA: Customer focus and growth!

CL: And 2019 will be a year of:

TA: Even more customer obsession and growth!

Portfolio

  • Nautique, Lakefront Residences, 374 Martha St., Burlington Now selling
  • Nautique, Penthouse Collection, 374 Martha St., Burlington Now selling
  • Valera Registrations only
  • V2 Registrations only
  • The West at Stationwest, Condominiums at Stationwest, 101 Masonry Crt., Burlington Now selling
  • Stationwest, Smart-Style Townhomes, 101 Masonry Crt. Now selling
  • LINK2 Condos + Lofts, Dundas Street West and Sutton Drive Move-in ready
  • LINK Condos + Towns, Dundas Street West and Sutton Drive, Move-in ready

 

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Valera 2 condo offers buyers another option in Burlington

Local Focus on Oakville and Burlington

 

 

 

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