Dorsay Development Corporation
a commercial and residential real estate development and investment company

ABOUT

Dorsay Development Corporation is a real estate development and investment company focused in both residential and commercial real estate. Based in Toronto, Canada, Dorsay has developed numerous high-rise and low-rise residential developments and holds a varied portfolio of commercial investment properties. The success of Dorsay is built on our experience and deep understanding of the dynamics of the real estate market. Combining a broad set of skills and experience from working in diverse sectors such as development, financing and advisory services, our management team can make sound strategic and operational decisions.

Dorsay often collaborates in both development projects and investments with select partners. The company has a solid track record of integrity and astute investments.

VALUES

We believe in long-term sustainability of the projects we design, develop, construct and own. We strive to establish strong and enduring relationships with all our stakeholders. We believe that by doing things right and treating people right, we will continue to prosper.

HISTORY

Dorsay Development Corporation has been investing in real estate in the Greater Toronto Area since the 1980s. Dorsay has developed and owned significant properties in the residential, office and retail sectors. Through strategic partnerships with Tridel, Oxford, Alberta Investment Management Corporation, Bazil Developments and Heathwood Homes, Dorsay has increased in prominence over the past fifteen years.

To date, Dorsay has:

      Sold over 4,500 residential units
      Owns over 1,000 acres of development land
      Acquired a 50% interest in approximately 1.0 million square feet of commercial office space
      100% interest in approximately 265,000 square feet of commercial office space within the GTA
Sold over 4,500 residential units
Owns over 1,000 acres of development land
Acquired a 50% interest in approximately 1.0 million square feet of commercial office space
100% interest in approximately 265,000 square feet of commercial office space within the GTA

COMMUNITIES

Dorsay takes great pride in building communities. Ranging from high-rise condominiums to greenfield low-rise residential subdivisions, the communities we develop and construct are unique and pleasant environments that enhance the lifestyle of residents.

HIGH-RISE COMMUNITIES

CURRENT LAND HOLDINGS

Dorsay Development acquired one-third interest in two parcels of land in Richmond Hill in 2009. These two subdivisions are known as Forestbrook and Woodlands. Forestbrook consists of 82 homes and 54 townhouses with a 4.5 acre park and a 4.6 acre commercial site. Woodlands consist of 131 homes in four distinct clusters separated by open space and valley lands

LOCATION

CITY
Toronto
COUNTRY
Canada

COMMUNITY ATTRIBUTES

TYPE
Low-rise residential
NUMBER OF UNITS
213 homes on single detached lots
54 freehold townhouse units
4.5 acre park
4.6 acre commercial site
CONSTRUCTION
2011

PARTNERS

DEVELOPERS
Dorsay Development Corporation
Heathwood Homes
Bazil Developments Inc.
ACHITECTS
Hunt Design
SUPERVICING CONTRACTORS
TACC Construction
ConDrain
SALES CONSULTANT
PMA Brethour Realty Group
ENGINEERING
Cole Engineering Group Ltd
David Schaeffer Engineering Ltd.
LENDER
Royal Bank
LEGAL
Davies Howe Partners LLP
PLANNING CONSULTANT
Bousfields Inc.

COMMERCIAL

Dorsay is involved in the acquisition and asset management of direct and indirect assets. These properties have covered a range of asset classes including office and retail, mostly in Canada.

COMMERCIAL PROJECTS

LOCATION

STREET
2225, 2235, 2255 Sheppard Avenue East
NEIGHBORHOOD
North York
CITY
Toronto
COUNTRY
Canada

TECHNICAL DATA

NUMBER OF STORIES
Atria I: 4
Atria II & Atria III: 17
PARKING SPACE
Below Grade: 1,912
Above Grade: 204
NET LEASABLE AREA
930,715 square feet
YEAR CONSTRUCTED
1979 - 1991

COMPLEX ATTRIBUTES

TYPE
Campus style multi-tenant office with retail at grade
FLOORPLATE
Atria I: 67,232 sq.ft.
Atria II and III: 19,500 sq.ft.
ACCESS
Street Level
Underground Parking

TENANTS

BUSINESS
Sun Life Canada
Rogers Communication
Direct Energy
Insurance Bureau of Canada
Fitness Institute
Crossey Engineering

RELATIONSHIPS

Dorsay has partnered with leading names in both commercial and residential sectors. In choosing partners, we look for complementary strengths, aligned visions and a degree of integrity beyond reproach that matches ours. With our financial stability, market leadership and experienced management, we bring a wealth of real estate strengths to the table. In short, it's more than a partnership, it’s a meeting of minds for a productive, enriching, long-term relationship. Some of Dorsay's past and present partners include: Tishman Speyer, Oxford Properties Group, Alberta Investment Management Corporation, Tridel, Heathwood Homes and Bazil Developments Inc.

THE TEAM

Dorsay Development Corporation is proud to employ a variety of professionals. The combined expertise of the team is what allows us to prosper, do things right and treat people well.

CONTACT

Dorsay Development Corporation
130 Adelaide St W, Suite 2200
Toronto, ON M5H 3P5 CANADA

416.368.1460
INFO@DORSAY.CA
Media/Press Inquiries: akoc@dorsay.ca

GEOFFREY GRAYHURST

Geoffrey Grayhurst, Chief Executive Officer of the Dorsay Development Corporation since 1998, has over 30 years of industry experience. As Chief Executive Officer he is responsible for setting and implementing the corporate strategy of the company.

Designations: B.Comm in Economics, MBA

Memberships: NAIOP, Urban Land Institute, BILD, Lambda Alpha International, Board member of REALPAC