Diamond Kilmer Developments
As the market continues to mature, southern Ontario’s home building industry keeps growing with new developers appearing every year. But while competition breeds excellence, it also created something else: a true and lasting friendship, one that lead to the unlikely collaboration of what should be industry rivals.
Diamond Kilmer Developments is a partnership between Diamondcorp and Kilmer Group, two titans of the regional real estate development industry that are allowing friendship to pave the way to a collaborative effort.
The origin behind this “supergroup” of industry talents extends far into the past where it crosses over a generation from previous era.
The relationship began many years ago when Eph Diamond, O.C. (co-founder of Cadillac Fairview) met Larry Tanenbaum, O.C. (Chairman of Kilmer Group and Maple Leaf Sports and Entertainment). As exception builders and promoters of Toronto interests, the two men found they shared much in common and became friends despite being industry competitors.
The mutual respect these two men had for each other was passed down to their sons, Ken Tanenbaum (Vice-Chairman of Kilmer Group) and Stephen Diamond (CEO of DiamondCorp and Chair of WaterfrontToronto), who decided to take their friendship to the next level by entering into a formal partnership with the creation of Diamond Kilmer Developments.
More than just shared admiration, the two sons also share a vision of making housing more affordable. Committed to addressing the challenges facing today’s urban homebuyers, Steve and Ken are pursuing a development strategy that delivers family-friendly, ground-related, and mid-rise housing in growing, transit-oriented neighbourhoods at competitive prices.
Imbued with the unique ability to transform complex urban sites into vibrant, liveable communities, The developer aims to address this problem, striving in the process to become the first choice for urban home-buyers across the Toronto region.
Connected by friendship and vision, it is only right that their philosophy be called “connected urban living,” representing this partnership’s goal to build communities that are transit-friendly, playful healthy and smart, exemplary, thoughtfully planned, beautifully designed, human in scale, sensibly priced, and conveniently located.
As this company itself has been quoted: “At this Developments, we believe in creating well-priced homes to meet the needs of today’s urban homebuyer.”
First up for this collaboration is a project that is just as big as their friendship. Reunion Crossing is an ambitious master-planned community located in the trendy west-end Stockyards District. Consisting of a condominium tower and 5 clusters of elegant townhomes, this mixed-use complex looks to invigorate this up-and-coming neighbourhood with luxury residential suites and at-grade retail services.
Whatever their challenges, the collective accomplishments of this dynamic duo are impressive by any stretch of the imagination. Together, Diamondcorp and Kilmer Group are responsible for building over 25 completed projects and some 18,000 homes and condominiums that account for some 20 million square feet of construction that stretch out over 230 acres of space.
Separately, the accomplishments of both of these developers remain just as astonishing.
Diamondcorp is responsible for building 210 Simcoe and Minto Southshore, two elegant high-rise condos that are strategically placed near regional transportation hubs to maximize their use for commuters. Guided by the motto “Building on legacy,” this Toronto-based developer is dedicated to the creation of progressive, high-quality and award winning projects that range from residential to mixed-use. As part of the Whitecastle group of companies, Diamond Corp acts as manager of Whitecastle’s New Urban Fund 1, 2 and 3.
Meanwhile, Kilmer Group is responsible for overseeing the construction of the Canary District residences, built on the site of the 2015 Pan American Games. Completed in 2016, the Canary’s District’s tallest condo tower is a 15 storey-high monument to fine design that contains 369 luxury units. Boasting a long history as investors and owners in Canada, Kilmer focuses its investment portfolio on interests targeting Sports & Media, Infrastructure & Real Estate, and Private Equity. With a satellite office in Montreal, the developer offers a multi-generational platform built on a legacy of trusting relationships, growth oriented stewardship and excellent operations.
As the sum of a vast myriad of experience and skills, the sky’s the limit for this pair of friends. Whatever the challenges facing them, these friends will always be able to depend upon each other — just the kind of reliability and trust that homeowners want in their housing developers.
Choose to invest in the condos made by the people who are invested in each other, the ones who have built the strongest home of all: friendship.
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