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Oldstonehenge has been active in the GTA since 2009. They specialize in gentrifying neighbourhoods, and they strive to influence these transforming regions by increasing the value of their properties. Their success is attributed to smart planning and their visionary leader Michael Dobrijevic. He was able to distill his vision down to four principles that he calls The 4D Model.
Part of the reason this developer works in gentrifying neighbourhoods is their promise to become thriving communities of the future. In each project they undertake, they are committed to create purpose-driven projects that will transform communities and resonate with the citizens of today and tomorrow.
Toronto is transforming a little more everyday. It was once an industrial hub, but today those swathes of industry brown fields have been replaced with mixed-use developments made up of markets, employments centres, and condos. The GTA is now filled with pockets of neighbourhoods where residents can live, work, and play, and it is partially thanks to this development company.
There would be no Oldstonehenge if it weren’t for their visionary leader Michael Dobrijevic. Michael had an illustrious career before starting his own company. He was a prominent member of Riocan Real Estate Investment Trust’s management team, with whom he worked as the Director of Leasing and Development for six years. In this position, he was able to grow Riocan into one of the country's largest REITs by building its assets from $15 million to over $1 billion during his tenure.
After this impressive run, Michael worked as a Managing Partner and Senior Vice President of Development and Leasing with Bentall Kennedy in their retail division. He was able to create consistent returns of over 22% for his investors in this role.
Bolstered by his impressive string of successes, Michael opened his own company in 2009. Since this time, he’s played an influential role in the Toronto Real Estate industry as a leader in redevelopment and revitalization. In 2014 to 2016, Michael would take on two roles, as he also performed as the Chief Investment Officer for Trinity Development Group.
He has been able to distill his formula for success down to four principles that he calls The 4D Model. The 4 D’s are Discover, Design, Develop, and Deliver. This straightforward path to development seems simple enough, but it is a guide that ensures that this developer will stay on the right track and never lose its way.
The 4D Model outlines how a developer should seek out a strategic site where they see potential to raise the value of the property. From there they need to design projects that are a good fit. Does the design properly integrate with the existing neighbourhood? Does it enhance the dynamic of the region? These are important considerations. Next they need to build properties that will last for generations. This will ensure that they create long term value for their partners, retailers and communities.
One example of this philosophy is their recent Rosedale project. This mixed-use development encompasses 60,000 square feet and is adjacent to the award-winning redevelopment of the clocktower on Summerhill Station.
This company is one of the younger developers in the GTA, but they still benefit from decades of experience thanks to their founder and visionary leader Michael Dobrijevic. He has been able to take his deep understanding of the real estate and investment industries to create projects that transform entire neighbourhoods. Together with his company, Michael will continue to lead the GTA towards a brighter future.
433-435 Parliament Street
This was a redevelopment project in the historic Cabbagetown neighbourhood. They acquired this historical building and decided to celebrate its past by keeping its traditional Victorian facade. The interiors, however, were updated to embody the essence of modern day living. The outdated rental apartment units in his development were upgraded to include new hardwood floors and stainless steel appliances. This redevelopment was completed in 2011.
549 College Street
This is a 4,500 square foot purpose built development for the LCBO. This downtown address was in dire need for additional retail, which is exactly what this project was able to deliver. It is located in an ideal urban location surrounded by condos, cafes, and clubs. It also has excellent transit in the form of streetcar lines that run down College Street. This development was completed in 2010.
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