Plaza Partners

Plaza Partners are a professional team of real estate developers who are committed to becoming prominent builders in the GTA. They were founded in 2016 as a subsidiary under Plazacorp and since then, they have hit the ground running. This team of experts currently have acquired over 14 properties with an aggregate purchase price of $400 million and a total development pipeline of approximately 4 million square-feet.

They take pride in not only being real estate builders but an end-to-end real estate investment, as they develop and manage their own properties. They also boast their ability to be flexible and forward-thinkers to help recognize opportunities that other companies may miss.

Plaza Partners are led by Chief Executive Officer Pinny Kaufman who founded the company after serving as VP of Acquisitions at Plazacorp for over seven years. At Plazacorp, he led the acquisition of important GTA development sites representing over $1.5B of fully developed value. Pinny created Plaza Partners to identify undervalued, income-generating properties with significant redevelopment potential. Since its creation, Pinny’s leadership has helped the company evolve into a full-service, end-to-end real estate development and management platform.

Before Plaza Partners was Plazacorp, a groundbreaking team of experts who made a significant impact in the real estate industry. Plazacorp had been investing in land for several decades with a focus in low-rise and high-rise residential homes.

They were one of the first enterprises in Toronto to introduce halogen lighting fixtures, porcelain tile, granite and marble countertops, undermount sinks, engineered hardwood flooring and chrome steel appliances as standard features in all their suites. Once they established a prolific name for themselves through years of putting out successful and sustainable quality homes— they were able to branch off into other subsidiaries that aim to create equally as effective smart cities and livable communities. Thus, Plaza Partners was born.

New Condo Developments By Plaza Partners

Plaza Partners strives to recognize potential value in overlooked residential and commercial spaces. They vizualize potential opportunities and then bring it to fruition. They also have proven to be reliable asset managers that provide immediate value while moving to achieve their full potential.

Since their inception this team has stuck to their core values to ensure their success. A motto they live and work by is, “We don’t just invest in real estate. We invest in real life.” This is not only a motto, but a promise they have made to continue bringing the utmost dedication and passion to every project they aim to complete.

They have proven to be a developer of distinction with exceptional, know how and innovative ideas, by acquiring a vast chunk of under-developed land, in order to transform them into new thriving communities.

Currently they are working on establishing their presence in the city’s most enticing and emerging neighbourhoods including Forest Hill, The Annex, York Mills, Yorkville and Cabbagetown just to name a few. They are dedicated to their principles, work ethics and loyalty to customer satisfaction, as well as providing a high-degree of standard quality in every condominium they delve into.

Another key player in this agency’s road to success has been Ornella Richichi, the Chief Development officer. She has over 25 years of real estate development experience, as she previously worked for Torgan Group and Smartcentres as a professional planner. Not only did she play a key role in this company’s success but has played an important role for women in the real estate business, often acting as a mentor, having served as Co-Chair of the Women’s leadership initiative. Richichi has maintained the same principles throughout her career, acknowledging the importance of stepping out of your comfort zone to be able to grow and succeed.

This company’s strategy is guided by the belief that for a property to achieve its full potential, it must grow to provide greater value to residents, neighbours and investors. Along the way, their developments can remain as a comfortable and livable experience for all.

Important characteristics to have as a developer is flexibility and transparency, and this team right here, demonstrates both. Through being flexible they have been able to adapt to the realities of the community in which they invest in while never taking a cookie cutter approach; as no neighbourhood is the same. Developers must take well-thought decisions calculated carefully by considering all possibilities. For that reason, transparency is just as important, as builders need to be open with their partners and clients to foster deep relationships with all stakeholders.

Over the years Plaza Partners have taken necessary steps to deliver reliable returns by acquiring and developing undervalued, income-generating assets with the potential for transformation. Further, they have made significant and lasting relationships across the country to partner with investors who share the same goals helping to further advance them in a competitive market. They are a true pioneer in the development industry as they focus on revitalizing prime neighbourhoods with a vision that others often fail to see.