The Construction Source

MARCH 2021 Emil and Paul teamed up in order to combine their complimentary skillsets and experience – Emil’s in construction, Paul’s in finance – and to “take advantage of what we saw as an opportunity in the GTA, which was the high demand and scarce supply of real estate.” “That’s exactly what we’re doing now,” Emil says. “We’re bringing together an investor group, both private and institutional. We’re finding Triple-A locations that we believe in. And we’re building out the best product that we can, with the highest quality.” Today, Distrikt’s projects range from condominiums to urban town homes, custom-designed houses, all the way master- planned communities like Trailside in Oakville. Trailside will comprise two 10-storey condominium buildingswith roughly 700 units, plus about 50 town-homes. There will also be over 15,000 square feet of “beautifully designed” indoor and outdoor amenities, including a grand lobby with double height ceilings, a ground floor with retail programming, a luxury residence lounge, and a fitness centre. Early on in the project, Distrikt partnered with Fiera Real Estate, a Canadian real estate investment management company. Together, they sawan opportunity in Oakville, which was then mostly comprised of subdivisions and low-rises. The town was building new transportation infrastructure and had recently launched a new hospital, and was determined to build density in designated areas. Distrikt came up with a masterplan that “was exactly what they wanted to see, exactly where they wanted to see it.” “So we’re working hand-in-hand with the town,” Emil says. “This is the beginning of a 2,000 unit pipeline we have there.” The company broke ground on Trailside in December, 2020, in a celebration attended by