The Metrontario Group

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History


The late Nathan Silver, after having served in the Canadian army during World War II, became involved in the real estate industry in the late 1940's and founded the first in a group of companies that would eventually be operated under the Metrontario banner. Initially a local house building operation, Metrontario's business evolved into large-scale development of building lots for single-family residential purposes. Other areas of real estate were added over time to the Group's portfolio.

In Canada, Metrontario has been responsible for the development of several thousand acres of land as well as the construction of thousands of residential units, including detached homes, townhouses and high rise condominiums. It has operated both on its own and in joint ventures with some of Canada's most reputable and successful builders. A major project presently in progress is the development of OakPark, a community in Oakville, Ontario, 19 miles (30 kilometres) west of Toronto. This development commenced in 1997 and its master plan is designed along the principles of "new urbanism". Once completed, it is estimated that OakPark will house some 10,000 residents, offer employment opportunities for 10,000 and will feature over 1 million square feet (93,000 square metres) of retail development and 27 acres (11 hectares) of park land. Approval has been obtained for more than 3 million square feet (280,000 square metres) of office development. The cost of OakPark's construction is estimated at C$1Billion over the life of the project.

In addition to OakPark, the Group is currently proceeding with the development of the next phase of a 600 - acre (243 hectares) property in Oshawa, Ontario (some 25 miles[40 kilometres] east of Toronto) known as the Neighbourhoods of Park Ridge.

Metrontario has also been involved in development projects in the United States since 1975. In the Texas Medical Center district in Houston, a 315,000 square foot (29,300 square metres) medical office building, Life Science Plaza is under construction. The Group has a joint venture interest in a large shopping centre in the Atlanta, Georgia area. In Florida, Metrontario is the developer and builder of The Palisades Country Club, a golf course residential community in Clermont west of Orlando, and The Parks at Hunter's Creek, a 560-unit rental apartment project in the master planned Hunter's Creek area of Orlando. Construction has begun on Urbana, a 240-unit residential condominium project in the same Hunter's Creek community.


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