Built on a Strong Foundation
Since 1989, we've worked to build strong, sustainable communities across Canada-providing reliable returns to fund pension plans and creating quality employment opportunities across our nation. Our aim is to build a people-first future.
See below for some of the important milestones we've achieved to date.
Concert is founded as VLC Properties Ltd. by Jack Poole and David Podmore with the mandate to provide assured rental housing in Vancouver. VLC starts as a "public-private-pension" venture with joint ownership from the Province of British Columbia, and the City of Vancouver, two Canadian banks, 26 individuals and 26 pension funds.
First rental project
The agreement is signed to build Parkside Village, the company’s first assured rental housing property in Vancouver.
With the topping off of Fraser Pointe I, Concert celebrates a construction milestone.
Expansion into the Vancouver condominium market
The company expands into affordable for sale housing, and construction begins with 24 townhomes at Wellington Mews.
100% pension plan owned
The company transitions to become wholly-owned by Canadian union and management pension plans.
28-acre mixed-use community breaks ground
Company breaks ground on Collingwood Village, the company’s first master-plan, transit-oriented development. Located adjacent to the Joyce-Collingwood SkyTrain station, it has been widely recognized as a pioneering example of a successful transit-oriented, mixed-use community.
New name, same founding principles
Company changes name from VLC Properties to Greystone Properties.
First charity golf tournament
The First Annual Golf Tournament is held to raise funds for trades training. These funds supported BCIT Trades Discovery students through scholarships and bursaries.
New master-plan community - Arbutus Walk
Development begins on Concert's second master-plan community, Arbutus Walk. Located on six acres in Vancouver's Kitsilano neighbourhood, Arbutus Walk contains 654 condominium homes and the first Tapestry seniors' community.
Company diversifies into commercial properties with several acquisitions including a 50% stake in a 100-acre industrial park on Mitchell Island and the 64-acre Fullerton Lands in North Vancouver.
Concert - a symphony of development success
Concert reveals its new name and brand.
Entry into Toronto market
Concert opens a Toronto office focused on developing new rental housing. Construction on Prelude, a 26-storey, 306-home rental development in North York. This project marks the company’s entry into the Toronto residential rental market.
Alliance with the Ontario Municipal Employees Retirement System (OMERS)
Concert forms alliance with the Ontario Municipal Employees Retirement System (OMERS) to develop multi-residential income properties.
Trades Discovery Sponsorship Program
Trades Discovery Sponsorship Program established with 14 other companies to address trades skills shortage. Concert's annual corporate charity golf tournament (see above, 1996) directs funds raised to trades training (over $3.5 million raised as of 2020).
Expands Commercial portfolio
Concert completes first commercial property acquisition in Alberta, expands income-producing commercial portfolio in BC. This expansion is in line with Concert's focus on increasing its income-producing commercial portfolio.
Partnership with Sun Life Financial
Company signs co-ownership agreement with Sun Life Financial for three downtown Vancouver office buildings, expanding scope of commercial income-producing properties.
Concert expands into Toronto’s industrial and commercial property market with the acquisition of four properties, totalling 438,000 square feet, located in Vaughan, Brantford, Mississauga and Markham. This strategic move secures Concert's position within the second largest industrial property market in North America.
Expansion into Victoria condominium marketplace
The 164-home Astoria condominium development commences construction, marking the company’s entry into the Victoria condominium market.
Company breaks ground on Village Gate West
Building on Concert's well-earned reputation of bringing to life exceptional master-planned communities, company breaks ground on Village Gate West, Concert’s first master-plan community in Ontario, comprising 980 rental homes and Concert's first Ontario seniors community, Tapestry at Village Gate West
Collingwood Village completed
Concert’s award-winning master-plan community, Collingwood Village, is completed in Vancouver.
Collingwood Neighbourhood House wins 2012 Nesika Award for “contributing to raising awareness of diversity, multiculturalism and anti-racism issues, promoting respect and inclusion and creating a welcoming environment in our community.” Other awards follow.
The first seniors active aging community in Toronto opens its doors
Tapestry at Village Gate West is completed, delivering 168 seniors’ living rental suites. This project’s completion marks Concert’s entry into the Toronto seniors living market.
Company founder Jack Poole passes away
Founding Chair Jack Poole and founding Chief Financial Officer, Lionel Wazny, pass away.
David Podmore appointed Chair & Chief Executive Officer and Brian McCauley appointed President.
Creation of Concert Infrastructure Fund
Concert Infrastructure Fund is created to invest in Canadian private-public partnerships. Company focuses on the development of social infrastructure assets.
Concert’s first condominium development in Toronto
Construction commences on Concert’s first condominium development in Toronto. The Berczy, a 166-suite condominium development in downtown Toronto sells out in just over six months. Concert’s first Toronto condominium development is a tremendous sales success.
Company receives Platinum Georgie Award
The Company is recognized with a Platinum Georgie Award for having received 25 Georgie Awards between 1997 and 2012. The company has received over 100 awards as of 2021.
88 Scott in Toronto breaks ground
88 Scott, the largest single development the company had undertaken to date breaks ground. The landmark 58-storey mixed-use development in Downtown Toronto stands as the company’s tallest building to date.
The Creek master-plan community groundbreaking
A groundbreaking was held on the first building to be developed at The Creek, Concert's third master-planned community in Vancouver that is currently nearing completion with the development of Tesoro.
Creation of the CREC Commercial Fund LP
The fund provides an opportunity for Canadian pension plans and qualifying institutional investors to participate in a high-quality portfolio consisting of over $1 billion in existing industrial and office assets.
The Kip District master-plan community breaks ground
Phase One of the Kip District master-plan community breaks ground in Etobicoke on a condominium building. The Kip District is a transit-oriented, master-plan, mixed-use community located less than a five minute walk from the Kipling Subway, and Concert' second master-plan community in Ontario. Phase Two broke ground in 2019 and includes a condominium and rental building. The latter is the first project approved by the City of Toronto's Open Door Affordable Housing program. Kip Three is expected to break ground in 2022.
Brian McCauley named David Podmore's successor
Brian McCauley named President & CEO after 23 years with the company. David Podmore assumes current role of Chair & Co-Founder.
Concert assumes management of Tapestry operations
Achieving self-management in October 2018, self-management had been a long-term objective for Concert. With three communities (two in BC and one in Ontario) and more on the way, Tapestry continues to meet the refined demands of today’s seniors.
Capital Park master-plan community breaks ground in Victoria
Capital Park, Concert's sixth master-plan community and first in Victoria, breaks ground on a six-acre site adjacent to the BC Legislature. The mixed-used co-development with partner Jawl Properties will reshape the face of Victoria, and incorporates 179 rental and condominium homes, 240,000 sq. ft. of LEED Platinum office space, 17,000 sq. ft. of retail space, pedestrian friendly plazas, parkettes, courtyards, water features and original public art.
Concert celebrates 30th anniversary
Burquitlam master-plan community breaks ground
Construction begins on a Concert's seventh master-plan community in the heart of Burquitlam in a unique partnership with the City of Coquitlam and the YMCA. This transit-oriented, mixed-use master-plan community will result in a 60,000 sq. ft. YMCA family recreation facility, a 2.5 acre expansion of Cottonwood park, a new Community Police Station, a new park-and-ride facility, rental housing, condominium homes and seniors housing. Concert has proposed over 1,000 rental homes, Metro Vancouver's largest single infusion of rental homes in one project, as well as 100 affordable suites through partnership with the City of Coquitlam, BC Housing, 43 Housing Society and CMHC.
CREC Commercial Fund LP acquires the one million square foot Amazon Fulfillment Centre in Ottawa with partner Broccolini.
Concert expands into Quebec
CREC Commercial Fund LP acquires a Montreal distribution centre (with L'Oreal Canada the primary tenant), further expanding Concert’s reach across Canada.
Concert opens Tapestry at Victoria Harbour
Concert opens the doors on its first active aging community in Victoria and fourth across the country.