Genstar Development Company
Encyclopedia
Genstar Development Company (Canada) is a real estate development
company that creates master planned communities throughout Canada
. Genstar has a history dating back over 50 years developing thousands of acres into some of the most recognized communities across Canada. Today, Genstar has active projects in Vancouver, Calgary, Edmonton, Winnipeg and Toronto.
British Columbia, Canada
Alberta, Canada
Manitoba, Canada
Ontario, Canada
. In 1973, BACM Industries was sold to Genstar Corporation and was renamed Genstar Development Company. At that time, the Company operated in Winnipeg, Edmonton, Calgary, and Vancouver. Soon after, operations were added in Toronto and then Ottawa. In the late 1970’s the Company also started operations in the United States.
In 1986, Genstar Corporation was acquired by Imasco Limited. By 1991, Genstar had active development operations in Minnesota, San Diego, Los Angeles, Portland, Tampa, Atlanta and Houston - all under the banner of Genstar Land Company.
In 1999, senior management orchestrated a management buyout and acquired the assets of Genstar in Canada and formed GDC Communities
in the United States. GDC Communities plays two roles, it owns Genstar Development Company (Canada) and directs the development of its Canadian master planned communities, and secondly, it provides the foundation for the US investments and operations.
Real estate development
Real estate development, or Property Development, is a multifaceted business, encompassing activities that range from the renovation and re-lease of existing buildings to the purchase of raw land and the sale of improved land or parcels to others...
company that creates master planned communities throughout Canada
Canada
Canada is a North American country consisting of ten provinces and three territories. Located in the northern part of the continent, it extends from the Atlantic Ocean in the east to the Pacific Ocean in the west, and northward into the Arctic Ocean...
. Genstar has a history dating back over 50 years developing thousands of acres into some of the most recognized communities across Canada. Today, Genstar has active projects in Vancouver, Calgary, Edmonton, Winnipeg and Toronto.
Communities
Genstar currently has 15 communities with lots or properties for sale across four provinces. (Listed from west to east.)British Columbia, Canada
- Vancouver
- Maple Crest, Vancouver
Alberta, Canada
- Calgary
- Panorama Hills, Calgary
- Chaparral Valley, Calgary
- Evergreen, Calgary
- Walden, Calgary
- Evansview, Calgary
- Edmonton
- Lacombe Park Estates, Edmonton
- Lakeland Ridge, Edmonton
- Lakeview, Edmonton
- North Ridge, Edmonton
- Emerald Hills, Edmonton
Manitoba, Canada
- Winnipeg
- Amber Trails, Winnipeg
- Stone Ridge Meadows, Winnipeg
- Kildonan Green, Winnipeg
Ontario, Canada
- Toronto
- Westmount, Toronto
History
The company’s origins date back to 1950 as BACM Industries founded by the Simkin Family in WinnipegWinnipeg
Winnipeg is the capital and largest city of Manitoba, Canada, and is the primary municipality of the Winnipeg Capital Region, with more than half of Manitoba's population. It is located near the longitudinal centre of North America, at the confluence of the Red and Assiniboine Rivers .The name...
. In 1973, BACM Industries was sold to Genstar Corporation and was renamed Genstar Development Company. At that time, the Company operated in Winnipeg, Edmonton, Calgary, and Vancouver. Soon after, operations were added in Toronto and then Ottawa. In the late 1970’s the Company also started operations in the United States.
In 1986, Genstar Corporation was acquired by Imasco Limited. By 1991, Genstar had active development operations in Minnesota, San Diego, Los Angeles, Portland, Tampa, Atlanta and Houston - all under the banner of Genstar Land Company.
In 1999, senior management orchestrated a management buyout and acquired the assets of Genstar in Canada and formed GDC Communities
GDC Communities
GDC Communities is a private real estate investment and land developer based in the United States which originated from Genstar to facilitate US projects....
in the United States. GDC Communities plays two roles, it owns Genstar Development Company (Canada) and directs the development of its Canadian master planned communities, and secondly, it provides the foundation for the US investments and operations.
External links
- Genstar (company website)
- Maple Crest, Vancouver
- Evergreen, Calgary
- Panorama Hills, Calgary
- Chaparral Valley, Calgary
- Walden, Calgary
- Evansview, Calgary
- Lacombe Park Estates, Edmonton
- Lakeland Ridge, Edmonton
- Lakeview, Edmonton
- North Ridge, Edmonton
- Emerald Hills, Edmonton
- Westmount, Toronto
- Amber Trails, Winnipeg
- Stone Ridge Meadows, Winnipeg
- Kildonan Green, Winnipeg