Trisha Shetty (Editor)

Genstar Development Company

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Industry
  
Real Estate

Founded
  
1950

Type of business
  
Private

Website
  
www.genstar.com

Number of employees
  
30

Key people
  
Frank L. Thomas (CEO)James Hammermeister (President)Gina R. Papandrea (CFO)

Products
  
Real estate development

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.

Contents

Communities

Genstar currently has 16 communities with lots or properties for sale across four provinces. (Listed from west to east.)

British Columbia, Canada

Vancouver
  • WynnRidge, Vancouver
  • Alberta, Canada

    Calgary
  • Panorama Hills, Calgary
  • Chaparral Valley, Calgary
  • Evansview, Calgary
  • Evergreen, Calgary
  • Walden, Calgary
  • Red Deer
  • Clearmont, Red Deer
  • 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
  • Ontario, Canada

    Toronto
  • Caledon, Toronto
  • Brooklin, Toronto
  • Waterloo
  • Eastbridge, Waterloo
  • History

    The company's origins date back to 1950 as BACM Industries founded by the Simkin Family in Winnipeg. 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 1970s 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.

    References

    Genstar Development Company Wikipedia