{"id":368623,"date":"2024-06-26T04:39:45","date_gmt":"2024-06-26T08:39:45","guid":{"rendered":"https:\/\/canada.constructconnect.com\/?p=368623"},"modified":"2024-06-25T16:50:21","modified_gmt":"2024-06-25T20:50:21","slug":"tridel-celebrates-90-years-puts-focus-on-sustainability-innovation-and-intensification","status":"publish","type":"post","link":"https:\/\/canada.constructconnect.com\/dcn\/news\/economic\/2024\/06\/tridel-celebrates-90-years-puts-focus-on-sustainability-innovation-and-intensification","title":{"rendered":"Tridel celebrates 90 years: Puts focus on sustainability, innovation and intensification"},"content":{"rendered":"

Tridel<\/a> may be one of Canada\u2019s largest homebuilders today but the company started out as a family business and, over its 90-year history, has held onto the core values that it started off with.<\/p>\n

\u201cI know everybody likes the word \u2018developer,\u2019 but we tend to, because of our roots, think of ourselves as a homebuilder,\u201d said Jim Ritchie, president of Tridel. \u201cIt doesn\u2019t really matter whether the home is a single-family house, a townhome or a condominium in a mid- or highrise building, it\u2019s still somebody\u2019s home, so that\u2019s our focus.\u201d<\/p>\n

 <\/p>\n

Humble beginnings<\/span><\/h3>\n

The company was founded by Jack DelZotto in 1934 who immigrated from Italy to Ontario and worked as a stone mason and bricklayer. He built the first home in the Bloor-Dufferin area of Toronto.<\/p>\n

In the 1950s, Tridel transitioned from predominantly single-family home construction to small apartment buildings.<\/p>\n

Eventually Jack\u2019s sons Angelo, Elvio and Leo DelZotto got involved in the business, along with Harvey Fruitman, and the company grew into one of the largest real estate groups with several operating companies focused on diverse areas from development and sales to construction and property management.<\/p>\n

The in the \u201860s, the company expanded into highrise residences.<\/p>\n

\u201cIt was in the late \u201860s that the provincial government created the first Condominium Act that enabled this new form of housing, so there was an opportunity there that not everybody understood,\u201d Ritchie explained. \u201cIt was a different form of ownership. It clearly could be more affordable than a house.\u201d<\/p>\n

Tridel built its first condominium building in Oakville in the late \u201860s.<\/p>\n

\u201cThis really started to put in place the framework for what Tridel would be today,\u201d Ritchie said.<\/p>\n

\u201cAlong that journey there were shopping malls, all kinds of things\u2026but the focus certainly into the \u201880s became more and more on highrise condos and effectively that\u2019s what we do exclusively today.\u201d<\/p>\n

\"Tridel
TRIDEL – Tridel was also involved with Toronto\u2019s The Well (pictured). The homebuilder has delivered over 90,000 homes.<\/figcaption><\/figure>\n

High-profile highrises<\/span><\/h3>\n

Tridel has been involved with some of the most notable communities in the Greater Toronto Area, including The Well, Bayside Toronto, Ten York, 10 Bellair, Alexandra Park, Metrogate, Harbourwalk at Lakeview Village, Hullmark Centre, Polo Club and Governor\u2019s Hill.<\/p>\n

The homebuilder has delivered over 90,000 homes, comprising more than 200 condominium communities.<\/p>\n

\u201cSpecializing in that one particular element, being the highrise home, I think has served us well over the decades,\u201d Ritchie said, adding the company\u2019s DNA was solidified with some of the first condo developments. \u201cToday, if you look at what\u2019s going on in the GTA in terms of intensification and the number of people who move here, this is a built form that\u2019s needed to supply housing as we go forward. It can\u2019t just be traditional single-family houses or other built forms.\u201d<\/p>\n

\"The
TRIDEL – The company was started by Jack DelZotto, who built his first home in 1934.<\/figcaption><\/figure>\n

Addressing the housing crisis<\/span><\/h3>\n

Over the years, Tridel has won a number of awards including Home Builder of the Year by the Building Industry and Land Development Association<\/a> (BILD), High-rise Builder of the Year by Tarion<\/a> and earned BILD\u2019s Green Builder award 15 times.<\/p>\n

Innovation and sustainability have become an important part of Tridel\u2019s mission as the company focuses on reducing carbon emissions and identifying opportunities for optimizing energy efficiency.<\/p>\n

\u201cThe building technologies, the building envelopes, the structure all of this are things that over time we in our industry have refined,\u201d Ritchie said.<\/p>\n

One example is the design of the suites themselves.<\/p>\n

\u201cOver the years, to make them more affordable they got smaller, which means you had to look at design elements differently,\u201d said Ritchie. \u201cThe size of kitchens, there are more open spaces and less rooms to make the home more spacious\u2026The whole issue with energy efficiency and improving the mechanical systems, the electrical systems in the building and just giving a better experience for the homeowner in terms of how some of those elements are controlled. All these things have evolved considerably.\u201d<\/p>\n

Going forward, the company will continue to focus of innovation in design and building practices, but that will not be its only focus. More supply will be needed to deal with the housing crisis.<\/p>\n

\u201cThe bigger picture is that intensification is going to continue to play a big role in housing and the type of built form that we do,\u201d Ritchie pointed out. \u201cWhether it\u2019s a midrise or a highrise, the concept of a condominium home is not new anymore. It can work for single people. It can work for couples without children, but the suites can be designed and are being designed today for families. There are many opportunities.<\/p>\n

\u201cAt scale the only form of housing we\u2019re going to be able to build is going to be different forms of higher density, so I think we\u2019re well positioned to take advantage of that for decades to come.\u201d<\/p>\n

Follow the author on X\/Twitter @DCN_Angela<\/a>.<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Tridel may be one of Canada\u2019s largest homebuilders today but the company started out as a family business and, over its 90-year history, has held onto the core values that it started off with. \u201cI know everybody likes the word \u2018developer,\u2019 but we tend to, because of our roots, think of ourselves as a homebuilder,\u201d […]<\/p>\n","protected":false},"author":20838,"featured_media":368631,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_expiration-date-status":"","_expiration-date":0,"_expiration-date-type":"","_expiration-date-categories":[],"_expiration-date-options":[]},"categories":[7],"tags":[87759,51536,11805,87758,87764,16406,87761,87762,87760,87763,12556,20353,18164],"acf":[],"yoast_head":"\nTridel celebrates 90 years: Puts focus on sustainability, innovation and intensification<\/title>\n<meta name=\"description\" content=\"Tridel may be one of Canada\u2019s largest homebuilders but the company started 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