A Conversation with a (New) Real Estate Developer - Jonathan Diamon from Well Grounded Real Estate (#19)
Jonathan Diamond is a principal at Well Grounded Real Estate, a family-run firm that owns and operates a portfolio of multi-family and retail properties throughout Ontario. He has been instrumental in driving purpose-built rental developments, showcasing a commitment to scalable strategies for building design, development, and execution.Â
- Jonathan’s Background and Career Shift
- Challenges and Insights in Real Estate Development
- Innovative Approaches in Building Design
- Long-term Ownership Perspective
- Energy Efficiency and Passive Design
- Ambitious Project Goals
- Landlord vs Developer: Maintenance Challenges
- Financing Rental vs Condo Buildings
- Long-Term Planning and Government Incentives
- Critical Decisions in Development
- Innovative Technologies in Construction
Harry Diamond founded Well Grounded Real Estate (previously known as Terrace Manor Limited) in the early 1950’s to build and operate apartment buildings in Toronto. Through the years—and 3 generations—the company has maintained its focus on long-term investments while expanding into retail and more recently sustainable development.
Today, Well Grounded Real Estate owns and operates a portfolio of apartment buildings, retail centres, non-real estate investment portfolio, and undertaking multi-family development projects. The company’s most ambitious project is the development of 1925 Victoria Park into a near net zero rental apartment building, a first for the City of Toronto and a major step in building design and production.
For similar episodes list to A Conversation with a Real Estate Developer – Shakeel Walji
