Dream Unlimited

Dream Unlimited Corporation is a Canadian real estate development company that is developing the Waterfront Toronto property on Lake Ontario. It has $15b of real estate assets.

Dream Unlimited Corporation
TypePublic
TSX: DRM
IndustryReal estate development
Founded1994
Headquarters
Toronto
Key people
P. Jane Gavan, President, Asset Management;
Ana Bailão Head of Affordable Housing & Public Affairs
Total assets$15b (2021[1])
Number of employees
551 (2021)
Websitedream.ca

Corporation

Dream Unlimited was founded in 1994.[2] As of December 2022, Dream Unlimited employed 551 staff.[3] In January 2023, Toronto's former deputy mayor Ana Bailão joined Dream Unlimited as the head of affordable housing and public affairs.[4] In January 2022, the company launched the Dream Community Foundation, not-for-profit organization.[5]

Finances

In 2021, Dream Unlimited had $15 billion of assets under management, $9 billion of which are fee earning.[6] It owned 11.2 million square feet of commercial rentable real estate, including 26,018 residential rental units.[6]

By 2021, it has completed construction of $38 billion of commercial real estate and renewable energy infrastructure.[6]

Real estate projects

In 2019, Dream Unlimited proposed three designs to the City of Toronto to develop a downtown Toronto multi-storey property at 49 Ontario Street.[7]

In December 2022, Dream Unlimited was approved by Waterfront Toronto to develop 12 acres of lakeside Toronto that Google subsidiary Sidewalk Labs abandoned plans to develop in 2020.[8] Dream Unlimited will develop the land with Great Gulf Group, both companies will operate as Quayside Impact Limited Partnership.[9][10] The project plans to incorporate 800 affordable residences.[11]

Along with Diamond Corporation, FRAM + Slokker, and the Kilmer Group, Dream Unlimited are developing a 72 acre housing development in Mississauga known as Brightwater community.[12]

References
  1. Dream Unlimited Corp - 2021 Annual Report
  2. "Dream CA - We believe in building better communities". dream.ca. Retrieved 2023-01-11.
  3. Jermyn, Diane (2022-12-09). "Greater Toronto's Top Employers 2023 lead the way in workplace innovation". The Globe and Mail. Retrieved 2023-01-11.
  4. Kassam, Zakiya (2023-01-09). "Ana Bailão Joins Dream Unlimited as Head of Affordable Housing and Public Affairs". STOREYS. Retrieved 2023-01-11.
  5. "Dream Announces the Creation of the Dream Community Foundation". financialpost. Retrieved 2023-01-11.
  6. Dream Unlimited Corp - 2021 Annual Report
  7. Landau, Jack (November 2022). "Massive rental towers and new park to completely transform a Toronto street". www.blogto.com. Retrieved 2023-01-11.
  8. "Deal OK'd to develop Toronto land once slated for Sidewalk Labs". torontosun. 12 Dec 2022. Retrieved 2023-01-11.
  9. Bessai, Matias (16 Dec 2022). "Waterfront Toronto Finalizes Quayside Agreement with Dream Unlimited and Great Gulf | UrbanToronto". urbantoronto.ca. Retrieved 2023-01-11.
  10. McLean, Steve (2 May 2022). "Dream, Great Gulf update Quayside on Toronto waterfront". renx.ca. Retrieved 2023-01-11.
  11. Tsekouras, Phil (2022-02-16). "Two developers picked to build Quayside neighbourhood on Toronto's waterfront". CP24. Retrieved 2023-01-11.
  12. Bessai, Matias (9 Jan 2023). "Catching Up With Brightwater: Initial Phases Rising, Bridge House Up Next | UrbanToronto". urbantoronto.ca. Retrieved 2023-01-11.
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