August 17 – The competition has begun! The official Project Brief has been delivered to twelve teams of Developing Leaders and University Students registered for this year’s Development Challenge.
Key stages in the competition:
||THE ESPLANADE ASSEMBLY
Over the course of seven acquisitions, owner Allied REIT has assembled a contiguous parcel of land of nearly 2 acres. Allied REIT has partnered with NAIOP Greater Toronto to offer 35-49 Front Street East and 54-70 The Esplanade, Toronto as the subject site for the 2020 Development Challenge. The Esplanade Assembly represents an irreplaceable development site of scale and character in the heart of downtown.
All members and industry colleagues … the Development Challenge AWARDS EVENT is going virtual. Mark your calendar for October 22, 5:30 - 7:00pm, and plan to watch three finalist teams go all out as they compete to win this year’s competition.
Thank you lead sponsor, KingSett Capital, and contributing sponsors:
ABOUT THE ANNUAL DEVELOPMENT CHALLENGE
During the summer, professionals 35 years of age or under from all industry disciplines, as well as university students, will form small diverse teams to create comprehensive proposals for a future Downtown Toronto development. Mimicking a real-life experience, the teams will work with the constraints inherent with the designated property. A panel of accomplished CRE practitioners will judge all the proposals and narrow the competition to three finalists.
The final round of judging will happen live on Awards Night, October 22nd! The three finalist teams will present their development concepts before a panel of distinguished industry leaders during the Development Challenge live virtual Awards Night. The judges will score the proposals based on objective criteria provided at the outset of the competition plus the depth and quality of the live presentations.
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NAIOP GREATER TORONTO BELIEVES this annual Development Challenge promotes and encourages its overall mission
established by and for the members. The competition allows rising stars in commercial real estate to demonstrate their talents and skills to senior industry members through written and live oral presentations. By expanding Developing Leaders’ and students' skill sets and networks we help ensure a strong future for our industry.
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