Established in 1986, The Tricar Group has grown steadily to become a fully integrated, residential real estate development firm, spanning the entire real estate spectrum including land acquisition, planning and design, construction, marketing, sales and property management.
With a current staff of 125, along with dedicated trades, the team has several projects under construction, with others in preparation throughout southwestern Ontario.
“We are commencing construction on a rental development in Sarnia, have multiple projects currently underway in London and upcoming developments in both downtown Guelph and on Gordon St. in the south end,” says Adam Carapella, Tricar’s vice-president.
Part of the company’s success is attributed to a focused approach with each development, which Carapella says covers several key elements. “Location is very important and we try to build in areas that provide convenience to amenities, transit and where possible, natural environments too, like parklands and trail systems, offering a convenient, quality lifestyle for our homeowners.”
The majority of Tricar condominium purchasers, he says, are end users, often downsizing. Many remain in the neighbourhoods where they raised their families. “They move to the condo lifestyle where they can enjoy practical space and well-appointed suites with all the conveniences but without all the work and expense of maintaining a large home.”
Carapella says Tricar focuses on its projects’ economic, environmental, cultural and social impacts. The company seeks to complement and improve communities with public art, green roofs and street level retail and commercial spaces.
He says Tricar works closely with the appropriate councils, public groups, neighbouring properties, and residents to resolve project challenges.
The company’s Azure project site at 505 Talbot St. in London, for instance, “posed extremely tight constraints at the corner of a key downtown intersection and required very deep excavation. Directly adjacent is an historic church and to the west, an existing office building.”
To solve these issues, caissons were built around the entire site to maintain adjacent buildings’ structural integrity and control groundwater migrations. A new heritage courtyard will interface between the church and the modern development.
Other current projects include ParkWest in Byron, Azure in the city’s downtown and Phase II of the award-winning VillageNorth in the Sunningdale area, as well as Villas of Avon in Stratford. The company has many other projects in both London and Guelph.
Tricar has been awarded the prestigious Tarion Award of Excellence Ontario High-Rise Builder of the Year three years in a row.
“We have really created a culture where everyone on the Tricar team is committed to ensuring a great homeowner experience,” Carpella said.
The Tricar Group supports many local charities including Big Brothers Big Sisters of London and Area, Ronald McDonald House Southwestern Ontario, Habitat for Humanity, The Children’s Health Foundation and St. Joseph’s Health Care London.
The company also continues to contribute culturally through public art. The Renaissance building at King and Ridout displays a Great Blue Heron; adding unique beauty to the streetscape, he said. Tricar will invest $250,000 to further beautify the area.
To learn more, visit www.tricar.com.
OCR sponsored feature