The Tricar Group – Leading with innovation, integration and community service

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Established in 1986, The Tricar Group has grown steadily to become a fully integrated, residential real estate development firm, with activities 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 a long list of dedicated trades, the team has several active projects under construction, with others in preparation to be launched throughout southwestern Ontario.

“We have multiple projects currently underway in London including Riverwalk and Azure in the downtown as well as ParkWest in Byron and VillageNorth II in Sunningside and are commencing construction on a development in Sarnia, and have upcoming developments in both Guelph and Stratford,” says Adam Carapella, Tricar’s vice-president.

Part of the company’s success is attributed to a focused approach with each of their developments, 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.”

There is also a focus on the economic, environmental, cultural and social impacts of a development. Efforts are made to ensure these aspects are addressed to complement or improve the communities in which they build such as public art, green roofs and open space, as well as street level commercial venues to enhance the economic vibrancy and pedestrian connection with new and existing development.

The majority of purchasers of a Tricar condominium are end users, often coming from a large home and downsizing to a more practical space and convenient lifestyle. Many remain in the same neighbourhoods where they raised their families for years but no longer need three to four thousand square feet and four bedrooms. “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.”

He says challenges in construction and development are naturally part of the process and Tricar works closely with the appropriate councils, public groups, neighbouring properties, and residents to come up with a satisfactory resolution that addresses these challenges.

Tricar has been awarded the prestigious Tarion Award of Excellence Ontario High-Rise Builder of the Year three years in a row. Understanding that this recognition is based solely on customer feedback, Carapella cites this as a proud moment for the team.

“It was a great accomplishment to win Tarion Builder of the Year over three consecutive years,” he says. “We have really created a culture where everyone on the Tricar team is committed to ensuring a great homeowner experience.”

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.

With a portfolio that has grown to almost 6,000 quality homes across southwestern Ontario including both high-rise apartment rentals and luxury condominiums, the company is an active member of the London Home Builders’ Association, the Stratford & Area Builders’ Association, and Guelph and District Home Builders’ Association.

To learn more about the Tricar Group, visit www.tricar.com.

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