Dorsay Development Corporation is a
real estate development and investment company focused in both residential and commercial real estate
Dorsay Development Corporation is a real estate development and investment company focused in both residential and commercial real estate. Based in Toronto, Canada, Dorsay has developed numerous high-rise and low-rise residential developments and holds a varied portfolio of commercial investment properties. The success of Dorsay is built on our experience and deep understanding of the dynamics of the real estate market. Combining a broad set of skills and experience from working in diverse sectors such as development, financing and advisory services, our management team can make sound strategic and operational decisions.
Dorsay often collaborates in both development projects and investments with select partners. The company has a solid track record of integrity and astute investments.
At Dorsay, we always look at the bigger picture. We believe in long-term sustainability of the projects we design, develop, construct and own. We strive to establish strong and enduring relationships with all our stakeholders. Creating successful and mutually rewarding relationships with our partners, tenants, homeowners, consultants and employees has been pivotal to our success. We believe that by doing things right and treating people right, we will continue to prosper.
Dorsay Development Corporation is an established firm involved in several real estate investments in the Greater Toronto Area since the 1980s. Dorsay has developed and owned significant properties in the residential, office and retail sectors. Through strategic partnerships with Tridel, Oxford, Alberta Investment Management Corporation, Bazil Developments and Heathwood Homes, Dorsay has increased in prominence in the past fifteen years. In that period Dorsay has sold over 4,500 residential units, acquired a 50% interest in approximately 1.0 million square feet of commercial office space and acquired 100% interest in approximately 265,000 square feet of commercial office space within the GTA and commenced the development of greenfield development properties. Dorsay is currently focused on residential development and office investment sectors.
Dorsay takes great pride in building communities. Ranging from high-rise condominiums to greenfield low-rise residential subdivisions, the communities we develop and construct are unique and pleasant environments that enhance the lifestyle of residents. We put people at the centre of everything we do. Time and again, Dorsay has built well planned, vibrant communities that stand testimony to our drive for excellence.
Dorsay Development acquired one-third interest in two parcels of land in Richmond Hill in 2009. These two subdivisions are known as Forestbrook and Woodlands. Forestbrook consists of 82 homes and 54 townhouses with a 4.5 acre park and a 4.6 acre commercial site. Woodlands consist of 131 homes in four distinct clusters separated by open space and valley lands
Dorsay has partnered with leading names in both commercial and residential sectors. We strongly believe that creating partnerships helps to improve our projects and our financial performance. In choosing partners, we look for complementary strengths, aligned visions and a degree of integrity beyond reproach that matches ours. With our financial stability, market leadership and experienced management, we bring a wealth of real estate strengths to the table. In short, it's more than a partnership, it’s a meeting of minds for a productive, enriching, long-term relationship. Some of Dorsay's past and present partners include: Tishman Speyer, Oxford Properties Group, Alberta Investment Management Corporation, Tridel, Heathwood Homes and Bazil Developments Inc.
Geoffrey Grayhurst has been the President of Dorsay Development Corporation since 1998. Mr. Grayhurst has over 30 years of industry experience. As President he is responsible for setting and implementing the corporate strategy of the company. Mr. Grayhurst holds a B.Comm degree in Economics and an MBA.
He is a member of NAIOP, Urban Land Institute, Urban Development Institute, BILD, Lambda Alpha International, and is a professional land economist.