Mike in TO
Senior Member
Bramalea was the most high profile development industry casualty of the real estate crash in the early 90s. It would be roughly equivilant of a company like Daniels or Tridel going bankrupt
Bramalea was established in 1957, they built the Bramalea shopping centre and that whole area between Malton & Brampton. In the 70s they got involved in a number of projects in England as well as Vancouver. They also bought a bunch of office and hotel properties including the Hyatt in Toronto (renamed four seasons). In the 80s they got involved in a number of projects in the U.S. and Trizec bought a portion of company. At their peak in the late 80s Bramelea owned over 40 million sqf of commercial & industrial space including 30 malls. When the real estate market crashed there was a mass sell off of their assets and mass layoffs to try to keep the company afloat, but things didn't work out for them.
The project that eventually became 8 Park Road was one of their projects that did not survive.
Bramalea was established in 1957, they built the Bramalea shopping centre and that whole area between Malton & Brampton. In the 70s they got involved in a number of projects in England as well as Vancouver. They also bought a bunch of office and hotel properties including the Hyatt in Toronto (renamed four seasons). In the 80s they got involved in a number of projects in the U.S. and Trizec bought a portion of company. At their peak in the late 80s Bramelea owned over 40 million sqf of commercial & industrial space including 30 malls. When the real estate market crashed there was a mass sell off of their assets and mass layoffs to try to keep the company afloat, but things didn't work out for them.
The project that eventually became 8 Park Road was one of their projects that did not survive.