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As 2024 draws to a close, so too does Tridel's celebration of its 90th anniversary. From its beginnings as a small family business in the 1930s to becoming a leader in sustainable residential development, Tridel has built over 90,000 homes across the Greater Toronto Area. This milestone year saw Tridel contribute to the city’s growth and sustainability with 17 communities under development, alongside its efforts as a community builder.
A Year of Growth
Tridel's active communities include The Well, which, with the completion of its Signature and Classic Series condominiums at Front and Spadina, is part of the country’s most ambitious mixed-use community. Not far north of it, MRKT recently topped off on Dundas Street across from Kensington Market, with the developer working alongside Toronto Community Housing Corporation here as part of the 18-acre Alexandra Park revitalization.
In Downtown Toronto, Tridel and Bazis' QueenChurch started construction, on its way to 57 storeys at 60 Queen East, while in Mississauga, Harbourwalk at Lakeview Village broke ground, the first phase of a new masterplanned waterfront community along the Lake Ontario shoreline.
Several other communities moved closer to occupancy, with seven additional sites topping off. These include the two towers of Royal Bayview in Thornhill overlooking the Ladies' Golf Club, while Chateau Auberge on the Park at Leslie and Eglinton stands out for its ravine park-side setting. Five communities sold out, including Aquabella, also part of Hines' and Tridel's Bayside community, and Scala, overlooking Don Valley parklands in North York.
A Year of Innovation
2024 saw Tridel named BILD Green Builder of the Year, in recognition of its environmentally responsible construction practices, while also garnering BILD's Best Customer Care Award. The Well earned the prestigious Best Community Built award.
These accolades speak to the collaborative efforts behind Tridel’s developments, seen in the architectural detailing of complex builds like The Well and Aqualuna. The latter’s LEED Platinum certification and distinctive wave-inspired design merges sustainability with innovative architecture. The Well spotlights Tridel’s leadership in large-scale urban projects, offering cutting-edge infrastructure and popular community spaces like Wellington Market.
This year alone, 716 suites achieved LEED Gold certification, while 174 suites earned LEED Platinum designation, with Aquabella joining Aqualina and Aquavista to earn that distinction, becoming one of only four multi-unit residential buildings in Canada to hold this standard. The company also celebrated Fitwel 2-Star certifications for 286 suites.
Advancements like the Deep Lake Cooling system at The Well reduce energy demands and support a greener urban footprint. The system provides efficient heating and cooling and is now used across 756 suites in the Signature and Classic Series suites, achieving a peak load reduction equivalent to turning off more than 45,000 light bulbs. Meanwhile, Tridel’s use of recycled materials included 9,852 tires repurposed as acoustic isolation material, equivalent to 220,000 pounds of recycled rubber.
This year also marked the debut of Tridel’s next-generation Innovation Suite at The Well, employing energy, air, and lighting technologies. Powered by a DC microgrid, the suite features solar-integrated balcony railings, smart lighting that adapts to natural circadian rhythms, and air filtration systems designed to optimize energy use and improve indoor air quality.
A Year of Community
Tridel aims to build communities just as it does homes. In 2024, over $100,000 in scholarships were provided to under-resourced communities, offering educational opportunities to those in need, while social procurement efforts directed over $52,000 toward local, diverse-owned, social enterprises.
The revitalization of Alexandra Park’s second multi-sport court was another highlight, transforming a community space into a sports and recreation hub. Part of Tridel’s collaboration with Toronto Community Housing, it includes resurfaced courts, new sports tiles, and upgraded equipment, reopened with a celebratory event in September featuring celebrity athletes like Maple Leafs captain John Tavares.
Tridel’s BOLT Charitable Foundation continued to make a difference, raising $635,000 this year to support its mission of connecting youth with careers in construction. Since its inception, BOLT has awarded over 575 scholarships, facilitated 300 apprenticeships, and introduced more than 780 participants to the industry through its Day of Discovery program.
Looking Ahead
In a major announcement to close out the year, Tridel has been selected as the development manager, construction manager, and general contractor for The One, pending court approval in early 2025. It marks another chapter for the Foster + Partners and Core Architects-designed 85-storey tower, set to be Canada's first 'supertall'. The announcement heralds renewed momentum for one of the country’s most anticipated architectural feats.
As Tridel enters its tenth decade, its achievements in 2024 reflect a legacy nearly a century in the making.
UrbanToronto will continue to follow progress on these developments, but in the meantime, you can learn more about them from our Database files, linked below. If you'd like, you can join in on the conversation in the associated Project Forum thread or leave a comment in the space provided on this page.
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