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In this episode of Commercial Real Estate Podcast, hosts Adam Powadiuk and Aaron Cameron are joined by Vic Gupta, CEO of CreateTO, to discuss how Toronto manages its $27 billion public real estate portfolio. Vic shares insights into transformative projects like the Greyhound Terminal redevelopment and the Port Lands project, focusing on affordable housing and public-private partnerships. Learn how CreateTO balances community impact with development potential, leveraging long-term land leases to shape Toronto’s future.
Here are the key talking points from the episode:
- Origins & Evolution: How CreateTO Was Born
- Inside Toronto’s $27B Real Estate Portfolio
- Strategic Asset Management: Classifying City Properties
- The Land Lease Philosophy: Why CreateTO Doesn’t Sell
- Balancing Affordability with Development Viability
- The Greyhound Terminal Project: A Mixed-Use Success Story
- Port Lands Vision: 400 Acres of Future Development
- Looking Ahead: Complex Sites and Community Hubs
- Key Takeaways: Creating Value Through Public Real Est
Vic Gupta is the CEO of CreateTO, leading the strategic management of Toronto’s real estate assets for public benefit. He collaborates with City partners to address real estate challenges that align with public policy priorities, such as affordable housing, cultural and employment opportunities, climate goals, and economic prosperity. With a background spanning public and private sectors, including being a principal secretary in a former mayor’s office and founder of a consulting business, Vic also served as a two-time provincial parliament candidate. He champions diversity, equity, and inclusion and is Vice-Chair of the Board for Massey Hall and Roy Thompson Hall.
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