The Morassutti Group specializes in providing high quality real estate advisory services; owns a portfolio of premier apartment buildings and is a developer of urban intensification projects in Toronto; is the largest owner of Summit Industrial Income REIT; and is an owner of the Abacoa Golf Club in Florida.

Advisory Services

The Morassutti Group’s unique position in real estate advisory services for over 30 years is the synergy of two components: the expertise of our consulting staff and our hands on experience as real estate investors and developers.

Our clients seek our advisory services for various purposes, including:
    •  Assisting in buying and selling investment/development real estate
    •  Arranging joint ventures or co-ownership structures
    •  Feasibility studies and highest and best use analysis
    •  Portfolio review
    •  Obtaining financing

  • UNIT 104  //  Bachelor

  • UNIT 04  //  Junior One Bedroom

  • UNIT 01  //  One Bedroom
  • UNIT 01  //  One Bedroom

  • UNIT 02  //  One Bedroom + Den

  • UNIT 06  //  Two Bedroom

  • UNIT 03  //  Two Bedroom + Den

  • UNIT 402 & 502  //  Four Bedroom + Den
  • UNIT 109  //  Bachelor

  • UNIT 08  //  One Bedroom

  • UNIT 12  //  Two Bedroom
  • UNIT 25  //  Bachelor

  • UNIT 23  //  One Bedroom

  • UNIT 29  //  Two Bedroom

  • UNIT 30  //  Three Bedroom
  • SUITE 302  //  One Bedroom

  • SUITE 306  //  One Bedroom

  • UNIT B1  //  Bachelor

  • UNIT 06  //  One Bedroom

  • UNIT 05  //  Two Bedroom
  • UNIT 15C  //  Bachelor

  • UNIT 4B  //  One Bedroom

  • UNIT 1B  //  Two Bedroom
  • UNIT B4  //  Bachelor

  • UNIT 02  //  One Bedroom

  • UNIT 04  //  Two Bedroom
  • UNIT 02  //  Bachelor

  • UNIT 05  //  One Bedroom

  • UNIT 01  //  Two Bedroom
  • UNIT 09  //  One Bedroom

  • UNIT 07  //  Two Bedroom
  • UNIT 11  //  Bachelor

  • UNIT 08  //  One Bedroom
  • UNIT 03  //  One Bedroom

  • UNIT 08  //  Two Bedroom
  • UNIT 10  //  One Bedroom

  • UNIT 07  //  Two Bedroom

  • UNIT 03  //  Three Bedroom
  • UNIT 01  //  One Bedroom

  • UNIT 02  //  One Bedroom
  • Neighbourhood

  •    Blantyre Gardens

  •    Blantyre Gardens
  • Neighbourhood

  •    The Whitehall

  •    The Whitehall
  • Neighbourhood

  •    The High Park
         Condominiums
  •    Village Gate
  •    Berry Manor

  •    The High Park
         Condominiums
  •    Village Gate
  •    Berry Manor
  • Neighbourhood

  •    Kingsway Manor
  •    Kingsway Place
  •    Kingsway Ravine Gardens

  •    Kingsway Manor
  •    Kingsway Place
  •    Kingsway Ravine Gardens
  • Neighbourhood

  •    Lakeside Gardens
  •    Lakeside Court
  •    Lake Shore Manor
  •    Parkside Place

  •    Lakeside Gardens
  •    Lakeside Court
  •    Lake Shore Manor
  •    Parkside Place
  • Neighbourhood

  •    Westpark Manor

  •    Westpark Manor
  • Neighbourhood

  •    Christal Place

Apartments

The Morassutti Group owns premier apartment buildings in desirable neighbourhoods which have proximate retail and lifestyle amenities together with public transit.








Development

The Morassutti Group is co-founder and partner of North Drive Investments Inc.

North Drive Investments Inc. specializes in contextually responsive urban developments with a special emphasis on architectural excellence.

Current Projects

Picnic – The High Park II
Now under construction, Picnic - The High Park II is an 8-storey building with 68 suites located two blocks from North Drive's very successful condominium The High Park.

For more information please visit  www.picnichighpark.com

The High Park
Now under construction, The High Park is an 11-storey, 103 unit boutique residence located at 1990 Bloor Street West overlooking High Park.

For more information please visit  www.thehighpark.com

4 The Kingsway
Now under construction, 4 The Kingsway is a high-end 8-storey residence located where The Kingsway meets Bloor Street West.

For more information please visit  www.4thekingsway.com

Yorkville Park
Now under construction, North Drive and Minto have joined forces to develop a 25-storey, 200 unit boutique residence at the iconic corner of Bellair Street and Cumberland Street in the heart of Yorkville.

For more information please visit  www.mintoyorkvillepark.com

A partnership between two families, the Fidani’s and the Morassutti’s, North Drive Investments Inc. is proud to have set deep roots within the Canadian real estate industry. From modest beginnings as bricklayers, the families have built, owned, and managed over 75 million square feet of office, industrial, retail and multi-residential properties.

For more information please visit  www.northdrive.ca

Abacoa Golf Club

The Morassutti Group is co-owner of Abacoa Golf Club.

Abacoa Golf Club is one of the finest public golf courses in South Florida. It is a lush 18-hole championship course that was designed by the renowned golf course architect Joe Lee and opened in 1999. The course is surrounded by serene lakes and native vegetation and consists of rolling fairways weaving throughout the undulating landscape. The 20,000 sq. ft. Mediterranean-style clubhouse, with its cascading waterfall and wrap-around covered patio, completes the splendour of Abacoa’s golfing experience.

For more information please visit  www.abacoagolfclub.com

Summit Industrial Income REIT

The Morassutti Group is the largest owner of Summit Industrial Income REIT.

Summit Industrial Income REIT is listed on the Toronto Stock Exchange and is focused on growing and managing a portfolio of light industrial properties across Canada with a concentration in the Greater Toronto Area.

The portfolio consists of over 50 properties with a market value of approximately $600 million.

For more information please visit www.summitiireit.com

News

July / 2017
Construction is progressing well at the Picnic, Yorkville Park and 4 The Kingsway condominium projects. The Morassutti Group's Village Gate Apartments is named as the best apartment building in Bloor West Village in Toronto.

June / 2017
Summit Industrial Income REIT raises $69 million in an equity offering. The Morassutti Group adds to its ownership interest in the REIT.

May / 2017
Summit REIT's unit price reaches another record high.

April / 2017
The Morassutti Group commences renting its condominium units at The High Park. Summit REIT's unit price reaches a record high for the year.

March / 2017
North Drive is nominated for a BILD award for best luxury suite design for the penthouse at 4 The Kingsway.

February / 2017
The High Park condominium project is nearing completion with occupancies starting mid April.

January / 2017
Summit Industrial Income REIT raises $46 million in an equity offering. The Morassutti Group adds to its ownership interest in the REIT.

December / 2016
The Morassutti Group has successfully sold 316 The Kingsway. The Abacoa Golf Club sets a new record for revenue in 2016.

November / 2016
The Morassutti Group has successfully sold 300 and 313 The Kingsway. The Morassutti Group adds to its holdings in Summit REIT.

October / 2016
North Drive's presentation gallery and model suite for 4 The Kingsway has opened. The public launch for newly released units was very successful.

September / 2016
4 The Kingsway commences construction. North Drive now has four condominium projects under construction (The High Park, Yorkville Park, Picnic-The High Park II and 4 The Kingsway). In addition, the presentation gallery and model suite for 4 The Kingsway will open later this month. Also, North Drive and Minto win the Ontario Home Builder's Association award for the best High-Rise Project of the year for Yorkville Park.

August / 2016
The Ontario Home Builder's Association nominates North Drive and Minto for Yorkville Park as best High-Rise Project and best Designed Suite for 2016. Picnic-The High Park II commences construction. The Morassutti Group's retail space at 49 St. Clair Ave. W. has been leased to Raiders E-Sports Centre which will be Toronto's largest eSports bar.

July / 2016
The High Park construction team enjoys a topping off ceremony. Summit REIT's unit price reaches a record high for the year.

June / 2016
The Morassutti Group is bringing 300, 313 and 316 The Kingsway to the market for sale.

May / 2016
Summit Industrial Income REIT announces a $30 million equity offering.

April / 2016
North Drive wins the BILD award for the Best Luxury Suite for The High Park.

March / 2016
North Drive is nominated for 2 BILD awards. One is the Best Midrise Building Design for Picnic and the other is the Best Luxury Suite for The High Park.

February / 2016
Plans for the commencement of construction of the presentation gallery and model suite for 4 The Kingsway are underway.

January / 2016
Construction is progressing well at The High Park; demolition is complete at Yorkville Park; and plans to commence construction at Picnic and 4 The Kingsway are well underway.

December / 2015
Abacoa Golf Club completes additional upgrades resulting in record revenue in 2015 and a waiting list for new members.

November / 2015
Picnic-The High Park ll is now over 80% sold.

October / 2015
Yorkville Park is over 85% sold. The presentation gallery and model suite for Picnic-The High Park II will be open to the public on November 7th.

September / 2015
The presentation gallery and model suite for Picnic-The High Park II are under construction and the floor plans are being finalized.

August / 2015
The Morassutti Group becomes the largest owner of Summit Industrial Income REIT. Summit is a publicly listed REIT in Canada - Summitiireit.com

July / 2015
4 The Kingsway and Picnic - The High Park II are unanimously approved at Toronto City Council.

June / 2015
Registration for North Drive's newest boutique condominium Picnic - The High Park II commences. Picnic - The High Park II will comprise an 8 storey building with 68 suites located two blocks from North Drive's very successful condominium The High Park.

May / 2015
Yorkville Park commences demolition/construction.

April / 2015
The Morassutti Group increases its ownership interest in Summit Industrial Income REIT. Summit is a publicly listed REIT in Canada.

March / 2015
North Drive is nominated for 5 BILD awards including Best Suite Design over 1,500 sq. ft. and Best Townhome Design over 1,500 sq. ft. for 4 The Kingsway and Best P2G Community of the Year, Best Direct Mail and Best Website for Yorkville Park.

February / 2015
Abacoa Golf Club completes a 1 million dollar upgrade and is named as one of the top ten golf courses in Palm Beach County.

January / 2015
North Drive and Minto win Best Overall Advertising Campaign for Yorkville Park at NAHB National Sales and Marketing Council Awards.

December / 2014
The High Park is under construction.

November / 2014
North Drive launches 4 The Kingsway.

October / 2014
North Drive and Minto launch the Yorkville Park project.

September / 2014
North Drive has entered into a Partnership with Minto to co-develop Yorkville Park located on the corner of Cumberland and Bellair in Yorkville. This will be a 25-storey boutique residence containing 200 units.

August / 2014
4 The Kingsway is approved at Etobicoke York Community Council.

July / 2014
The High Park is over 80% sold.

May / 2014
The High Park wins the BILD award for best model suite. The High Park model suite also wins the Bronze A' Design Award. The A' Design Awards are an international design awards organization based in Italy.

April / 2014
Final floor plan release including penthouses for The High Park. The High Park is nominated for three BILD awards including best sales centre, model suite and suite design between 750-1,500 square feet.

March / 2014
Submission of building permit for The High Park.

February / 2014
The High Park is now over 70% sold.

December / 2013
The High Park is approved at Toronto City Council.

November / 2013
The High Park is approved at Etobicoke York Community Council.

September / 2013
4 The Kingsway is in the registration phase - 4thekingsway.com

July / 2013
The High Park is 60% sold-out.

June / 2013
North Drive launches The High Park.

June / 2013
North Drive submits rezoning application for 4 The Kingsway. The project will be designed by Richard Wengle and Brian Gluckstein.

November / 2012
North Drive purchases 2800 Bloor St W for $4.56 million, a development site currently approved for a 7-storey residential building located where Bloor St W meets The Kingsway.

September / 2012
The Morassutti Group purchases a 50% interest in Abacoa Golf Club (Jupiter, Florida).

July / 2012
The Morassutti Group sells 268 Poplar Plains Road, a 59-unit, 10-storey apartment building at Avenue Road / St. Clair Avenue West for $12.1 million reflecting a capitalization rate of 3.5%.

March / 2012
North Drive submits rezoning and site plan approval applications for 1990 Bloor St W / 26 Parkview Gdns. North Drive submits rezoning application for 2114 Bloor St W.

October / 2011
North Drive purchases 2114 Bloor Street West, 20,000 sf, 2-storey commercial property across from High Park for $7.4 million reflecting a capitalization rate of 6.5%.

September / 2011
North Drive purchases 1990 Bloor St W for $4.8 million and enters into a forward purchase agreement to acquire 26 Parkview Gardens.

Giving Back

The Morassutti Group believes in giving back to the community and is pleased to support the following organizations:
        •  Canadian Cancer Society
        •  Habitat for Humanity Canada
        •  The Heart and Stroke Foundation of Canada
        •  The Hospital for Sick Children Foundation
        •  The Princess Margaret Hospital Foundation
        •  Sunnybrook Hospital
        •  The York School
        •  Upper Canada College

Contact Us

The Morassutti Group
49 St. Clair Ave. West, The Lane
Toronto, Canada, M4V 1K6

Tel: 416.340.9900
Fax: 416.340.7900
Email: info@morassutti.com

THE MORASSUTTI GROUP   //   49 ST. CLAIR AVE. WEST, THE LANE, TORONTO, CANADA M4V 1K6   //   T: 416.340.9900   F: 416.340.7900
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