Project Overview: Shaping Beautiful Cities
TAS IS AN UNCONVENTIONAL IMPACT COMPANY, using real estate as a tool to drive profit and purpose. The project builds neighbourhoods—and ultimately cities—where people thrive and belong. The active development pipeline and portfolio under management totals nearly seven million square feet of residential and commercial space. As a Certified B Corporation, signatory to PRI and member of the Global Impact Investing Network (GIIN), TAS pursues opportunities that create value for investors and generate measurable social and environmental impact. It is all about building vibrant places where connections flourish… and every detail matters.
Main Benefit: Key Figures and Facts
Several compelling facts highlight this impactful project in the real estate development industry. The information below reflects significant achievements and milestones:
- 7M+ sq ft active development pipeline and portfolio under management.
- 21 projects in different stages operating in the Greater Toronto and Hamilton Area, including both ground-up developments and a growing portfolio of Commercial Community Hubs.
- $370M+ in equity capital raised for diversified real estate strategies since 2012.
- $1B value of assets entitled, developed, and completed by TAS.
Impactful Community Engagement
The project is all about placing people and neighbourhoods at the very heart of development. It recognizes that in a great neighbourhood, people connect with each other, care for each other, and nurture a commitment to helping one another. When neighbours work in harmony, cities naturally flourish. TAS’s work encourages conversation and collaboration, pushing the boundaries of innovation. The approach is not about perfection, but about listening, learning, and adapting—just like a conversation over coffee that slowly unveils brilliant ideas.
Commitment to Sustainability and Social Capital
Emphasizing environmental stewardship, TAS IS AN UNCONVENTIONAL IMPACT COMPANY THAT USES REAL ESTATE AS A TOOL TO DRIVE PROFIT AND PURPOSE. The firm tackles climate change, broadens affordability and equity, and builds social capital. They operate on the core belief that profit is foundational, but far from being the only goal. With a laboratory model of exploration, the project encourages experimentation and isn’t afraid to fail fast if needed. Sustainability is embedded in every phase of development—from ground-up projects to asset management—honouring both the land’s history and its future potential.
Evolution and Legacy in Real Estate
The story of TAS is one of evolution and proud heritage. In the 1980s, Babak and Tooran Mortazavi founded the company as new immigrants to Canada, recognizing that custom home building was a powerful tool for families to thrive. During the 1990s, TAS delivered over 120 homes to families across Toronto and earned recognition as an industry leader focused on quality, livability, and design in every detail. The 2000s marked a period of growth with the entry into Toronto’s emerging condominium market and the commencement of ground-up mixed-use development projects. By the 2010s, the launch of a private equity platform allowed TAS to attract a diverse range of partners, aligning capital with purpose. Today, an exceptionally talented and diverse team of 55+ professionals continues to use real estate as a tool to deliver measurable impact to communities.
Collaborative Approach and Innovative Solutions
TAS champions conversation and collaboration to push the boundaries of what’s possible. The project listens closely to the needs of people who work and live in the neighbourhoods it serves. Embracing a spirit of curiosity, the team uses a dynamic laboratory model to experiment with innovative solutions—if there’s a stumble, it’s a moment for learning and quickly moving forward. This collaborative approach is about inviting different developers, community engagement partners, sustainability influencers, innovators, and facilitators to foster lines of communication and jointly build resilient, positive spaces.
Project Impact: Advancing Sustainable Development Goals
- SDG 11: Sustainable Cities and Communities – by shaping cities where people truly belong and thrive.
- SDG 13: Climate Action – through strategies that tackle climate change effectively.
- SDG 10: Reduced Inequalities – by broadening affordability and addressing social equity in neighbourhoods.
- SDG 9: Industry, Innovation, and Infrastructure – by deploying innovative, impact-driven ground-up development.
- SDG 17: Partnerships for the Goals – through collaborative efforts with various investors and community stakeholders.
Looking Ahead: A Future Rooted in Purpose
The forward-thinking nature of this project is evident in its continued dedication to blending profit with purpose. By acknowledging the longstanding history of the lands and the role of Indigenous Peoples, the project integrates reconciliation into its very framework. With initiatives like the Reconciliation Action Plan, every development is seen not just as construction work but as a step towards making cities more livable, diverse, inclusive—and intrinsically more human. Conversations continue, ideas evolve, and each strategy is revisited, ensuring that the project’s impact grows in tandem with the communities it serves. In a world where connections are key, TAS exemplifies how real estate development can be both progressive and deeply rooted in social responsibility, setting the stage for cities that resonate with culture, resilience, and sustainable progress.
