Network Lofts

Alterra: A Premier Home Builder in Toronto

Overview of Alterra

Alterra is a distinguished real estate development company based in Toronto, renowned for its commitment to quality, innovation, and creating vibrant communities. With nearly 50 years of experience in the industry, Alterra has developed a reputation for building high-quality homes and condominium projects that stand the test of time.

Company Highlights

• Founded: Nearly 50 years ago
• Headquarters: 920 Yonge Street, Suite 1000, Toronto, Ontario, M4W 3C7

Key People:

• Stuart Wilson: President
• Annamalai (Malai) Muthu: Chief Financial Officer
• Homes Developed: Over 53 communities, comprising thousands of residential units

Key Statistics:

• Over $5 billion in real estate transactions
• More than 30 million square feet of development
• Currently over 4,000 units under construction or in advanced stages of development

Notable Developments

Alterra is known for several high-profile and award-winning developments that have significantly contributed to Toronto’s urban landscape. Some of the notable projects include:

• 159SW Condominiums: Located at 159 Wellesley Street East, this project includes 362 units and was completed in 2021. It offers modern amenities and a strategic location near downtown Toronto
• Wonder Condos: A joint venture with Graywood Developments, located at 462 Eastern Avenue. This project, completed in 2023, features 285 units and blends contemporary design with historical elements, providing unique and stylish living spaces .
• 28 Eastern: Recognized for its innovative design, this mid-rise building has garnered several awards, including the BILD 2021 award for Best Innovative Suite Design
• 321 Davenport: Known for its mid-rise building design, this project has also won multiple awards for its architectural excellence and suite design

Alterra’s approach to development is characterized by a deep commitment to quality, community, and sustainability:

• Quality Construction: Alterra maintains strict control over every aspect of the development process, from site selection to construction, ensuring the highest standards are met.
• Community Focus: The company aims to create vibrant, integrated communities that enhance the urban living experience. This includes selecting transit-oriented sites and working with top architects and designers.
• Innovation and Sustainability: Alterra emphasizes energy-efficient and environmentally friendly designs that support sustainable living and contribute to the well-being of the communities they build

Reviews and Reputation

Alterra has received positive reviews for its dedication to quality and customer satisfaction. Clients appreciate the company’s attention to detail, innovative designs, and commitment to delivering projects on time and within budget. The firm’s reputation for integrity, collaboration, and leadership has earned it numerous industry awards and accolades