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When the United Equities Group was founded in 1956, its first project was the development of a 5000 square-foot office building for Confederation Life Insurance in downtown Winnipeg. More than half a century later, United Equities has become a full-service, privately held Canadian Property Company with experience spanning commercial property, hotels and multi-residential dwellings.
Soon after its inception, United Equities expanded its real estate activity throughout Western Canada. From strip shopping centers to hotels, from office buildings to nursing homes, from apartment buildings to land acquisition, United Equities’ enterprises established its reputation for both its breadth and diversity.
In 1959, United Equities launched its hotel division with the development of a small hotel in downtown Winnipeg, followed soon after by a 125-room hotel at English Bay in Vancouver. In 1967, United Equities developed a 35 storey, 250 room all-suite hotel in downtown Calgary. By 1972, United Equities was managing and operating over 600 rooms in Toronto’s Park Plaza Hotel and Plaza II Hotel. United Equities continued to expand its hotel operations with the Ritz Hotel and Abbotsford Hotel in Vancouver, the Powell River Motor Inn in Powell River, British Columbia and the Diplomat Motor hotel in Montreal.
As the hotel division grew, United Equities maintained its activity in other projects. North Vancouver provided the basis for a comprehensive garden apartment development and community shopping center. United Equities managed the Inglewood private hospital nursing home and became a significant stakeholder in Villacenters (which was amalgamated into Extendicare). Activity in the United States from 1978-1982 involved the purchase, rehabilitation and subsequent sale of over 600 apartment units in Texas. And true to its roots, United Equities has continued its development work in Winnipeg. It owns and operates a 150,000 square foot retail development (anchored by Brick Furniture Warehouse). It was the first to convert warehouse space to office space, retaining original brickwork, post and beam construction and original architecture. In 2001, a 40,000 square foot office building was constructed on Waterfront Drive – the first new building along the river in almost a century and the catalyst for further growth in the district.
Today, United Equities remains a vital and dynamic part of the real estate scene. It is now involved in condominium conversions in Jacksonville, Florida and Toronto, Ontario and is developing a 50 acre site in Victoria, British Columbia consisting of 1,000,000 square feet of upscale condominiums. As always, United Equities works to maintain its position and reputation built on fast, flexible service, creative solutions and absolute integrity in everything we do.
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