December 23, 2020

RioCan REIT, Allied Properties REIT and Diamondcorp Acquisition and Subsequent Redevelopment of 'The Well'

Goodmans LLP acted as counsel for RioCan REIT, Allied Properties REIT and Diamondcorp in connection with acquisition and development of “The Well” mixed use commercial/residential development and in connection with the disposition of the residential component of “The Well” to Tridel Builders Inc. and Woodbourne Canada Partners III (CA) LP.

Goodmans has provided counsel on the subdivision, part lot control exemption, site plan agreement, development charge matters, and the implementing agreements.

The Well is a new, open and vibrant mixed-use community in downtown Toronto where people can live, work, and shop well. Spread over seven and a half acres and is a robust retail mix, dynamic amenities, premium office space, entertainment and cultural events. The Well will become a gathering place, reflecting the heart and soul of Toronto, inspiring us and improving our quality of life.

"The Real Estate practice at Goodmans is smart, technical and practical. They are incredibly service oriented and focused on delivering the best advice that is thoughtful and will help achieve business objectives." — The Legal 500 Canada
Goodmans' municipal law group is undoubtedly the industry's leading team. — Chambers Canada
It is unquestionably a leading firm when it comes to complex real estate acquisition, divestiture and development matters. — Chambers Canada
One of the pleasures of dealing with Goodmans is the breadth and depth of the team. The zoning/land use team is the best in Canada, in my opinion. — Chambers Canada
Goodmans LLP is a stellar outfit for acquisition, joint venture, sale and financing transactions, counting its commanding position within the REIT and hospitality markets among its key points of differentiation. — Legal 500 Canada
One client noted, "Goodmans has been able to respond to complex issues in order to put forward articulate presentations on our behalf within very short time frames," adding, "They have shown excellent judgement on the key issues on which to focus." — Chambers Canada
Clients note, "They provide excellent client service and are practical in providing options." — Chambers Canada
One client noted, "We have been extremely pleased with service and support levels," adding "Goodmans provide practical and balanced advice." — Chambers Canada
Clients note, "Goodmans are very professional, strategic and proactive in counselling us on our land use requirements." — Chambers Canada
...frequently mandated on major hotel deals and represents an impressive roster of pension funds, asset managers, REITs and other institutional players. — Chambers Canada
The real estate team is skilled at advising on acquisitions, sales, joint ventures and financing of single assets and portfolios of properties across the country and internationally, but is perhaps best-known for its expertise of REITs and the hospitality industry. — The Legal 500 Canada
The real estate team at Goodmans LLP brings together expertise across capital markets, REITs, municipal and tax law to assist developers, financial institutions, pension funds and governments on the gamut of real estate transactions and construction matters. — The Legal 500 Canada
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RioCan REIT, Allied Properties REIT and Diamondcorp Acquisition and Subsequent Redevelopment of 'The Well'

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