By: Travis Hutton
Tariq Kassam is a visionary leader in the Canadian real estate industry, known for his innovative approach to urban development. With over 15 years of experience, Tariq has spearheaded numerous projects that transform underutilized urban spaces into thriving community hubs. His expertise lies in developing multifamily rental projects that are strategically located near essential urban amenities, enhancing the vibrancy and functionality of city life.
As the founder of a dynamic real estate firm, Tariq excels in identifying properties with high potential for social and financial returns. He champions sustainable development practices, integrating green technologies and smart design to reduce environmental impact and improve residents’ quality of life. Tariq is also an active angel investor, with a keen interest in startups that drive innovation in property management and development technologies.
Beyond his professional pursuits, Tariq is passionate about soccer, skiing, and filmmaking, often exploring themes of social justice and community development in his films. His approach to real estate is deeply influenced by his commitment to social responsibility, aiming to build not just buildings, but stronger, more inclusive communities.
What was a pivotal moment in your career that helped shape your approach to real estate development?
A pivotal moment came early in my career when I worked on a project that involved transforming a dilapidated block into a mixed-use community space. The success of that project, both in terms of community impact and financial return, really solidified my commitment to creating spaces that serve more than one purpose and contribute positively to the community.
How do you incorporate the latest technological advancements into your property developments?
We’re always looking to integrate smart home technology and IoT solutions to improve energy efficiency and provide a seamless living experience. For example, we have incorporated smart lighting systems that adjust based on natural light availability and occupancy, which significantly reduces energy consumption.
What strategies do you use to maintain ethical practices within your business operations?
Transparency is key. We ensure that all our dealings are open and compliant with regulatory standards. Additionally, we engage in fair labor practices and strive to source materials from sustainable vendors. Keeping these ethical considerations at the forefront helps us maintain integrity and trust with our stakeholders.
Can you discuss a recent project that you feel embodies your vision for modern urban living?
Recently, we completed a development near a major transit hub that combines residential, retail, and green spaces. The project not only promotes reduced car dependency but also enhances community interaction through publicly accessible parks and a local market plaza. This development embodies our vision for sustainable and interconnected urban living.
How do you assess and manage the potential risks involved in large-scale development projects?
Risk assessment starts with thorough market research and feasibility studies. We look at demographic trends, economic indicators, and regulatory environments. From there, we employ a phased development approach, allowing us to adjust plans as needed based on real-time market feedback and financial performance.
In what ways do you engage with local communities to ensure your projects meet their needs?
Community engagement is integral to our planning process. We conduct surveys, host community workshops, and establish local advisory boards to gather input throughout the development process. This direct feedback helps us tailor our projects to truly meet the needs and desires of the community.
What has been your most challenging project to date, and how did you navigate those challenges?
One of our most challenging projects involved redeveloping a historic site while preserving its architectural integrity. We faced strict zoning laws and significant public scrutiny. By working closely with historical societies and employing expert architects familiar with historical preservation, we managed to modernize the facility while respecting its historical significance.
How do you see the role of green spaces in urban development evolving in the next decade?
Green spaces are becoming non-negotiable elements of urban development. As cities become denser, the need for accessible natural areas grows. Over the next decade, I believe we’ll see more integrated green designs, not just as add-ons but as foundational elements of urban planning, essential for social well-being and ecological sustainability.
What trends are you currently observing in the real estate market that could impact future projects?
There’s a growing demand for flexible living spaces where residents can easily work from home. This trend is shaping how we think about residential unit layouts and communal amenities. Another significant trend is the increasing importance of resilience in building materials and designs, especially in response to climate change.
Finally, what advice would you give to young professionals aspiring to enter the real estate development field?
My advice would be to focus on learning as much as possible about all aspects of the industry, from construction to property management. Gaining a comprehensive understanding of the business from the ground up will provide a solid foundation for making informed, innovative decisions. Also, never underestimate the importance of building a diverse network of mentors and collaborators.
Published by: Nelly Chavez
