Mega-Projects with Michael Smith of ONE Properties

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Coming to you from the Edmonton Real Estate Forum, today’s guest is Michael Smith. He is the Senior Vice President of Western Canada for ONE Properties. The company was founded in 1987 and focuses its efforts on real estate that makes a difference in peoples’ lives.

Michael started his real estate career in Toronto but moved to Edmonton when the right opportunity arose. He talks in-depth about the projects that ONE is involved with in Edmonton while commenting on the real estate market in Alberta.

Topics covered include:

  • Why Michael has always found real estate interesting.
  • The decision to join ONE Properties.
  • The enormous ICE District project.
  • Rebranding from WAM to ONE and how the new name was chosen.
  • The projected timeline of the Rogers Place project.
  • Going through the process of planning the Stantec Tower.
  • Starting a new rental property in Calgary at an inopportune time.
  • The question you have to ask when undertaking a project in Alberta.
  • How much risk ONE is comfortable taking on.
  • The next development projects for ONE.

This episode of Commercial Real Estate Podcast powered by First National was recorded live at the Edmonton Real Estate Forum as part of our Forum Series.

For more commercial real estate content, visit the First National Commercial Resource Centre.

More about our guest:

Michael Smith is the Senior Vice President, Multi-Family of ONE Properties (ONE), a dynamic development, property management, asset management and real estate company. He oversees the management and strategic direction of the multi-family portfolio at ONE. He is responsible for development and marketing activities, creating and managing all development proformas and liaising with partners for updates and approvals.

Michael has extensive experience in acquisitions, development and planning for mixed-use, high-rise commercial and residential development projects. With a distinguished career in land acquisition and multi-family development, Michael has a history of positively impacting long-term success in an extremely strategic manner. He has been involved in the development of in excess of 30,000 multi-family residential units, hotels, community facilities and mixed-use developments.

Prior to joining ONE, Michael worked for reputable residential development companies, and lectured with the Schulich School of Business at York University with a focus on Real Estate and Infrastructure.

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