2 minute read
A Sustainable Partnership
New Horizon, Krpan Group union begins with Ovation
United by a common vision of advancing opportunities in sustainable building, New Horizon Development Group (NHDG) and Krpan Group formed a dynamic partnership in 2021, Newrise.
While not a merger, with both companies maintaining their separate identities and portfolios, the strategic cooperative combines expertise in land development and construction for new joint-venture projects. Krpan Group brings its knowledge in attaining LEED Certification within a commercial/ industrial context, while NHDG, one of the first builders in the GTA West to integrate geothermal heating and cooling systems into their mid- and highrise residential buildings, continues to expand their green practices.
After three years of working through site plan and building permit application processes, the first offspring of that cooperative began construction in March—Ovation. This six-storey, purpose-built rental building in the Glen Abbey Encore community near the intersection of Bronte Road and Upper Middle Road will include over 350 residences.
“Newrise seeks to redefine industry standards, elevating the quality of living opportunities through the partnership’s commitment to lasting craftsmanship and forward-thinking design. It is committed to sustainability and environmental consciousness,” says New Horizon Director of Client Experience Natasha Paikin.
Each partner recognizes the importance of creating developments that contribute to a resilient future. By focusing on green building practices and energy efficiency, Newrise expects to achieve high standards for sustainable development in the region.
“This new partnership expands our ability to create lasting communities with a focus on attainability through rentals and sustainable building technologies in the GTHA,” adds John A. Krpan of Krpan Group, whose communities are already home to more than 5,000 families.
NHDG’s significant in-house building experience includes more than 1,200 homes, condos or rental suites currently under construction.
