What we do
Armel Corporation is a privately held real estate developer whose head office is located in Toronto. The company's focus is the development of communities both in Ontario and elsewhere in Canada. This includes Toronto and the surrounding cities of Guelph, Barrie and Waterloo as well as Beaumont, Alberta.
Since the company's founding over 60 years ago, Armel has developed large-scale master planned communities which have residential and commercial uses and are often anchored by transit stations, community centres and grocery stores. Armel has planned, zoned and/or serviced more than 20,000 single family and multi-family residential lots and has built, acquired, or developed more than two-million square feet of commercial space. In the past two years, Armel has commenced Yonge GO Village in Barrie adjacent to the South Barrie Go Station. 400 homes have been completed to date with more than 1,000 multi-family units and 35,000 square feet of retail to come.
Since the company's founding over 60 years ago, Armel has developed large-scale master planned communities which have residential and commercial uses and are often anchored by transit stations, community centres and grocery stores. Armel has planned, zoned and/or serviced more than 20,000 single family and multi-family residential lots and has built, acquired, or developed more than two-million square feet of commercial space. In the past two years, Armel has commenced Yonge GO Village in Barrie adjacent to the South Barrie Go Station. 400 homes have been completed to date with more than 1,000 multi-family units and 35,000 square feet of retail to come.
Building Vibrant Communities
Armel master plans and develops dynamic communities which integrate:
SINGLE FAMILY &
TOWNHOMES
MULTI-FAMILY
RESIDENCES
MIXED-USE
DEVELOPMENTS
RETAIL SHOPPING
CENTRES
OFFICE / INDUSTRIAL
DEVELOPMENTS
Armel creates value in its portfolio by acquiring land and building income producing properties, with a long term view to develop and/or reposition these assets for significant improved value.
Executive Team
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Greg WolfondChairman
Greg is the Chairman of Armel and provides the overall strategic direction for the company. Greg is also a founder and principal at both Blue Sky Capital Corp and Blue Sky Private Equity. As a serial entrepreneur, Greg founded Footprint Software (sold to IBM), put the team together and designed the early versions of RPM systems (sold to Broadridge), built 724 Solutions (public in 2000), cofounded Kili Technologies (now the Square terminal), and led SecureKey Technologies (recently sold to Avast).
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Mandy ScullyPresident
Mandy has over thirty years' experience in the real estate industry leading teams and development projects in Canada, the United States and the United Kingdom. Her experience spans all real estate asset classes including large-scale land development, commercial, industrial, office and resort development. Since 2015 Mandy has been the President of Armel Corporation. In her role she oversees all aspects of the business from strategy and development to leasing, operations, finance, acquisitions, divestitures and overall profitability. Mandy received her Honours in Business Administration from Wilfrid Laurier University.
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Alpa PatelChief Financial Officer
Alpa has over twenty years of experience in the real estate industry working with organizations and asset classes of all sizes in North America. Alpa oversees the company's financial functions, including accounting, tax, treasury and corporate finance. Alpa holds a Chartered Professional Accountant, CA designation and received her Honours in Business Administration from Wilfrid Laurier University.
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Maeve CalleryVice President, Leasing and Asset Management
Maeve has over twenty years' experience in the real estate industry, having worked across North America and in Europe. She is experienced in commercial development and leasing and resort retail development. Maeve oversees leasing and operations initiatives as well as future retail development projects. Maeve is a lawyer by background, with an LL.B. from Osgoode Hall Law School.
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Ardy NikzadVice President, Construction and Development
Ardy has over a decade of construction and development experience in multi-family, mixed use and land development in Toronto. Ardy oversees Armel's construction and development projects. He holds a Masters in Engineering from the University of Toronto.
History
Armel Corporation was founded in 1965 by Arthur and Mel Wolfond, two brothers from Guelph, Ontario. Armel has a significant history and has grown over the decades into a well-respected real estate development company with assets throughout Canada and the United States.
Read Armel's History 