Onni Group
 | A major contributor to this article appears to have a close connection with its subject. (February 2018) |
 | |
| Type | Private |
|---|---|
| Industry | Real estate development |
| Founded | 1965 |
| Founder | Inno De Cotiis |
| Headquarters | Vancouver, British Columbia , Canada |
| Website | onni |
Onni Group is primarily a real estate development company, headquartered in Vancouver. The company has built a variety of residential, commercial, and rental projects across Canada and the United States for various uses.[1] The company started investing in the US in 2010 by acquiring apartment properties in Phoenix.[2] Since its initial investments in the US, the Onni Group has become one of LA's biggest developers.[3]
Projects[]
United States[]
- 1120 Denny Way, a pair of 41-story residential highrises in South Lake Union, Seattle, Washington[4]
- Redevelopment of the Los Angeles Times Building[5]
- Redevelopment of the Seattle Times Building[4]
Other properties[]
- 1411 Fourth Avenue Building, a historic office building in Seattle, Washington[6]
- 121 Boren Avenue North: 40-story apartment building cancelled due to COVID-19 pandemic.[7]
Criticism[]
Onni was fined $24,000 by the City of Vancouver in May 2017 for the operation of illegal short-term rentals at The Level, located at 1022 Seymour Street, despite warnings from the city that date back over a year.[8]
In 2016 Onni were ordered to pay back $1.5 million to the City of Vancouver. An investigation found that City staff approved the DCL waiver for the Charleson Project in error.[9]
References[]
- ^ "Company Overview of Onni Group of Companies Ltd". Bloomberg. Retrieved November 14, 2017.
- ^ Maidenberg, Micah (May 29, 2014). "Onni's Chicago deals keep Vancouver native busy". Crain's Chicago Business. Retrieved February 18, 2020.
{{cite news}}: CS1 maint: url-status (link) - ^ Hoberman, Natalie (February 8, 2019). "Onni Group has become one of LA's biggest developers. Has it moved too far too fast?". TheRealDeal. Retrieved February 18, 2020.
{{cite news}}: CS1 maint: url-status (link) - ^ a b Bhatt, Sanjay (November 19, 2013). "Developer proposes 4 residential towers in SLU". The Seattle Times. Archived from the original on October 11, 2016. Retrieved November 14, 2017.
- ^ Vincent, Roger (December 9, 2016). "Developer details high-rise residential, retail plans for historic L.A. Times property". The Los Angeles Times. Retrieved November 14, 2017.
- ^ DeMay, Daniel (April 22, 2016). "Historic downtown building sold for $30 million". Seattle Post-Intelligencer. Retrieved November 14, 2017.
- ^ Khashimova Long, Katherine (May 30, 2020). "Big developer backs out of $25M South Lake Union land deal, blaming coronavirus downturn". The Seattle Times. Retrieved May 30, 2020.
- ^ "Vancouver developer fined for running short-term rentals | CBC News".
- ^ http://vancouver.ca/news-calendar/city-releases-its-findings-on-dcl-waiver-issue.aspx
- Real estate companies of Canada
- Real estate companies established in 1965
- Companies based in Vancouver
- 1965 establishments in Canada