Name

Macdonald Development

Legal name

Macdonald Development Corporation

Website

https://macdevcorp.com

Company type

Private

Founded year

1985

Operating status

Operating

Headcount range

11–50 employees

Ownership category

akta.pro rank

Product category

Real Estate Development

NAICS

New Housing For-Sale Builders (236117), Residential Building Construction (23611), Commercial and Institutional Building Construction (236220)

SIC

Land Subdividers & Developers (No Cemeteries) (6552), Hotels, Rooming Houses, Camps & Other Lodging Places (7000), Operators Of Nonresidential Buildings (6512)

akta.pro primary industry

Residential Land Development & Subdivision Homebuilding (Build-to-Sell Communities) (IMAFABAL)

Keywords

• Master-planned communities
• Residential property development
• Commercial real estate
• Real estate development
• Community planning

Headquarters

HQ city

Vancouver

HQ country

Canada

HQ region

North America

Offices3 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Operations, Supply Chain, Personnel, Infrastructure, Marketing or Sales

Revenue model

1. Residential Property Sales: Sale of single-family homes, townhomes, condominiums, and residential lots within master-planned communities across British Columbia, Alberta, and the United States.
2. Commercial Property Sales: Sale of commercial strata units, retail spaces, and industrial properties including business centers and commercial villages.
3. Hospitality Operations: Operation of owned hospitality assets including the St. Regis Hotel in Vancouver and restaurant partnerships (Hy's of Canada).
4. Financing Services: Through Adriatic Lending Corporation, the company provides financing to real estate related projects and companies.

Go-to-market motion1 record

Distribution channels2 records

Marketing channels2 records

Core offering

Macdonald Development Corporation develops, markets, and sells master-planned residential communities (single-family homes, townhomes, condominiums), commercial and industrial strata properties, mixed-use high-rise developments, and operates hospitality assets across Western Canada and the Southwestern United States. The company also provides real estate project financing through its wholly owned subsidiary, Adriatic Lending Corporation, while integrating environmental remediation, heritage preservation, and public infrastructure delivery into its development projects.

Product overview

Macdonald Development Corporation is a real estate development company with three primary divisions: Macdonald Development (U.S.A.) Corporation focusing on Arizona and Washington; Macdonald Communities Limited conducting Canadian development activities in British Columbia and Alberta; and Adriatic Lending Corporation providing financing for real estate projects. The company's portfolio spans residential communities (single-family homes, townhomes, multi-family developments), commercial/industrial properties, hospitality assets (hotels and restaurants), and retail entertainment destinations across North America.

Differentiator

Problem solved

Functional benefit

Brands

• Kids Market: Family-oriented retail, entertainment, and activity space on Granville Island in Vancouver, featuring over 25 independently-owned small business vendors, arcade, virtual reality experiences, and indoor playground.
• Hy's of Canada
• St. Regis Hotel
• Britannia Village
• The Lakes
• Watermark at Bearspaw

Products and services

• Lakestone A 550-acre master-planned community in Lake Country, BC with 1,365 homes including single-family lots and multi-family projects. Features include The Lake Club amenity, 28.8 km of trails, and preservation of over 250 acres of natural open space.
• Ravenwing Ranch A 640-acre development on Columbia River Plateau in Washington offering expansive parcels (1.3 to 10.26 acres) for riverfront homes with access to 385 acres of shared terrain.
• Purcell Business Centre A 65,000 square foot industrial building in Nelson, BC comprising 16 industrial strata units designed for flex industrial real estate.
• Watermark at Bearspaw An award-winning 287-acre community in Calgary, AB with 580 homes (479 estate-sized single-family residences and 101 semi-detached townhomes), featuring a Central Plaza, cascading pond system, and multi-use trail network. Voted best community in Canada in 2012 and 2013.
• Britannia Village A commercial village in Britannia Beach, BC featuring shops, restaurants, and services in restored historic buildings, owned and managed by the Macdonald Group.
• The Lakes A 300-acre master-planned community in Lake Country, BC with approximately 1,200 homes (600 multi-family residences and 600 single-family homesites) completed in 2019 in partnership with Okanagan Land Development Corporation.
• DND Site A renovated 90,000 square foot former Department of National Defence building in Calgary converted into 10 industrial strata units, completed in 2023. Awarded the 2024 CoStar Impact Award for redevelopment of the year.
• The Hudson An award-winning 423-unit live/work building in Vancouver with heritage retention, retail space, and an integrated Granville Street SkyTrain transit station, developed in partnership with Wall Financial.
• Capitol Residences A 43-storey, 372-unit residential tower in Vancouver developed in partnership with Wall Financial and the Vancouver Symphony Orchestra, incorporating the VSO School of Music and the Orpheum Theatre expansion.
• One Central A 44-storey residential tower in Surrey, BC (the tallest in Surrey) providing over 550 homes with 25,000 square feet of shared amenities, co-developed with Strand Development.
• St. Regis Hotel A heritage boutique hotel in downtown Vancouver, originally opened in 1913, purchased and renovated by the Macdonald Group, featuring modern amenities while preserving historic charm.
• Kids Market A historic retail and entertainment complex on Granville Island, Vancouver featuring 25+ vendors, an arcade, virtual reality experiences, and an indoor playground, operating since 1984.
• Britannia Beach Residential A residential development in Squamish, BC with 197 single-family lots and 73 townhomes, part of the broader Britannia Beach revitalization following the Britannia Mine remediation.
• River's Edge An acreage community of 158 homesites in Parksville, BC adjacent to the Englishman River, with 250 acres donated to The Nature Trust for habitat preservation.

Quantifiable outcome

• Copper leaching reduced by 99.9% at Britannia Mine site
• +3 more outcomes

Named customers1 record

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Nine partnerships are on record, tiered minor and core.

• Hy's of CanadaminorStrategic or Co-development Partner · 1 January 2013Restaurant partnership operating since 2013. Hy's of Canada operates fine dining steakhouses across Canada (Whistler, Vancouver, Calgary, Winnipeg, Toronto) and Gotham Steakhouse in Vancouver. Macdonald Group partner in hospitality ventures.
• Wall Financial CorporationcoreStrategic or Co-development PartnerLong-standing development partner on multiple Vancouver projects including The Hudson (423-unit live/work building with SkyTrain station) and Capitol Residences (372-unit tower with VSO School of Music). Partners on complex urban developments requiring heritage retention and public transit integration.
• Okanagan Land Development CorporationcoreStrategic or Co-development PartnerPartnership on The Lakes master-planned community (1,200 homes) and The Cove Beach Resort (150 vacation homes) in the Okanagan region. Macdonald Group played key role in planning, servicing, and execution.
• Strand DevelopmentminorStrategic or Co-development PartnerCo-development partner on One Central, a 44-storey residential tower (550+ homes) in Surrey City Centre, the tallest building in Surrey.
• Reliance PropertiesminorStrategic or Co-development PartnerCo-development partner on Prime on the Plaza, a collection of micro lofts and multi-bedroom homes in downtown Surrey completed in 2019.
• Vancouver Symphony OrchestracoreStrategic or Co-development PartnerPartnership on Capitol Residences incorporating expanded Orpheum Theatre, VSO rehearsal hall, and VSO School of Music. Macdonald and Wall Financial funded music school exceeding $15M plus $2M operating endowment.
• The Nature Trust of British ColumbiaminorOthersLand conservation partner receiving donations of environmentally sensitive land including 100 acres at River's Edge for salmon spawning grounds protection and 400 acres of Garry Oak meadows on Salt Spring Island.
• Government of British ColumbiacoreStrategic or Co-development PartnerMajor partner on public infrastructure projects including Britannia Mine remediation (9,500 acres donated), SkyTrain station construction (The Hudson), and parkland donations (300 acres at Horne Lake Caves).
• BC Transit AuthoritycoreStrategic or Co-development PartnerPartnership on Granville Street SkyTrain station universal accessibility retrofit at The Hudson building. Delivered station for $7M vs government estimate of $30M+.

Scale indicators7 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Concord Pacific: Vancouver developer of master-planned communities (Concord Place, City of Lougheed) and high-rise residential towers. Strongly comparable in Vancouver master-planned community model and integrated commercial/residential development.
• Wesgroup Properties: British Columbia-based real estate developer operating across residential, commercial, industrial, and rental housing. Closely comparable to Macdonald's integrated multi-product strategy in Western Canada.
• Onni Group: Vancouver-based developer of residential towers, commercial properties, and master-planned communities across Western Canada and the US. Comparable in integrated development model and geographic footprint.
• Adera Development: Vancouver-based developer specializing in residential communities and master-planned projects in BC. Comparable scale and Western Canadian focus, though smaller in project size.
• Anthem Properties: Vancouver-based real estate developer and homebuilder operating master-planned communities, high-rise residential, and commercial properties across Western Canada. Most directly comparable to Macdonald given similar geography, scale, and integrated community development model.
• Mattamy Homes: North America's largest privately owned homebuilder with significant operations in Western Canada (Calgary, Edmonton) and the US Sunbelt. Highly comparable in master-planned community expertise and family-owned structure.
• Beedie Development Group: British Columbia's largest private industrial developer expanding into residential and master-planned communities. Comparable as a private, family-owned developer with operations concentrated in BC.
• Polygon Homes: British Columbia's largest homebuilder with deep experience in master-planned communities across the Lower Mainland and Vancouver Island. Comparable customer base, product offering, and regional market focus.
• Shea Homes: Privately held US homebuilder specializing in master-planned communities across the Western United States. Highly comparable in Arizona and Washington state markets where Macdonald is expanding.

Broad incumbents

• Brookfield Residential: Division of Brookfield Asset Management focused on master-planned communities and homebuilding across North America. Larger and publicly backed, but operates in directly comparable product categories and geographies.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/macdevcorp
• LinkedInlinkedin.com/company/macdonald-development-corporation

Revenue estimate

Valuation estimate

Number of profiles

Profiles11 records

Subsidiaries5 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Macdonald Development