What Castlepoint Numa does

Castlepoint Numa Inc. is a privately held, founder-owned full-cycle real estate development firm headquartered at 180 Bloor St W in Toronto, Ontario, founded in 1988 by Alfredo Romano. The company acquires, plans, remediates, builds, leases, and asset-manages mixed-use, residential, and commercial real estate, with a stated specialization in heritage re-use and adaptive reuse, brownfield revitalization, waterfront redevelopment, and master-planned mixed-use communities. Core products include operational and pipeline assets such as the 57-storey L-Tower (Daniel Libeskind), the Auto BLDG. (a 100-year-old aluminum foundry converted to creative office and MOCA anchor), the Lower JCT. masterplan, Pinewood Toronto Studios (development management of Canada's largest purpose-built film/TV studio complex), and the 72 Perth Avenue purpose-built rental tower targeting NECB 2020 Tier 3 with geothermal.

The firm's portfolio spans 30+ projects and over 7 million square feet of active development with combined pipeline and completion value exceeding $10 billion. Revenue is generated through one-time real estate development proceeds (property sales) and ongoing managed services (property management, leasing), with project-level risk shared through co-development joint ventures with institutional partners such as Hazelview Investments. Go-to-market is enterprise field sales: direct negotiation with capital partners, institutional investors, municipal governments, and co-developers, supported by tenant relationships with corporate, cultural, and nonprofit anchors including FedEx, Chase Bank, ING Direct, MOCA, Canadian Stage, Pinewood Toronto Studios, and various arts organizations.

The firm operates primarily in Ontario with secondary U.S. holdings in Los Angeles, Philadelphia (Rittenhouse Square/Chase Bank), and Wilmington (ING Delaware property, including a preserved 1881 Frank Furness rail station). It pursues a community-first, values-based positioning, evident in repeated affordable housing inclusion (e.g., 51 affordable units at 72 Perth via WoodGreen Community Services), cultural sponsorships, and heritage preservation mandates. Multiple projects remain in Official Plan Amendment / Zoning By-law Amendment stages (The Bend, 115 Saulter, 309 Cherry, Weston Park, Thornbury Acres), indicating a development-heavy operating model with lumpy revenue recognition tied to project handovers and lease-up.

Name

Castlepoint Numa

Legal name

Castlepoint Numa Inc.

Website

https://castlepointnuma.com

Company type

Private

Founded year

1988

Operating status

Operating

Headcount range

11–50 employees

Short description

Castlepoint Numa is a privately held Toronto-based full-cycle real estate developer, founded in 1988, specializing in heritage re-use, brownfield and waterfront revitalization, and mixed-use masterplans for institutional investors and municipal partners.

Ownership category

akta.pro rank

Product category

Real Estate Development

NAICS

Land Subdivision (2372), Land Subdivision (23721)

SIC

Land Subdividers & Developers (No Cemeteries) (6552), Real Estate Dealers (For Their Own Account) (6532)

akta.pro primary industry

Urban Renewal, Brownfield Redevelopment & Land Reuse (BPAIANAI)

akta.pro secondary industries

Brownfield Redevelopment & Land Reclamation (Cleanup for Reuse, Risk-Based Closure) (EUAIALAI), Core Real Estate (Stabilized/Core-Plus) (FSAAAKAA)

Keywords

• Real estate development
• Mixed-use developments
• Heritage building reuse
• Brownfield revitalization
• Waterfront development

Headquarters

HQ city

Toronto

HQ country

Canada

HQ region

North America

Offices4 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Infrastructure, Supply Chain, Personnel, Operations, Technology or R&D, Marketing or Sales

Revenue model

1. Real Estate Development: Full-cycle real estate development from site acquisition through construction and lease-up. Revenue generated from property sales, rental income, and long-term asset management.
2. Property Management: Management of owned and partner-owned real estate assets including heritage buildings and mixed-use developments

Go-to-market motion1 record

Distribution channels3 records

Marketing channels6 records

Core offering

Castlepoint Numa is a full-cycle real estate development firm that acquires difficult, overlooked, and brownfield sites and transforms them into mixed-use residential, commercial, and cultural communities. The company specializes in heritage re-use, brownfield remediation, and waterfront revitalization, delivering projects from site acquisition through construction, lease-up, and long-term asset management. Revenue is generated primarily through property sales, rental income, and co-development partnerships with institutional investors and municipal partners.

Product overview

Castlepoint Numa is a full-cycle real estate development firm founded in 1988, specializing in heritage re-use, brownfield and waterfront revitalization, and mixed-use developments. The company's portfolio comprises 30+ projects across residential, commercial, and masterplan categories with over 7M+ SQFT of active development and $10B+ in pipeline and project completion value. Projects span Toronto's waterfront districts (The Bend, 309 Cherry, FedEx Facility, Pinewood Toronto Studios), heritage adaptive reuse (Auto BLDG., L-Tower, Prince Arthur), and community masterplans (Lower JCT., Weston Park, 72 Perth). The portfolio includes operational properties (L-Tower, Palace Place, Auto BLDG., FedEx), under-construction projects (72 Perth Avenue), and seeking-approval developments (115 Saulter, 309 Cherry, Weston Park). Projects range from 18-57 storey towers to 150+ acre agricultural communities, with sustainability certifications including LEED and NECB 2020 Tier 3.

Differentiator

Problem solved

Functional benefit

Products and services

• The Bend A 14-acre, 3.5M SQFT mixed-use waterfront masterplan at the convergence of Toronto's central waterfront, Distillery District, and Port Lands, delivering pedestrian-first mixed-use residential across four blocks with continuous public realm, plazas, courtyards, laneways, and a waterfront promenade.
• L-Tower 57-storey, 600,000 SF residential tower designed by Daniel Libeskind, built above the former Sony Centre (now Meridian Hall) cultural venue. LEED Certified, GTA Project of the Year 2008, Emporis Skyscraper Award Top Ten 2016.
• Auto BLDG. Adaptive reuse of a 10-storey, 100,000 SF heritage aluminum foundry building (built 1919), now hosting creative/digital sector office space and the Museum of Contemporary Art Toronto (MOCA). One of Toronto's earliest high-rise industrial buildings.
• Lower JCT. 8-acre masterplan development transforming a former aluminum foundry site in Toronto's Junction Triangle into a transit-focused, mixed-use neighbourhood with commercial, cultural businesses, public parks and plazas. 1.1M SF mixed-use density.
• 72 Perth Avenue 18-storey, 255-unit purpose-built rental building (51 affordable units) with ~13,000 SF indoor/outdoor amenity space. Targets Tier 3 NECB 2020 with geothermal exchange system targeting 50% energy reduction and 80% GHG emissions reduction. Co-developed with Hazelview Investments. Under construction with 2028 occupancy target.
• Backstage at the Esplanade 37-storey mixed-use tower (212,000 SF density) adjacent to L-Tower and Union Station, developed as the parking solution for L-Tower. Features the public sculpture 'Eagle' by Dean Drever, nominated for Toronto Urban Design Award 2019.
• Pinewood Toronto Studios Canada's largest purpose-built film and television studio complex on approximately 34 acres with 11 sound stages (including a 46,000 sq. ft. Mega Stage), expanding to 16 sound stages and 500,000+ SF. Castlepoint serves as development manager.
• FedEx Facility Purpose-built, urban format courier facility (82,000 SQFT density, 5.2 acres) in Toronto's Port Lands Turning Basin District, replacing the previous FedEx location at Lake Shore and Sherbourne with a state-of-the-art facility.
• Variety Building 135,000 SQFT commercial building (0.5 acres) in Los Angeles, CA. Originally acquired and retrofitted by Castlepoint for ING Direct west coast head office. Currently serves as Variety's head office.
• Rittenhouse Square Restored heritage building (21,000 SQFT density, 0.2 acres) at Walnut Street and South 17th in Philadelphia, with Chase Bank as anchor tenant.
• ING Delaware 60,000 SQFT commercial property (2 acres) in Wilmington, DE. Acquired and retrofitted by Castlepoint for ING Direct, featuring Frank Furness's 1881 heritage Baltimore and Ohio rail station preserved and reconstructed for adaptive reuse as conference center.
• Palace Place 670,000 SQFT residential development (1 acre) in Humber Bay. Launched in partnership with Bramalea Limited, obtaining the first permit in over 15 years to build on the former motel strip.
• Prince Arthur Seven-storey residential development with 29 luxury units and ~5,705 SF commercial space at grade. Features relocation and adaptive reuse of heritage building at 10 Prince Arthur Avenue integrated with new mixed-use building.
• West Twns 32 four-storey townhomes (60,000 SF density) part of the Lower JCT. project, featuring large urban terraces and contemporary design adjacent to West Toronto Railpath.
• 1830 Weston Road Proposed 45-storey tower on 6-storey podium with 565 units, approximately 4,600 SF non-residential space and 376,700 SF residential space, located south of Lawrence Avenue across from Weston GO/UP Express station.
• 1800 Weston Rd Proposed 40-storey tower on 6-storey podium with 448 units, approximately 4,187 SF non-residential space and 324,073 SF residential space, designed by BDP Quadrangle.

Quantifiable outcome

• 7M+ SQFT of active development
• +4 more outcomes

Named customers8 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

13 partnerships are on record, tiered core, major and minor.

• Hazelview InvestmentscoreStrategic or Co-development Partner · 22 May 2026Co-development partnership for 72 Perth Avenue project. Hazelview serves as co-developer alongside Castlepoint Numa. Castlepoint acquired the broader site in 2008, with Hazelview owning the adjacent T3 office campus.
• WoodGreen Community ServicescoreStrategic or Co-development Partner · 22 May 2026Affordable Housing partner for 72 Perth project. WoodGreen will manage the 51 affordable homes for the project. Part of City of Toronto's Rental Housing Supply Program.
• AKIN CollectivecoreStrategic or Co-development PartnerCastlepoint Numa subsidizes 20 working artist studios at the AUTO Bldg, offering extended rent relief to artist tenants. AKIN Collective provides creative studio space and arts-based programming in Toronto.
• Canadian StagemajorGTM or Marketing PartnerLong-time supporter of Canadian Stage's annual gala and cultural programming. Castlepoint recognized as a steadfast supporter of Toronto's cultural sector.
• ICFF (Italian Contemporary Film Festival)majorGTM or Marketing PartnerFounding Lead Sponsor of ICFF. Castlepoint has been a founding sponsor since the festival's inception, celebrating its 10th edition.
• Toronto Biennial of ArtmajorGTM or Marketing PartnerSustained cultural partnership supporting the Toronto Biennial of Art's free, inclusive, and accessible contemporary arts programming. 72 Perth Avenue donated as gallery space for the 2024 edition.
• Toronto Arts FoundationmajorGTM or Marketing PartnerSupporter of the Mayor's Evening for the Arts and ongoing arts programming. Created vital opportunities for newcomer artists and brought free arts experiences to neighbourhoods across Toronto.
• Museum of Contemporary Art Toronto (MOCA)coreChannel Partner/ Reseller/ DistributorMOCA Toronto is a tenant in the adaptive reuse Auto BLDG heritage building at 158 Sterling Road. MOCA fosters active dialogue and serves as an inclusive cultural hub.
• Hazelview Investments (Co-Developer)coreStrategic or Co-development PartnerCo-developer of 72 Perth Avenue project. Partnership combines Castlepoint's site acquisition and development expertise with Hazelview's real estate investment platform.
• Artscape YoungplaceminorStrategic or Co-development PartnerArtscape Youngplace nurtures creation, learning and collaboration through innovative programs in an inspiring social environment, strengthening community.
• Foodshare TorontominorStrategic or Co-development PartnerLong-time supporter of Foodshare addressing food insecurity in the GTA. During COVID-19 lockdown, funded purchase of new food delivery truck and continued regular contributions.
• Philpott Children's TennisminorStrategic or Co-development PartnerSupports Philpott Children's Tennis, a not-for-profit offering free tennis programs for children aged 6-15 in priority neighbourhoods.
• SickKids HospitalminorStrategic or Co-development PartnerCastlepoint Numa and the Romano Family support SickKids Foundation's mission to improve health outcomes for children in Canada and globally.

Scale indicators5 records

Recent moves6 records

Expansion highlights6 records

Broad incumbents

• The Related Companies: Related Companies is one of the largest US developers, with extensive mixed-use, affordable housing, and master-planned community developments including Hudson Yards and CityCenterDC. Comparable to Castlepoint in mixed-use and affordable housing development expertise, though Related operates at much larger scale.
• Brookfield Property Partners: Brookfield Property Partners is a global real estate operator with significant Toronto presence (including Brookfield Place) and large-scale mixed-use, office, and multifamily developments worldwide. Comparable to Castlepoint as a Toronto mixed-use developer, though at vastly larger scale and with a broader asset class mandate.

Direct peers

• Hullmark Developments: Hullmark is a Toronto-based developer focused on boutique condominium, commercial, and mixed-use projects in urban locations, often involving heritage and infill sites. Comparable to Castlepoint as a Toronto boutique developer with heritage/adaptive reuse expertise and similar project scale.
• Pemberton Group: Pemberton Group is a Toronto-based developer of luxury condominium communities and master-planned neighborhoods across the GTA. Comparable to Castlepoint as a Toronto-focused residential and mixed-use developer with similar project size and urban infill focus.
• Tridel: Tridel is one of Canada's largest residential developers, headquartered in Toronto with a 90+ year track record of condominium and master-planned community development across the GTA. Comparable to Castlepoint in Toronto-centric full-cycle residential and mixed-use development, though Tridel operates at significantly larger scale and is more focused on greenfield high-rise condo.
• The Daniels Corporation: Daniels is a Toronto-based developer with a 40+ year history of building residential and mixed-use communities, including partnerships with the City of Toronto on affordable housing (e.g., Regent Park revitalization). Comparable to Castlepoint in community-focused Toronto development with public-private partnership expertise.
• Tribute Communities: Tribute Communities is a Toronto-based developer with 30+ years of experience building condominium, townhome, and master-planned communities across the GTA. Comparable to Castlepoint as a Toronto full-cycle developer with mixed-use and masterplan experience, though Tribute focuses more on residential subdivisions.
• DiamondCorp: DiamondCorp is a Toronto-based developer specializing in mid-rise and high-rise condominium developments in urban infill locations, including heritage districts. Comparable to Castlepoint as a Toronto boutique developer focused on difficult urban infill sites with heritage considerations.
• Menkes Developments: Menkes is a Toronto-based, family-owned full-service real estate company involved in residential high-rise, commercial, industrial, and retail development across the GTA. Comparable to Castlepoint as a Toronto-focused, multi-generational developer with mixed-use and masterplan capabilities, though Menkes has a broader geographic footprint within Ontario.
• Dream Unlimited: Dream Unlimited is a Canadian developer with a portfolio spanning residential, commercial, recreational, and asset management across major Canadian cities including Toronto. Comparable to Castlepoint as a diversified Canadian real estate developer with mixed-use and masterplan projects, though Dream operates at meaningfully larger scale.

Market position

Strengths3 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/castlepointnuma
• LinkedInlinkedin.com/company/castlepoint-numa-inc.
• Instagraminstagram.com/castlepointnuma
• Facebookfacebook.com/castlepointnumainc

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles14 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 Castlepoint Numa