About Us

For over seventy (70) years, the Tower Hill Group of companies have been changing the face of Toronto. The companies are driven by innovative architecture and a tremendous work ethic that focuses on every detail of each project. As a result, Tower Hill had produced some of the most exceptional developments in Toronto. Classic structures have become iconic neighbourhood features and have retained their cachet over the years.

Since 2000, Tower Hill has diversified its business model so it now has two main business groups – Real Estate and Alternative Investments. Alternative Investments are comprised of our Corporate Equity, Mortgage Investments and Capital Market Investments. In the Real Estate group Tower Hill has four business silos – Land Development, Home Building, Condominium Development, and Rental Apartments.

Tower Hill Development Corporation has a clear mission statement: “To continue the family’s tradition of providing a unique luxury living experience for each of its residents.”

The firm and its staff are sensitive to the needs of all their residents and constantly strive to provide the extraordinary in every aspect of the company’s service and operations. Quality not quantity has been the company’s primary focus since it was founded, through the achieving and the maintaining of the highest standards in the industry.

COMPANY HISTORY

Tower Hill Development Corporation is a family-owned, private real estate company, established over seven decades ago.
In the early 1940s, the company had a vision to create luxury real estate communities for the City of Toronto. At the time, the firm acquired, developed, constructed, marketed and managed a portfolio of single family home projects and residential apartments. From these roots, it expanded into high-rise condominium, retail and hotel developments.
Over the last seventy years, the company’s principals have developed some of the most architecturally innovative and admired projects in Toronto. Among the early projects were:

Garden Court Apartments on Bayview Avenue
Park Terrace Apartments on Yonge Street at Lawrence Avenue West
Tower Hill Apartments on Spadina Road at St. Clair Avenue
Balfour Square Apartments on Yonge Street at St. Clair Avenue
Park Plaza Hotel (formerly) on University Avenue at Bloor Street
Churchill Park Condominiums on Spadina Road at St. Clair Avenue West

With each project, the owners built on their reputation as a responsible, reliable company, committed to servicing the needs of residents and the continuing care of its buildings. This history and reputation have provided it with the foundation for its continued long term success.
Tower Hill Development Corporation continues to build and improve neighbourhoods throughout Toronto, for the residents of its buildings, as well as for the greater community. In each of its developments Tower Hill Development Corporation remains sensitive to the need to preserve the environment, improve the existing infrastructure and enhance the beauty of the City.

RECENT PROJECTS

Tower Hill has just completed three projects valued at over $100 million in development and re-development costs which generated over $170 million in revenue. The projects featured new upscale condominiums which have been built at key sites in Toronto’s most prestigious neighbourhoods.

The first such community, located on Lawrence Avenue at Rosewell Avenue (near Avenue Road) consisted of one 88-unit luxury rental building and four mid-rise condominium buildings comprising 338 condominium units.

The second project, located on Pleasant Boulevard (one block South of the Yonge Street and St. Clair Avenue West intersection) was an upscale 32-unit Stacked Townhouse Project. This 42,239 square foot project consisted of two story, split level two bedroom townhouses.

The third project was The Churchill Park luxury condominium in the heart of Forest Hill on Spadina Road at St. Clair Avenue West. This 101,119 square foot luxury condominium consisted of only 43 luxurious suites, with interiors designed by the world famous interior designer, Katherine Newman.

Beyond the company’s luxury condominium projects, it is also currently developing a major new subdivision in Pickering, Ontario. This master planned community will be the new home to approximately 70,000 people. Tower Hill will be developing, building and selling approximately 3,000 homes as part of this community.

In all its endeavours, Tower Hill Development Corporation remains dedicated to creating exceptional residential communities which set new standards of excellence.

PRESIDENT – Robert Marvin Masters, Q.C.
Robert Marvin Masters Q.C. was appointed to the Queen’s Counsel in 1968. Robert M. Masters Q.C. is an expert in all areas of real estate law with a particular focus on commercial leasing. Currently, Robert works with his sons in their real estate development business. The company builds and sells luxury condominiums and single-family homes in the Greater Toronto Area. Randolph along with his father and brother is actively involved in all aspects of the family business which includes land development, rental apartment construction, condominium development and house building.

VICE-PRESIDENT – Randolph Jay Masters
Randolph Jay Masters was called to the Ontario bar in 1985. Randy practiced real estate law for nearly 20 years before joining his brother and father in their real estate development business. The company builds and sells luxury condominiums and single-family homes in the Greater Toronto Area. Randolph along with his father and brother is actively involved in all aspects of the family business which includes land development, rental apartment construction, condominium development and house building.
Randy is currently the President of the Toronto Chapter Hebrew University, director of Dream CMCC (a mortgage and real estate investment corporation), as well as an active member of Law Society of Upper Canada, Building Industry and Land Development Association, Greater Toronto Home Builders Association, and Greater Toronto Apartment Association.

VICE-PRESIDENT – Russell Reid Masters
Russell Reid Masters was called to the Ontario bar in 1988. Russell practiced commercial real estate for 12 years at Blake, Cassels & Graydon LLP (one of Canada’s largest law firms) and then continued his practice at the boutique law firm of Aylesworth, Thompson, Phelan & O’Brien. Russell joined his brother and father in their real estate development business in 2000. The company builds and sells luxury condominiums and single-family homes in the Greater Toronto Area. Russell along with his father and brother is actively involved in all aspects of the family business which includes land development, rental apartment construction, condominium development and house building.