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‘It still blows me away.’ Meet the accidental developer leading the charge of ÎÚÑ»´«Ã½’s massive city-within-a-city at Downsview

With 400 acres to work with, Northcrest Developments CEO Derek Goring is “excited about its potential,” and says his experience in public and private realms will serve him well in the $30B project. 

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“Downsview wasn’t really on my radar,” Northcrest Developments CEO Derek Goring says. “But the more I learned about it, the more excited I got.”


It’s not every day that you get to develop nearly 400 acres of land in the middle of a major city — and Derek Goring intends to make the most of the opportunity.

In 2018, the Public Sector Pension Investment Board bought the airfield and manufacturing site at Downsview from Bombardier for $816 million, and established Northcrest Developments to build communities on that land soon after, installing Goring as CEO in May of 2023.

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Jared Lindzon

Jared Lindzon is a ÎÚÑ»´«Ã½-based freelance journalist, public speaker and contributor for the Star's Business section. Reach him on X:

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