By Staff
September 9th, 2022
BURLINGTON, ON
In an earlier edition of the following story Adam Reiterowski, is named as an officer of the company. He was never an officer and worked for the ADI Development Group for just four weeks in 2021 after which he resigned.
Controversial when it was approved – more so when the ADI Development Group began trying to back out of sales agreements.
Adi Development Group, a Burlington-based condo builder, is the first-ever recipient of a Notice of Proposal to revoke a licence from the The Home Construction Regulatory Authority (HCRA), the regulatory entity that oversees the new construction industry.
In a public filing made to the attention of Tariq Adi and Daniela Toma, the HCRA’s Registrar is calling for the revocation of building licences of six of the umbrella group’s nine entities for violations under the New Home Construction Licencing Act (NHCLA).
The regulator is also proposing amendments to the licences for the remaining three — Adi Developments (Lakeshore) Inc., Adi Developments (Thomas Alton) Inc., and 4880 Valera Road — to allow them to complete ongoing development projects to “avoid putting purchasers at further risk by cancelling these projects mid-construction.”
The ongoing projects in question are The Nautique Lakefront Residences located at 364 Martha Street, Realm Condominiums at 4853 Thomas Altona Boulevard, and The Valera, at 4880 Valera Road, all in Burlington.
“Adi Development Group has demonstrated, through the conduct of its related entities and interested persons, that its corporations should not be licenced builders or vendors under the NHCLA,” states the filing.
Bob Aaron, real estate lawyer at Aaron & Aaron Barristers and Solicitors, tells STOREYS that this is the first such act of enforcement made by the HCRA since its formation as a standalone regulator outside of Tarion in 2021. The inability of Adi to obtain an HCRA licence (formerly a Tarion Registration) essentially shuts them down, barring their ability to vend or build any new projects.
More background later in the day.
Buyers were not told we had to wait for them to resell . We were told we would get our money in ten days ! Still waiting ….
Penny, that is a great question. If an impaired driver has their lincense revoked for a set period of time after an infraction, why should the same standard be applied to anyone who does not follow the rules?
For those of us who are dealing with construction noise, early starts and piercing lighting associated with this project this comes as no surprise. It is also not surprising considering the increase in price that was requested by those who had purchased pre-construction units in Nautique. This happened in March 2022.
What did come as a surprise was the statement that was included in this report that as of the end of June of the 174 owners who had decided to cancel their sale only 27 owners had received their deposit back, because “THE UNITS HAD TO BE RESOLD” prior to the original owner getting their deposit back.
Talk about wanting to have their cake and eat it also. It wasn’t that these buyers wanted to cancel the sale of their units, it was simply impossible for them to pay the new price which amounted to hundreds of thousands of dollars for some.
Residents living around the ADI construction site, after sending photos and letters illustrating what was happening were ignored by the City’s Construction Management Department.
Does the city have the ability to shut down a construction site for a few days when developers fail to follow the rules set out by the city?
About time!
Why is the city of Burlingtons Construction Management Department ignoring the concerns of the neighbouring residents when issues are brought forward. Sounds like the City is afraid of ADI Construction.