INNOVIA CORPORATION

Your trusted development partner

Innovia turns ideas and opportunities into successful, long-term assets. We think and act like owners, helping our clients and partners select, plan, finance, and build capital projects that meet their goals.

How we think

A Clear Path Forward

Successful projects begin with understanding what the owner is trying to achieve, assessing current market dynamics, identifying risks and opportunities, and defining a clear and practical path forward.

We have deep experience in identifying and evaluating potential investment opportunities; acquiring land or property rights; securing planning approvals; leading consultations with a wide range of stakeholders; developing an appropriate capital structure, including debt, equity, grants and incentives; and establishing the optimal procurement and construction strategy.

Capabilities

What We Do

Project Definition & Feasibility

Concept plans, market studies, feasibility analysis, preliminary budgets, schedules and capital requirements.

Acquisition & Due Diligence

Evaluation of development opportunities, acquisition due diligence and structuring, establishing specifications, ongoing monitoring, and turnover requirements for forward purchases.

Entitlements & Approvals

Planning applications (Official Plan Amendments, Plans of Subdivision, zoning and site plan), design development, coordination with authorities having jurisdiction, and community consultation.

Project Financing

Development of capital requirements and financing strategies, including equity, grants and loans.

Design Management & Procurement

Review of design documents, development of Issued for Tender and Issued for Construction documents, construction contracts tailored to project risks and opportunities, performance security and project insurance, and management of public or private tender processes and contract awards.

Construction Management

Oversight of construction for compliance with contract documents, including budget and schedule tracking, changes, claims, contingency use, quality assurance and control, commissioning, and contract closeout.

Current opportunities

Where We See Opportunity

Affordable Housing & Community Investment

Innovia is applying its development and project-management expertise to help Indigenous communities and non-profit organizations create high-quality, income-producing affordable housing assets.

The current market presents a unique investment opportunity for non-profits. Lower land prices and incentives such as development charge reductions, fee waivers, sales tax rebates, capital grants, and low-cost financing can turn a marginal project into a valuable asset.

For Indigenous communities with long-term investment capital, affordable rental housing can provide housing for members while creating valuable, income-producing assets for future generations.

Project Recovery & Asset Repositioning

Some of the most challenging projects are those that have already gone wrong. Innovia has experience stepping into projects affected by financial distress, construction claims, stalled development, cost escalation or inadequate project controls. We assess the underlying asset, identify what needs to change and develop a practical path to a successful outcome.

Selected experience

Experience That Matters

Architectural rendering of The View Residences affordable rental building
Affordable Housing

The View Residences: 507–511 Kingston Road, Toronto, Ontario

DeveloperNodin of Kanata Affordable HousingInnovia's roleDevelopment Manager

Innovia repositioned a stalled 30-unit luxury condominium into a 90-unit purpose-built rental building, including 30 deeply affordable homes, and secured City of Toronto funding support.

More about this project

Located in Toronto's Upper Beaches, construction on the original condominium began in 2022 and stopped in 2023 as market conditions changed. Innovia was retained to reposition the project.

The revised design accommodates 90 rental units, including 30 deeply affordable units (33% of the total). Rents for the remaining 60 units are capped at 150% of average market rent, and 40% of the homes have two or three bedrooms.

Innovia resolved claims, led the redesign, secured planning approvals, updated construction documents and led a successful application under the City of Toronto's 2025 Capital Funding Call through the Rental Housing Supply Program.

Runnymede Long-Term Care facility in Toronto
Healthcare

Runnymede Long-Term Care: 621 Runnymede Road, Toronto, Ontario

DeveloperRunnymede Healthcare CentreInnovia's roleDevelopment Manager

Innovia led planning, design development, permitting, procurement and construction for a five-storey, 200-bed long-term care facility beside an operating hospital.

More about this project

The facility serves the Parkdale–High Park area and includes 80 private rooms with ensuite washrooms, 120 semi-private rooms with shared washrooms, and central lounges and activity spaces on every floor.

A two-level underground parking garage with 172 spaces is shared with the adjacent hospital. Building amenities include balconies and a ground-floor therapeutic garden. Innovia was engaged from the funding approval stage and led the project through planning, design development, permitting, procurement and construction.

Aerial rendering of The Summit townhouse development beside Fairy Lake
Suburban Residential

The Summit — Phase 1: 119 Town Line Road East, Huntsville, Ontario

DeveloperTrulife Developments Inc.Innovia's roleDevelopment Manager and Construction Manager (Phase 1)

Innovia supported procurement and construction for the first 58 townhouses of a 174-unit development on a steep, heavily treed site fronting Fairy Lake.

More about this project

The 6.85-hectare (16.93-acre) property is characterized by steep slopes and undulating hills, rising approximately 40 to 45 metres from the main entrance on Town Line Road East. Phase 1 comprises 58 townhouse units in five buildings.

Innovia supported the Trulife team with civil-work optimization, design reviews and issuance of construction drawings, procurement of long-lead items, cost control, scheduling and project reporting.

Rendering of the Rail Deck District mixed-use development above Toronto's rail corridor
Urban Mixed-Use Development

ORCA / Rail Deck District: Front Street, Toronto, Ontario

DeveloperCraft Kingsmen Rail Corp.; later with Fengate Asset Management and LiUNAInnovia's roleDevelopment Manager

Innovia led development management for a proposed high-density mixed-use development spanning 16.5 acres of air parcels above the Metrolinx rail corridor.

More about this project

The proposed development extends from Blue Jays Way to Bathurst Street, with the air parcels situated approximately 27 feet (8.2 metres) above the rail corridor. Innovia coordinated technical and financial feasibility work and engaged trade contractors to assess construction means and methods for budgeting.

Following the City's announcement of an alternative Rail Deck Park vision, the development team's Official Plan Amendment was refused and referred to the Ontario Land Tribunal. The matter was resolved at a nine-week hearing, where the development team prevailed.

After LiUNA acquired an interest in the project in 2021, the concept evolved into Rail Deck District. Innovia continued leading development management through revised planning submissions and public consultations.

Aerial view of the Gitchi Animki hydroelectric project Concrete dam and headpond at the Gitchi Animki hydroelectric project
Industrial (Power)

Gitchi Animki Hydro Project: White River, Ontario

DeveloperPic Mobert Hydro Inc. — joint venture between Pic Mobert First Nation and Regional Power Inc.Innovia's roleProject Advisor to Regional Power Inc.

Innovia advised on an 18.9 MW run-of-river hydroelectric project developed through a joint venture between Pic Mobert First Nation and Regional Power.

More about this project

The greenfield project comprises two generation sites, Gitchi Animki Bezhig (Upper) and Gitchi Animki Niizh (Lower), located approximately 10 kilometres apart and about 70 kilometres west of White River, Ontario.

The project also addressed a long-standing community concern by decommissioning the existing White Lake Dam. Lake-level management and flood-control functions were carried out by the new upper site.

Recovery boiler and steam generator installation at the Tembec mill in Temiscaming, Quebec
Industrial (Power)

Recovery Boiler & Steam Generator: 10 Rue Gatineau, Temiscaming, Quebec

DeveloperTembec Inc.Innovia's roleProject Management, Procurement, Cost Control and Document Management

Innovia supported a major mill upgrade that replaced aging boilers and added steam-turbine electricity generation under a 25-year power purchase agreement.

More about this project

Tembec's Temiscaming mill produced dissolving pulp, chemical and bleached-board products. The new chemical recovery boiler replaced three coal-fired boilers nearing end of life and one boiler that had been shut down. Its capacity also drove a steam turbine, generating electricity sold to Hydro-Québec.

Because the work interfaced with many parts of an operating plant, safety and operational continuity were critical. Innovia personnel embedded within the mill coordinated construction activity and supported commissioning and integration of the new equipment with plant automation contractors and consultants.

Leadership

Experience Matters

Innovia was established in 2011 to provide development and project-management services to owners of capital projects.

Temporary headshot of Jim Ilkay

Jim Ilkay

Managing Partner, Development Services

Jim has more than 40 years of experience in the capital projects sector, spanning property development, procurement, construction and turnover to operations. He spent nine years on the senior management team at EllisDon Corporation, including as President of a division, and was previously President of a specialty contractor serving the healthcare market.

Temporary headshot of Stanley Hole

Stanley Hole

Managing Partner, Design & Construction Services

Stanley has more than 30 years of major-project experience, including 25 years with EllisDon Corporation. His experience spans project management, construction management, procurement and major public and private-sector projects in Canada, the United States and the Caribbean.

Innovia Team

Our broader team brings expertise in real estate finance, procurement, project controls and development management across a wide range of projects.

Let's talk

Have an opportunity you are considering?
Have a project that isn't meeting its objectives?

Whether you are an owner considering a new development, an owner with a project that has stalled or fallen short of its targets, or a lender dealing with a troubled project, we'd welcome the opportunity to understand the situation and explore how we might help.

Your message is sent directly to the Innovia team.