Real estate development has been one of the most profitable and dynamic industries worldwide. In Canada, the real estate sector has been a significant contributor to the country’s economy with many individuals and companies involved in the development of residential and commercial properties. However, among the industry’s players, few have the visionary outlook and exceptional business acumen of Andriy Koshmak.
Andriy Koshmak is a Ukrainian-born Canadian real estate developer, entrepreneur, and philanthropist. He is the founder and CEO of DEZER Development. a company specializing in luxury residential and commercial properties in Canada and the United States. Koshmak has over twenty-five years of experience in the real estate industry, having started his career in his early twenties. He has been involved in the development of over 40 residential and commercial projects, totaling over $1 billion in value.
Early Life and Education
Andriy Koshmak was born in Ukraine in 1972. He grew up in a family of engineers and entrepreneurs and was exposed to business principles and practices from a young age. Koshmak’s parents owned a small construction company, and he often accompanied them to construction sites, learning about the industry’s different aspects.
Koshmak received his undergraduate degree in mechanical engineering from the Kyiv Polytechnic Institute in Ukraine. After completing his degree, he worked briefly as an engineer before deciding to pursue his passion for real estate. He moved to Canada in 1995 and began working in the construction industry while attending night classes to study real estate development.
Career in Real Estate Development
Koshmak’s first foray into real estate development was a small project in Toronto, where he bought a rundown house, renovated it, and sold it for a profit. He used the proceeds from the sale to purchase more properties and started to build a small portfolio of residential properties in Toronto.
In the late 1990s, Koshmak formed a partnership with another developer and began working on larger residential projects. They developed several townhouse complexes in the suburbs of Toronto, which were well-received in the market. Koshmak’s attention to detail and focus on high-quality construction earned him a reputation for excellence in the industry.
In 2003, Koshmak founded DEZER Development, which has since become one of the most successful real estate development companies in Canada. DEZER specializes in luxury residential and commercial properties, with a focus on high-rise buildings and mixed-use developments.
DEZER’s first major project was the construction of the Four Seasons Hotel and Private Residences in Toronto, a luxury hotel and residential complex in the city’s downtown core. The project was completed in 2012 and was widely recognized as one of the most prestigious developments in Toronto’s history.
Since then, DEZER has completed several other high-profile projects, including the Massey Tower, a 60-story residential building in downtown Toronto, and the Porsche Design Tower, a luxury residential tower in Sunny Isles Beach, Florida.
Visionary Approach to Real Estate Development
Koshmak’s success in real estate development can be attributed to his visionary approach to the industry. He is always looking for ways to push the boundaries of what is possible in real estate, incorporating innovative designs, technology, and sustainable practices into his projects.
One of Koshmak’s notable achievements is his collaboration with Porsche Design on the Porsche Design Tower. The tower features a unique design that allows residents to park their cars in “sky garages” adjacent to their units, allowing them to admire their cars from their living rooms. This innovative design has since been replicated in other luxury residential buildings worldwide.
Koshmak is also committed to incorporating sustainable practices into his continue
developments, recognizing the importance of environmentally friendly design in the modern world. DEZER’s Massey Tower was one of the first residential buildings in Canada to receive the LEED (Leadership in Energy and Environmental Design) Gold certification, recognizing the building’s commitment to sustainability.
Furthermore, Koshmak’s visionary approach to real estate development extends beyond design and sustainability. He is also committed to creating developments that are not only visually appealing but also enhance the surrounding community’s quality of life. This is evident in DEZER’s mixed-use developments, which incorporate residential, commercial, and retail spaces, creating vibrant and dynamic communities.
Philanthropy and Community Involvement
In addition to his successful real estate career, Andriy Koshmak is also committed to giving back to his community through philanthropic initiatives. He is a founding member of the Ukrainian Canadian Foundation of Taras Shevchenko, a charitable organization that promotes and preserves Ukrainian culture in Canada. The foundation supports various educational, cultural, and community initiatives, including scholarships, arts programs, and community events.
Koshmak is also actively involved in several community organizations, serving on the board of directors for the Ukrainian Canadian Congress and the Ukrainian Canadian Professional and Business Association of Toronto. Through these organizations, he has worked to promote cultural exchange, educational opportunities, and business development between Canada and Ukraine.
Vision and Thought Leading
Andriy Koshmak is a visionary real estate developer, entrepreneur, and philanthropist who has made a significant impact on the Canadian real estate industry. His commitment to innovative design, sustainability, and community enhancement has earned him a reputation as one of the industry’s most successful and respected leaders. Koshmak’s philanthropic efforts and community involvement also reflect his dedication to giving back and promoting cultural exchange and development. As DEZER Development continues to expand its presence in Canada and the United States. Koshmak’s visionary approach to real estate development is sure to leave a lasting legacy in the industry.
