Windmill Development Group has expanded its executive leadership team and picked a new CEO as it enters the next phase of its growth.
Longtime company President Jeremy Reeds assumed the role of CEO, effective immediately, taking over from Jonathan Westeinde, Windmill said. As for Westeinde, who founded the company, is transitioning to the position of executive chair.
Windmill also said it hired Adam Molson, formerly vice president of rental communities and sustainability at The Daniels Corp., as partner of development.
Windmill, with dual head offices in Toronto and Ottawa, has a $5 billion portfolio. The developer said it has a "pipeline of more than 2,200 units across Ontario" the will be ready for construction to commence by year-end.
"There is no sustainability without affordability. More than ever, I'm focused on building strategic long-term partnerships so we can develop communities that positively impact cities and the people who live in them," Westeinde said in a statement.
The company has spent two decades building environmentally sustainable communities and. It’s currently building Hälsa at 230 Royal York that slated to become Toronto's tallest mass-timber residential building, and Kennedy Green at 2444 Eglinton. The latter is the largest co-op housing development in the country in three decades, and the first private-led rezoning of a city of Toronto Housing Now site.