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  • Cameron Development Corporation: Real Estate Development Built on Family Values

    Cameron Development Corporation has developed over 8 million square feet of commercial property in Edmonton and area, and it all started 35 years ago with a couple who saw an opportunity

    and took a risk.

    By Nerissa McNaughton

    57

  • Jerry (Javaid) Naqvi has always had an ability to see opportunities, so when a kind and generous young woman working at the Army and Navy boutique sold him a shirt, he knew he found something special and it wasnt the shirt. The woman, Henrietta, became his wife. The cou-ple would later go on to found Camtina Developments Ltd. and Camrose Developments Ltd. As a close-knit family, the names paid tribute to the couples three children, Tina, Cameron and Rosalynn. In the mid-1990s, the companies amalgamated into Cameron Development Corporation.

    The story of one of Edmontons most successful development corpora-tions started in 1964, when Mr. Naqvi arrived in Canada on an engineering scholarship, but upon graduating, jobs in his field were scarce. The family man started selling homes, and by the mid-70s he became the vice presi-dent of development at Allarco Developments Ltd. His mentor at Allarco was Dr. Charles Allard, whose contributions to Edmonton still continue today through the Allard family.

    Some shy away when opportunity knocks, but that was never Jerrys, nor Henriettas style. Learning from the best in the industry, along with hard work and a solid education, led to the decision to venture out on his own. On April 1, 1980, the company opened its doors with Jerry and two other employees as the only staff. Opening, ironically, on April Fools day in the 80s real estate market meant many difficult challenges, but true to form the Naqvis used those challenges as opportunities. By the time the real estate market improved in the early to mid-90s, Cameron Development Corpora-tion was firmly established in Edmonton and well on its way to success.

    In 2002, Cameron entered the home building market and built its first home, the Alyssa Ashley (named after a granddaughter), under the Cameron Homes banner.

    3 5 Y E A R S C A M E R O N D E V E L O P M E N T C O R P O R A T I O N P A G E 2 3 5 Y E A R S C A M E R O N D E V E L O P M E N T C O R P O R A T I O N P A G E 3

    Some shy away when opportunity

    knocks, but that was never Jerrys,

    nor Henriettas style. Learning from the

    best in the industry, along with hard work and a solid

    education, led to the decision to venture

    out on his own.

    CAMERONDEVELOPMENT CORPORATION

    Cameron Development Corporation Management Team.

  • Jerry (Javaid) Naqvi has always had an ability to see opportunities, so when a kind and generous young woman working at the Army and Navy boutique sold him a shirt, he knew he found something special and it wasnt the shirt. The woman, Henrietta, became his wife. The cou-ple would later go on to found Camtina Developments Ltd. and Camrose Developments Ltd. As a close-knit family, the names paid tribute to the couples three children, Tina, Cameron and Rosalynn. In the mid-1990s, the companies amalgamated into Cameron Development Corporation.

    The story of one of Edmontons most successful development corpora-tions started in 1964, when Mr. Naqvi arrived in Canada on an engineering scholarship, but upon graduating, jobs in his field were scarce. The family man started selling homes, and by the mid-70s he became the vice presi-dent of development at Allarco Developments Ltd. His mentor at Allarco was Dr. Charles Allard, whose contributions to Edmonton still continue today through the Allard family.

    Some shy away when opportunity knocks, but that was never Jerrys, nor Henriettas style. Learning from the best in the industry, along with hard work and a solid education, led to the decision to venture out on his own. On April 1, 1980, the company opened its doors with Jerry and two other employees as the only staff. Opening, ironically, on April Fools day in the 80s real estate market meant many difficult challenges, but true to form the Naqvis used those challenges as opportunities. By the time the real estate market improved in the early to mid-90s, Cameron Development Corpora-tion was firmly established in Edmonton and well on its way to success.

    In 2002, Cameron entered the home building market and built its first home, the Alyssa Ashley (named after a granddaughter), under the Cameron Homes banner.

    3 5 Y E A R S C A M E R O N D E V E L O P M E N T C O R P O R A T I O N P A G E 2 3 5 Y E A R S C A M E R O N D E V E L O P M E N T C O R P O R A T I O N P A G E 3

    Some shy away when opportunity

    knocks, but that was never Jerrys,

    nor Henriettas style. Learning from the

    best in the industry, along with hard work and a solid

    education, led to the decision to venture

    out on his own.

    CAMERONDEVELOPMENT CORPORATION

    Cameron Development Corporation Management Team.

    CONGRATULATIONS CAMERON DEVELOPMENTS 35 YEARS

    IN THE INDUSTRY!ON

    The Carrington Group of Companies pioneered the

    concept of affordable luxury, surpassing expectations for

    design and quality.

    Our Mission is:

    To design, build, and market communities incorporating the

    newest technology with unsurpassed quality and

    service at affordable prices to create lasting value for

    our clients.

    CARRINGTON CORPORATE4075-106 Street NWEdmonton, Alberta

    T6J 7H3

    T 780.439.5000 | F 780.489.1300

    Visit us online atcarrington.ca

    3 5 Y E A R S C A M E R O N D E V E L O P M E N T C O R P O R A T I O N P A G E 2 3 5 Y E A R S C A M E R O N D E V E L O P M E N T C O R P O R A T I O N P A G E 3

    Cameron Development Corporation Management Team.

  • In 2011, the land development division, Cameron Commu-nities Inc. (CCI), was formed, managed by Mr. Laurie Scott.

    In 2014, a multi-family division, Cameron Lifestyles, en-tered the market, managed by Mr. Amit Shah.

    Today, Cameron is one of the most active development companies in the Alberta market with over eight million square feet of completed and active projects; is multi-faceted with investments in commercial, retail, land development, home building and multi-family; and with both office and industrial opportunities on the horizon.

    Cameron designs, develops owns and manages all of its assets, either for itself or jointly with various partners. Long-term holding of assets and strategic partnerships have always been the impetus. Some of the Corporations many partners include the Allard family, MLC Land Corporation, Grosvenor Group, Harvard Developments Inc., Delcon Development Group Ltd., Maclab Enterprises, Landmark Homes, Daytona Group, Beaverbrook Canadian Real Estate Investment Trust (CREIT), Alberta Investment Management Corporation (AIMco), and the Ontario Pension Board.

    After coming through the major economic downturn of the 80s, in 1996 Jerry had a vision to take a 320-acre field on the south side of Edmonton and endeavour to turn it into a viable commercial retail development, explains Tina Naqvi-Rota, president of Cameron Development Corpora-tion. The initial opportunity to create the development came about when Cameron purchased the subject lands from Ca-nadian Pacific Railway. This coincided with the continued development of new residential communities at Edmontons south edge, and the fact that the Calgary Trail commercial corridor at that time was at capacity, with little opportunity for the new wave of commercial development (big box re-tailers). South Edmonton Common was well situated to meet that ongoing demand.

    With an agreement from Home Depot and Walmart, South Edmonton Commons first tenants signaled the be-ginning of the development. While most thought this to be overly ambitious at the time, today, at over 2.3 million square feet of retail development, we are grateful to say that South Edmonton Common is among the most successful retail power centres in Canada, and one of the largest in North America, says Tina.

    Tina joined the company in 1991 and although none of the children were asked or expected to join the company, son Cameron, executive vice president, Cameron and daughter Rose, vice president, Cameron Homes, also have active roles within the organization; as do sons-in-law, Tony Rota and Darcey Parasynchuk.

    It is interesting to note that our decision to join and con-tinue to be part of the company was not pre-ordained. How-ever, when you grow up in a family business, sometimes it is inevitable that you end up there, whether you intended to or

    3 5 Y E A R S C A M E R O N D E V E L O P M E N T C O R P O R A T I O N P A G E 4

    CONGRATULATIONS TO CAMERON DEVELOPMENT

    - A DURABLE DEVELOPER - FOR 35 YEARS IN BUSINESS!

    DURABILITY DRIVES VALUEA home is your largest investment. You can live in a durable home for much longer with minimal maintenance costs, and enjoy a home that shows little wear and tear. Millimetre precision (from building with cutting edge technology without harsh outdoor weather or human error) combined with unmatched strength (through spray foam insulation and engineered lumber) is key to a durable home.

    5FACTORDURABILITY IS A KEY FACTOR FOR BOTH

    DEVELOPERS AND BUILDERS...

    its whats inside

    Learn about all 7 KEY FACTORS FOR LEADING EDGE HOMES at LandmarkHomes.ca, or by visiting any Landmark Show Home!

    CAMERONDEVELOPMENT CORPORATION

    South Edmonton Common

    Currents of Windermere

    Manning Town Centre

    Hollick Kenyan Shopping Centre

    Southbrook Shopping Centre

    Albany Market Square

    Emerald Hills