Onni Group

Onni Group is primarily a real estate development company, headquartered in Vancouver. The company has built a variety of residential, commercial, and rental projects across Canada and the United States for various uses.[1] The company started investing in the US in 2010 by acquiring apartment properties in Phoenix.[2] Since its initial investments in the US, the Onni Group has become one of LA's biggest developers.[3]

Onni Group
TypePrivate
IndustryReal estate development
Founded1965 (1965)
FounderInno De Cotiis
Headquarters
Vancouver, British Columbia
,
Canada
Websiteonni.com

Projects

United States

Other properties

Criticism

Onni was fined $24,000 by the City of Vancouver in May 2017 for the operation of illegal short-term rentals at The Level, located at 1022 Seymour Street, despite warnings from the city that date back over a year.[8]

In 2016 Onni were ordered to pay back $1.5 million to the City of Vancouver. An investigation found that City staff approved the DCL waiver for the Charleson Project in error.[9]

References
  1. "Company Overview of Onni Group of Companies Ltd". Bloomberg. Retrieved November 14, 2017.
  2. Maidenberg, Micah (May 29, 2014). "Onni's Chicago deals keep Vancouver native busy". Crain's Chicago Business. Retrieved February 18, 2020.
  3. Hoberman, Natalie (February 8, 2019). "Onni Group has become one of LA's biggest developers. Has it moved too far too fast?". TheRealDeal. Retrieved February 18, 2020.
  4. Bhatt, Sanjay (November 19, 2013). "Developer proposes 4 residential towers in SLU". The Seattle Times. Archived from the original on October 11, 2016. Retrieved November 14, 2017.
  5. Vincent, Roger (December 9, 2016). "Developer details high-rise residential, retail plans for historic L.A. Times property". The Los Angeles Times. Retrieved November 14, 2017.
  6. DeMay, Daniel (April 22, 2016). "Historic downtown building sold for $30 million". Seattle Post-Intelligencer. Retrieved November 14, 2017.
  7. Khashimova Long, Katherine (May 30, 2020). "Big developer backs out of $25M South Lake Union land deal, blaming coronavirus downturn". The Seattle Times. Retrieved May 30, 2020.
  8. http://www.cbc.ca/news/canada/british-columbia/vancouver-developer-fined-for-running-short-term-rentals-1.4124531
  9. http://vancouver.ca/news-calendar/city-releases-its-findings-on-dcl-waiver-issue.aspx
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