Urbanspace Property Group

Real estate

Toronto, Ontario

Canada

www.urbanspace.org

 

About Urbanspace Property Group

 

Urbanspace Property Group owns and operates two heritage buildings in downtown Toronto, Canada. Urbanspace has been running 401 Richmond Street West for almost 20 years, and the Robertson Building at 215 Spadina Avenue since 2002.

As a social-purpose real estate developer, Urbanspace's initiatives are directed toward the preservation and restoration of historic and architecturally significant spaces with the goal of adaptively reusing these buildings to provide commercial and cultural opportunities for artists, social entrepreneurs and small businesses.

Urbanspace incorporates sustainable building efforts and a commitment to environmentally sound practices in the restoration, operation, and maintenance of all its properties. In its daily practices, Urbanspace proudly demonstrates that the greenest buildings are the ones that already exist.  

Twenty years ago, we created a business model that would reflect our values while turning a profit. At that time, our approach was rare in the world of commercial property development. Today, we are thrilled to be part of a network of corporations that share our belief in the potential for private businesses to create social change and make life and work more meaningful - this is the future! 

The Change We Seek™

 

Guided by the belief that real estate business ventures can be both financially successful and have a social purpose, Urbanspace Property Group revitalizes old buildings to provide inspiring, supportive, and sustainable work spaces for the artists, organizations, innovators, and entrepreneurs who are changing the world. Through below-market and affordable rents, Urbanspace directly subsidizes close to 200 tenants in 300,000 square feet of studio and office space. 20,000 of those square feet are dedicated to the Centre for Social Innovation (CSI), a social enterprise that established a new model for shared workspaces for social innovators. Urbanspace founded and financed CSI for the first year of operation, a departure from the standard tenant/landlord relationship, in an effort to provide the best possible circumstances for its success.  In a time of rampant property development, Urbanspace believes it is crucial to make space in our downtown core for the drivers of our future economy - artists, innovators and entrepreneurs.

To this end, the buildings are intentionally designed to encourage collaboration with generous common areas and accidental meeting spots that are social spaces, places of relaxation, and spots to hatch new ideas. Tenant initiatives are also supported through programming such as events, a newsletter, tours, and outreach that spark internal connections and invite the broader community inside. Through the simple law of proximity, co-located groups have greatly increased opportunities to build partnerships and share resources that help leverage creativity and innovation.

Urbanspace is also dedicated to reducing its impact on the environment. This starts with the preservation and reuse of historic buildings and extends to award-winning green roofs, a biowall, tree planting, and green purchasing of electricity and maintenance supplies. Urbanspace provides facilities to encourage cycling and has been recognized for its efforts by the Bicycle Friendly Business awards and Smart Commute.  

What makes us a better company?

B Impact Report

Certified since: 

December 2012
Summary:

Company Score

Median Score*

Environment

Environment

The Environment section of the Assessment evaluates a company's environmental performance through its facilities; materials, resource, and energy use; and emissions. Where applicable, it also considers a company's transportation/distribution channels and environmental impact of its supply chain. This section also measures whether a company's products or services are designed to solve an environmental issue, including products that aid in the provision of renewable energy, conserve resources, reduce waste, promote land/wildlife conservation, prevent toxic/hazardous substance or pollution, or educate, measure, or consult to solve environmental problems.

21
7
Workers

Workers

The Worker section of the survey assesses the company's relationship with its workforce. This section measures how the company treats its workers through compensation, benefits, training, and ownership opportunities provided to workers. It also focuses on the overall work environment within the company through management/worker communication, job flexibility and corporate culture, and worker health and safety practices.

30
18
Customers

Customers

The Customers section of the Assessment measures the impact a company has on its customers. The section focuses on whether a company sells products or services that promote public benefit, and if those products/services are targeted towards serving underserved populations. Questions in this section will measure whether a company's product or service is designed to solve a social or environmental issue (e.g. improves health, preserves environment or creates economic opportunity to individuals or communities, promotes the arts/sciences, or increases the flow of capital to purpose-driven enterprises).

N/A
N/A
Community

Community

The Community section of the survey assesses a company's impact on its community. The Community section evaluates a company's supplier relations, diversity, and involvement in the local community. The section also measures the company's practices and policies around community service and charitable giving. In addition, this section includes if a company's product or service is designed to solve a social issue, including access to basic services, health, education, economic opportunity, arts, and increasing the flow of capital to purpose-driven enterprises.

30
17
Governance

Governance

The Governance section of the Assessment evaluates a company's accountability and transparency. The section focuses on the company's mission, stakeholder engagement, and overall transparency of the company's practices and policies.

14
6
Overall B Score
95
55

80 out of 200 is eligible for certification

*Of all businesses that have completed the B Impact Assessment

*Median scores will not add up to overall

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