Steven Martin

Partner

Steven Martin

Steven Martin

Partner

Bar Admissions
  • Ontario, 2001

“Brilliant real estate development lawyer.”
Chambers Canada 2017

Clients value Steven’s “pragmatic” approach to their matters – whether it is a commercial real estate transaction or a large infrastructure development project. As one client stated, “He is a business lawyer that looks for solutions with the client.” (Chambers Global 2016)

He advises on a broad range of commercial real estate transactions, including purchase and sale transactions, sale-leasebacks, commercial leasing, joint ventures, development of major commercial and residential projects, and real estate financings. His real estate clients include developers, pension funds, retailers, REITs and other institutional investors.

Over the last decade, Steven has gained substantial expertise in advising on large infrastructure projects, including public-private partnerships. As lead counsel, Steven has acted for clients on numerous successful P3 bids in industries as diverse as transportation, maintenance facilities, hospitals, social infrastructure, wastewater treatment facilities and driver examination centres.

Steven Martin

Partner

“Brilliant real estate development lawyer.”
Chambers Canada 2017

Clients value Steven’s “pragmatic” approach to their matters – whether it is a commercial real estate transaction or a large infrastructure development project. As one client stated, “He is a business lawyer that looks for solutions with the client.” (Chambers Global 2016)

He advises on a broad range of commercial real estate transactions, including purchase and sale transactions, sale-leasebacks, commercial leasing, joint ventures, development of major commercial and residential projects, and real estate financings. His real estate clients include developers, pension funds, retailers, REITs and other institutional investors.

Over the last decade, Steven has gained substantial expertise in advising on large infrastructure projects, including public-private partnerships. As lead counsel, Steven has acted for clients on numerous successful P3 bids in industries as diverse as transportation, maintenance facilities, hospitals, social infrastructure, wastewater treatment facilities and driver examination centres.

Graywood Group

Acting for the Graywood Group with the acquisition and development of Fish Creek Exchange in Calgary, Alberta, which is a new community consisting of mid-rise mixed-use buildings and townhomes.

Graywood Group

Acting for the Graywood Group on the formation of a 50/50 joint venture for the development of a 47-storey condominium tower to be located at the corner of Peter and Adelaide in Toronto, Ontario, which will contain 695 residences and ground level retail.

SmartREIT

Acted for SmartREIT in its $1.1-billion acquisition with Strathallen Acquisitions Inc. of OneREIT.

Penguin Investments Inc. (formerly SmartCentres Realty Inc.)

Acting for Penguin Investments Inc. (formerly SmartCentres Realty Inc.) in connection with the multi-billion dollar development of the Vaughan Metropolitan Centre - a planned downtown for the City of Vaughan of almost 6 million square feet. This is one of the most important master planned communities in Canada - a transit-rich, high-density, fully urban, mixed-use community being built in the suburbs of Toronto.

Plenary Health Phase 1C LP

Acted as lead transaction counsel for Plenary Health Phase 1C LP in connection with its approximately $685-million fixed-price contract to design, build, finance and maintain the Centre for Addiction and Mental Health (CAMH) Phase 1C redevelopment project in Toronto, Ontario. The redevelopment project will see the construction of approximately 655,000 square feet of new build space contained in two modern buildings along Queen Street West in Toronto. The project is expected to achieve a Leadership in Energy and Environmental Design (LEED) Gold certification for design excellence and sustainability.

Mitchell Goldhar, SmartCentres and Walmart

Acted for Mitchell Goldhar, SmartCentres and Walmart in connection with the sale of the SmartCentres platform to Calloway REIT for $1.16 billion.

Plenary Group

Acted for Plenary Health Milton LP, which was awarded a contract by Halton Healthcare to expand and maintain the Milton District Hospital, a $512-million project located in Milton, Ontario.

Plenary Group

Acted for Plenary Infrastructure ERMF GP, which was awarded a contract by Metrolinx to design, build, finance and maintain the new East Rail Maintenance Facility, a $859.2-million project located in Whitby, Ontario.

Plenary Health Swift Current Limited Partnership

Acted for Plenary Health Swift Current Limited Partnership, which was awarded a contract by the Cypress Regional Health Authority to design, build, finance and maintain the new Swift Current Long Term Care Centre, a $108.5-million project located in Swift Current, Saskatchewan.

Spear Street Capital, LLC

Acted for Spear Street Capital, LLC in connection with its $305-million purchase of the majority of BlackBerry Limited's real estate holdings in Canada, including its global headquarters in Waterloo, Ontario. BlackBerry sold more than 3 million square feet of space as well as vacant lands, and leased back a portion of the space.

Redbourne Realty Fund

Acted for Redbourne Realty Fund in connection with its $228-million sale of a portfolio of 11 office properties in the Greater Toronto Area and in Montréal which represent a total leasable area of approximately 1.2-million square feet.

The Cadillac Fairview Corporation Limited

Acted for The Cadillac Fairview Corporation Limited in connection with its $650-million purchase of the Hudson's Bay downtown Toronto flagship retail complex and the Simpson's Tower located at 401 Bay Street. HBC will lease the entire retail and office complex back for a base term of 25 years with renewal options for a term of just under 50 years.

Cadillac Fairview Corporation Limited

Acted for The Cadillac Fairview Corporation Limited in connection with the full surrender by Sears Canada Inc. of its leases at four shopping centres, and the partial surrender by Sears of its lease at a fifth shopping centre, for a total consideration of $400 million.

Wal-Mart Canada Realty Inc. and SmartCentres Realty Inc.

Acted for Wal-Mart Canada Realty Inc. and SmartCentres Realty Inc. in connection with the sale of one shopping centre located in Ontario and one shopping centre located in British Columbia to Retrocom Real Estate Investment Trust and its affiliates for approximately $61 million.

Wal-Mart Canada Realty Inc. and SmartCentres Realty Inc.

Acted for Wal-Mart Canada Realty Inc. and SmartCentres Realty Inc. in connection with the sale of four shopping centres located in Ontario to Calloway Real Estate Investment Trust and its affiliates for approximately $232 million.

Plenary Properties DES LP

Acted for Plenary Properties DES LP which was awarded a 10-year contract to provide Driver Examination Services for the Ontario Ministry of Transportation.

Redbourne Realty Fund

Acted for Redbourne Realty Fund in connection with its sale of the Madison Centre in Toronto to Northam Properties Inc.

Plenary Health

Acted for Plenary Health which led the successful consortium for the design, build, finance and operation of the new Niagara Health System project. The Niagara Health System project reached financial close on March 27, 2009. The project is an Alternative Financing and Procurement ("AFP") project for the design, build, finance and maintenance aspects of a greenfield 970,000 square foot hospital and cancer centre in St. Catharines, Ontario. Payments to cover construction, building maintenance, lifecycle repair and renewal and project financing will be made on an availability and performance basis, in a total amount of $1.42 billion over 30 years, or a net present value of $759 million. This project was awarded the 2009 Americas Social Infrastructure Deal of the Year by Project Finance magazine, 2009 Award of Merit for Project Financing by the Canadian Council for Public-Private Partnerships and, since 2010, has been included annually on ReNew Canada's Top 100 Canada's Biggest Infrastructure Projects list.

Plenary Group

Acted for Plenary Health which led the successful consortium for the design, build, finance and maintenance of the new Bridgepoint Hospital, replacing the existing facility. The Bridgepoint Health project reached financial close on August 12, 2009.

Meridiam Infrastructure, Bouygues Travaux Publics and Transfield Services Ltd.

Acted for the Miami Access Tunnel consortium, comprised of Meridiam Infrastructure, Bouygues Travaux Publics and Transfield Services Ltd. for the design, build, finance, operation and maintenance of the US$1.3 billion greenfield Port of Miami Tunnel project. Davies also acted as lead counsel for the consortium on the financing of the Project, with the senior debt financing of US$340 million being provided through a club of 10 international banks and the subordinated debt financing of US$341 million being provided as a 35-year fixed rate loan by the United States Department of Transportation under the federal TIFIA (Transportation Infrastructure Finance and Innovation Act of 1998) program. This project was awarded the 2009 Global PPP Deal of the Year by Project Finance magazine and the 2009 Americas PPP Deal of the Year by each of Project Finance International and Project Finance magazine.

Chambers Canada: Canada’s Leading Lawyers for Business—Real Estate: Ontario

Report on Business/Lexpert Special Edition Canada’s Leading Infrastructure Lawyers

The Canadian Legal Lexpert Directory—Infrastructure Law; Project Finance; Property Development

The Best Lawyers in Canada—Project Finance Law; Real Estate Law

Who’s Who Legal: Canada—Real Estate (Most Highly Regarded); Who’s Who Legal: Real Estate

Expert Guides—Real Estate

Bar Admissions

Ontario, 2001

Education

University of Western Ontario, LLB (Gold Medallist), 1999
Wilfrid Laurier University, BA (Honours), 1995

“Brilliant real estate development lawyer.”
Chambers Canada 2017

Clients value Steven’s “pragmatic” approach to their matters – whether it is a commercial real estate transaction or a large infrastructure development project. As one client stated, “He is a business lawyer that looks for solutions with the client.” (Chambers Global 2016)

He advises on a broad range of commercial real estate transactions, including purchase and sale transactions, sale-leasebacks, commercial leasing, joint ventures, development of major commercial and residential projects, and real estate financings. His real estate clients include developers, pension funds, retailers, REITs and other institutional investors.

Over the last decade, Steven has gained substantial expertise in advising on large infrastructure projects, including public-private partnerships. As lead counsel, Steven has acted for clients on numerous successful P3 bids in industries as diverse as transportation, maintenance facilities, hospitals, social infrastructure, wastewater treatment facilities and driver examination centres.

Graywood Group

Acting for the Graywood Group with the acquisition and development of Fish Creek Exchange in Calgary, Alberta, which is a new community consisting of mid-rise mixed-use buildings and townhomes.

Graywood Group

Acting for the Graywood Group on the formation of a 50/50 joint venture for the development of a 47-storey condominium tower to be located at the corner of Peter and Adelaide in Toronto, Ontario, which will contain 695 residences and ground level retail.

SmartREIT

Acted for SmartREIT in its $1.1-billion acquisition with Strathallen Acquisitions Inc. of OneREIT.

Penguin Investments Inc. (formerly SmartCentres Realty Inc.)

Acting for Penguin Investments Inc. (formerly SmartCentres Realty Inc.) in connection with the multi-billion dollar development of the Vaughan Metropolitan Centre - a planned downtown for the City of Vaughan of almost 6 million square feet. This is one of the most important master planned communities in Canada - a transit-rich, high-density, fully urban, mixed-use community being built in the suburbs of Toronto.

Plenary Health Phase 1C LP

Acted as lead transaction counsel for Plenary Health Phase 1C LP in connection with its approximately $685-million fixed-price contract to design, build, finance and maintain the Centre for Addiction and Mental Health (CAMH) Phase 1C redevelopment project in Toronto, Ontario. The redevelopment project will see the construction of approximately 655,000 square feet of new build space contained in two modern buildings along Queen Street West in Toronto. The project is expected to achieve a Leadership in Energy and Environmental Design (LEED) Gold certification for design excellence and sustainability.

Mitchell Goldhar, SmartCentres and Walmart

Acted for Mitchell Goldhar, SmartCentres and Walmart in connection with the sale of the SmartCentres platform to Calloway REIT for $1.16 billion.

Plenary Group

Acted for Plenary Health Milton LP, which was awarded a contract by Halton Healthcare to expand and maintain the Milton District Hospital, a $512-million project located in Milton, Ontario.

Plenary Group

Acted for Plenary Infrastructure ERMF GP, which was awarded a contract by Metrolinx to design, build, finance and maintain the new East Rail Maintenance Facility, a $859.2-million project located in Whitby, Ontario.

Plenary Health Swift Current Limited Partnership

Acted for Plenary Health Swift Current Limited Partnership, which was awarded a contract by the Cypress Regional Health Authority to design, build, finance and maintain the new Swift Current Long Term Care Centre, a $108.5-million project located in Swift Current, Saskatchewan.

Spear Street Capital, LLC

Acted for Spear Street Capital, LLC in connection with its $305-million purchase of the majority of BlackBerry Limited's real estate holdings in Canada, including its global headquarters in Waterloo, Ontario. BlackBerry sold more than 3 million square feet of space as well as vacant lands, and leased back a portion of the space.

Redbourne Realty Fund

Acted for Redbourne Realty Fund in connection with its $228-million sale of a portfolio of 11 office properties in the Greater Toronto Area and in Montréal which represent a total leasable area of approximately 1.2-million square feet.

The Cadillac Fairview Corporation Limited

Acted for The Cadillac Fairview Corporation Limited in connection with its $650-million purchase of the Hudson's Bay downtown Toronto flagship retail complex and the Simpson's Tower located at 401 Bay Street. HBC will lease the entire retail and office complex back for a base term of 25 years with renewal options for a term of just under 50 years.

Cadillac Fairview Corporation Limited

Acted for The Cadillac Fairview Corporation Limited in connection with the full surrender by Sears Canada Inc. of its leases at four shopping centres, and the partial surrender by Sears of its lease at a fifth shopping centre, for a total consideration of $400 million.

Wal-Mart Canada Realty Inc. and SmartCentres Realty Inc.

Acted for Wal-Mart Canada Realty Inc. and SmartCentres Realty Inc. in connection with the sale of one shopping centre located in Ontario and one shopping centre located in British Columbia to Retrocom Real Estate Investment Trust and its affiliates for approximately $61 million.

Wal-Mart Canada Realty Inc. and SmartCentres Realty Inc.

Acted for Wal-Mart Canada Realty Inc. and SmartCentres Realty Inc. in connection with the sale of four shopping centres located in Ontario to Calloway Real Estate Investment Trust and its affiliates for approximately $232 million.

Plenary Properties DES LP

Acted for Plenary Properties DES LP which was awarded a 10-year contract to provide Driver Examination Services for the Ontario Ministry of Transportation.

Redbourne Realty Fund

Acted for Redbourne Realty Fund in connection with its sale of the Madison Centre in Toronto to Northam Properties Inc.

Plenary Health

Acted for Plenary Health which led the successful consortium for the design, build, finance and operation of the new Niagara Health System project. The Niagara Health System project reached financial close on March 27, 2009. The project is an Alternative Financing and Procurement ("AFP") project for the design, build, finance and maintenance aspects of a greenfield 970,000 square foot hospital and cancer centre in St. Catharines, Ontario. Payments to cover construction, building maintenance, lifecycle repair and renewal and project financing will be made on an availability and performance basis, in a total amount of $1.42 billion over 30 years, or a net present value of $759 million. This project was awarded the 2009 Americas Social Infrastructure Deal of the Year by Project Finance magazine, 2009 Award of Merit for Project Financing by the Canadian Council for Public-Private Partnerships and, since 2010, has been included annually on ReNew Canada's Top 100 Canada's Biggest Infrastructure Projects list.

Plenary Group

Acted for Plenary Health which led the successful consortium for the design, build, finance and maintenance of the new Bridgepoint Hospital, replacing the existing facility. The Bridgepoint Health project reached financial close on August 12, 2009.

Meridiam Infrastructure, Bouygues Travaux Publics and Transfield Services Ltd.

Acted for the Miami Access Tunnel consortium, comprised of Meridiam Infrastructure, Bouygues Travaux Publics and Transfield Services Ltd. for the design, build, finance, operation and maintenance of the US$1.3 billion greenfield Port of Miami Tunnel project. Davies also acted as lead counsel for the consortium on the financing of the Project, with the senior debt financing of US$340 million being provided through a club of 10 international banks and the subordinated debt financing of US$341 million being provided as a 35-year fixed rate loan by the United States Department of Transportation under the federal TIFIA (Transportation Infrastructure Finance and Innovation Act of 1998) program. This project was awarded the 2009 Global PPP Deal of the Year by Project Finance magazine and the 2009 Americas PPP Deal of the Year by each of Project Finance International and Project Finance magazine.

Chambers Canada: Canada’s Leading Lawyers for Business—Real Estate: Ontario

Report on Business/Lexpert Special Edition Canada’s Leading Infrastructure Lawyers

The Canadian Legal Lexpert Directory—Infrastructure Law; Project Finance; Property Development

The Best Lawyers in Canada—Project Finance Law; Real Estate Law

Who’s Who Legal: Canada—Real Estate (Most Highly Regarded); Who’s Who Legal: Real Estate

Expert Guides—Real Estate

Bar Admissions

Ontario, 2001

Education

University of Western Ontario, LLB (Gold Medallist), 1999
Wilfrid Laurier University, BA (Honours), 1995