
From
her base in Hong Kong, Andrea Eng
conceived the mixed-use development project at 500-550 Queen's Quay West
in Toronto and created the development team for Pacific Century Group's
first and only real estate project in North America. The
original design Bruce Kuwabara and Shirley Bloomberg was intended
to showcase as the 'string of pearls' along the waterfront of
Downtown Toronto in Canada. Due to Andrea's efforts, three
levels of government - federal, provincial, civic, and her lawyers - worked to realign a
road and to beautify the area directly across the street where
Cellist YO-YO
MA opened the park named after him in Toronto across the street
from her project.
As Real Estate Fund Manager for
zillionaire Richard
Li, Andrea Eng developed 500,000 sq ft of luxury
residential on the waterfront of Downtown Toronto at 500 and 550 Queen's
Quay West for Asian billionaire Richard Li. With the
development team she created the footprint - the brown and beige - for the
development on the 2.5 acre site across from an existing marina.
  
This is the view of the public space
created, due to the realignment of Queen's Quay West along Toronto's
Harbourfront area.
 
Not as much detail translated to the
final product in the end, although the product turned out to be still refined.
She fought hard for 8'6" ceiling heights. What does Hong
Kong construction guy know about Torontonian's taste for
housing?! Many Grzzz moments...not what people with think.
Can you imagine an experienced construction fellow proposing reducing the
level of carparks in this location and instead replacing with stacking
equipment so one could place the Land Rover atop the Mercedes 500
S-class. What? No fireplaces? Has Dr. Tong
ever lived in Toronto in the winter time? Hmmm...a lot of
detail people never really think of.
 
This is the courtyard between the two
horseshoe-shaped buildings.
500 & 550 Queen's Quay West was subsequently developed for
the Chief by a different development team who regretfully did not have the same
passion of "Real Estate as Art" .
Still though, the project was one of the most profitable because of the
success of our presales - $78 million raised on first day of
launch. The Chief was pleased with financial outcome of this
project because Andrea acquired the lands at a 'bargain basement
price' - that is Andrea Eng's unique skill - at sleuthing
and deal-finding in places no others would look. Facts
speak for itself. There's no point disputing her gutsy
conviction to turn the drawers to beyond renderings, and a real commitment
and creation of thousand of man years worth of jobs for
Canadians. It turned out to be a winner for the group.
The penthouse was featured on the cover
of Canadian
Interiors magazine in August 2001 as
Canada's
Best. Andrea acquired the 2.5 acre site from the Royal Bank
of Canada and at the time it was considered one of the most
astute real estate acquisitions in Canada that year. Andrea headed
the development team and successfully pre-sold
the entire development prior to construction.
In
Asia, she acquired property on Nassim Road in Singapore and her
signature deal in Asia was the acquisition of strategic waterfront
property in Shek-O
in Hong Kong for one of the region's richest tycoons.
Prior to her move to
Asia, Andrea brokered commercial & investment real estate and was Vice President at Colliers
where she started the company's significant Asia Pacific practice in
the 80's which blossomed in the 90's. When she joined the blue
chip company in 1981, she was the firm's
first female investment broker ever since the firms founding
in 1898. She continued to pioneer in the business
world and set national sales records as amongst the Top 5 in revenues in
a company with over 400 sales brokers. She was
uniquely positioned and dealt with most of Asia's very rich because at
that time no investment banks took note of the significant Asian money
that was floating into the West.

Her signature transaction in brokerage broker was the sale of Vancouver's
downtown landmark, Hotel Georgia
which she brokered three times over a period of ~10 years. Her
involvement in this property demonstrates the diversity of her clientele
and her ability to select profitable investments with precise timing: from local to Singaporean investor -->
Hong Kong based investor --> Canadian institution .
The
property was owned by an REIT which is traded on the Toronto Stock
Exchange but has now since transacted back to the original vendor who was
involved with Eng on this spectacular location. They are. As broker, she won the award of Top Investment Broker
in Vancouver in 1989 and was one deemed "Successor to Canadian
Business" by Canadian Business Magazine.
Andrea continues to forefront in the
international business world and remains one of a handful of real
estate professionals who invests directly and has an operating network on
four continents.
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