2007 REPORTS > CANADA - March 26, 2007
CANADA
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Bayshore offers more than a suite with a view  
An aerial view of the Bayshore Garden property beside Vancouver’s Stanley Park
Bayshore Garden’s real estate development in Vancouver’s booming Coal Harbour was completed in 2006. Hiro Okamoto, president of Blue Tree Management, is pleased to announce the accomplishment of 15 years of multiphased comprehensive development.

The overall development consists of 500 units of eight residential towers, 1,800 underground parking stalls for residential and hotel use, a childcare facility, 111 units of senior housing, a retail component and a 61-berth marina. Furthermore, Blue Tree made a contribution valued at more than $64 million to the City of Vancouver.

Okamoto stepped into this project in January 1992 while Japan’s Aoki Corp. was in control. Okamoto bought out the project when Aoki had financial difficulties in 2004. After Aoki’s bankruptcy, Okamoto decided to complete the project to maximize the value of the development with his talented team.

‘‘It was a big decision, but I was the only person who could accomplish this task. Also considering all of the interests, expectations and businesses with our clients, the city and Aoki, I decided to assume all the leftovers,’’ says Okamoto.

Blue Tree created and assisted in establishing Vancouver’s lifestyle. ‘‘In the ’90s, living in a condo was unacceptable for wealthier people. But we created a lifestyle for them at the Bayshore and it gradually spread through word of mouth. We offered various unique features not only in design, quality and marketing, but also focused on the creation of neighborhood communities,’’ says Okamoto.

Okamoto teamed up with Japanese and local interests. ‘‘The collaboration between Japanese and locals has been successful, which consequently increased the quality of our projects,’’ says Okamoto.

‘‘With my experience, I’d like to be an ambassador between Canada and Japan by encouraging business and entrepreneurship between the two countries.’’

Okamoto is currently involved in various businesses in Vancouver. He recently opened the Blue Tree Cafe within the Bayshore development to further promote the ‘‘neighborhood’’ feel for its residents.

www.bayshoregarden.com

 
 
Table of Contents
Country Information
An economic partnership gets fresh boost
Honda: a case study in successful Japanese investment in Canada
Toyota forgets the competition but not its customers
Two world-class Canadian cities take center stage
British Columbia offers a winning brew
Bayshore offers more than a suite with a view
New leadership refocuses high-tech company’s efforts
Vancouver, Canada’s western capital, prepares to host the 2010 Winter Olympics
Hitachi ‘inspires the next’
Konica Minolta takes it to the top
Canadian IT company places Japan at forefront of localization efforts
Shiseido refines the art of branding
Japanese pulp operations face new challenge
Staying at the top of the heap
Things heat up for Yamaha
Adaptability in a rapidly changing market leads to quick growth
Subaru takes on the market on its own terms
Sony leads the high-definition entertainment revolution in Canada


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The Japan External Trade Organization (JETRO) helps Canadian individuals or companies that want to do business or expand their existing businesses with Japan through exporting, partnering or investing. JETRO has offices in Vancouver and Toronto. www.jetro.go.jp/canada

The City of Toronto Economic Development Office is the front door to any business that is interested in moving to or investing in the capital city of Ontario. www.toronto.ca/business_resources/econdevoffice.htm

The Canadian Tourism Commission (CTC) is a government-run organization that works closely with domestic industry-related companies to promote the country as a year-round destination for all kinds of tourists. www.canadatourism.com

The Canadian government’s Web site contains the latest national news, information on immigration, taxes and even the weather, as well as services that can help you to start a business in the country. http://canada.gc.ca