As it gears up for its 50th year in operation, Camrost Felcorp has made major changes to its senior leadership team, including the appointment of Joseph Feldman to President and Chief Operating Officer. The company behind landmark projects like Upper East Village in Leaside and the Exchange District in Mississauga announced Monday that former President David Feldman will stay on as Chairman and Chief Executive Officer, and will maintain an active role in Camrost’s “overall direction.”
“As we reflect on the company’s success over the past 50 years, it’s not only a moment to appreciate the legacy we’ve built — but more importantly, an opportunity to think boldly about the next 50,” said David in a press release. “We’re evolving our leadership and sharpening our focus to be even more responsive, ambitious, and future-oriented—building on the strength of our team, the values that have guided us from the beginning.”
Similarly, Joseph tells STOREYS that the company’s 50th anniversary seems like the right time to make the change, and acknowledges that he has big shoes to fill.
“I think it’s safe to say he is one of the most nimble individuals in this industry. He has no problem [thinking] differently and tackling projects that others are scared of, he has no problem being pioneering,” says Joseph of his father. “For me, it’s a matter of maintaining that open-mindedness and think-outside-the-box approach that has driven his success, and the company’s success, over the last 50 years.”
While Joseph is stepping into the role during an inexplicably challenging time for the industry, he expresses that Camrost Felcorp is in a better position than most in the real estate development space.
“We’re very fortunate because of the way in which we’ve operated over the last five decades,” he says. “We’ve done it all. We’re not just condo developers, we’ve always dabbled in other tenures such as purpose-built rental. And the ability to be nimble is important when the industry is facing turbulent times. We’re confident and we’re excited.”
Notably, Joseph is one of more than 30 private and not-for-profit development sector experts from across Ontario on Mississauga’s Mayor’s Housing Task Force, which was assembled in 2024 and has already had a hand in lowering development charges by 50% for all residential projects, and 100% on all three-bedroom purpose-built rental units until November 2026.
“The City of Mississauga, where we do a lot of business, has stepped up. The Region of Peel, as of recently, has stepped up. The Province, as part of that announcement, has stepped up. And, come September, we’re really excited to hear how the federal government [intends] to tackle this housing crisis,” says Joseph. “We have a strong team and we’re ready to take advantage of the path forward that government provides.”
Camrost Felcorp has also promoted Jonathan West, Tara Welat, and Sabrina Carpino to vice president roles. “Each brings proven leadership and deep expertise that will help shape the company’s continued success in its next chapter,” says Monday’s release.
“The goal is to continue what we do very well, which is create communities that people love and to make any neighbourhood that we develop in better than before we started,” adds Joseph. “We’re really excited to tackle the challenges to come at this pivotal time in the industry.”