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Marc Josephson, Grosvenor’s Senior Vice President of Development for Vancouver, has just been selected among 39 other top business leaders across the province for the significant Business in Vancouver Forty Under 40 Award. BIV’s highly competitive annual awards program recognizes excellence in business and community leadership, and involves a rigorous review of applicants. This year’s winners “boast remarkable early-career achievements and a clear dedication to service, engagement and volunteerism,” according to BIV.
“We had a large and impressive group of nominees for this year's awards program. Our judging panel found the achievements, dedication and community work of these 40 individuals to be truly exceptional. We are fortunate to have these leaders in our communities,” said Hayley Woodin Hastings, editor-in-chief of BIV.
"I am so honoured to be recognized with this prestigious award, and to join an impressive list of leaders and difference-makers, past and present. I’m thankful to everyone that I’ve worked with and learned from over the years, especially my team at Grosvenor, and to my family for their support as I’ve pursued my career. I’m looking forward to what more we can accomplish," noted Josephson.
Since joining Grosvenor’s Vancouver Development team in 2013, Marc has led projects valued at $1.3bn and currently oversees a further pipeline of $6.08bn. These projects will provide the region over 6,000 new homes, roughly 50 percent of which are rental including affordable housing.
Marc has been instrumental in the vision and delivery of some of Metro Vancouver’s most innovative and transformational developments that have won 25+ major awards including Urban Development Institute’s (UDI) Best Overall development twice, and Urban Land Institute’s (ULI) Award for Excellence three times.
At Grosvenor Ambleside, he led the team through a challenging three-year approval process, and then achieved record-setting sales. For Brentwood Block, he had unprecedented success in negotiations with public and private entities, including consent for the first-ever, pedestrian-only masterplan to include 3,500 carbon-free homes and the tallest all rental tower in Western Canada.
Known to pioneer innovation and support sustainable development, Marc’s team delivered the tallest commercial passive house in history of Vancouver. Most recently, he was instrumental in acquiring and reimagining the Oakridge Transit Centre site, which will transform an underutilized site into a vibrant, new community. Furthermore, his established track record of steering transformational projects through entitlement and design through to sales and completion, frequently in highly contentious situations, has helped supply much-needed housing to our region, and revitalized communities.
Marc is an active member of various industry associations including the UDI, ULI and the National Association of Industrial and Office Properties (NAIOP). Within these associations, Marc was a founder of the UDI U40 Committee holding an executive position, participated as an expert panelist numerous times, and represents Grosvenor on several industry liaison committees.
This year’s award winners will be featured in BIV’s annual Forty Under 40 Magazine in mid-December, and at a gala event on February 7, 2024.