Successful property development and management through respect and strong partnerships.
Dunne Properties had modest beginnings back in 1995 when Stephen Dunne, his wife Joanne, and a partnership group acquired commercial land at the Historic Railyards in Kensington, PE and constructed three new retail buildings totaling 10,000 square feet.
In addition to being the company’s first property development initiative, the project was also significant because the developers had a strong sense of community and saw the need for a design that complemented the architectural style of Kensington Railway Station, a National Historic Site of Canada.
Once the development was complete, Dunne Properties took on the role of property manager. From the beginning, Stephen and his team developed a great rapport with tenants. In 2015, the properties were sold to local ownership and remain a focal point for the community.
Dunne Properties next development venture was in 2000 when Stephen, Joanne and a partnership group purchased and renovated two historic buildings in Charlottetown - now the Gahan House at 124 Sydney Street and the Sims Corner building at 86 Queen Street. These classic buildings feature two of Charlottetown’s best-known restaurants on the ground floors and office space on the upper floors. Once again, the company took on the role of property manager post-renovation.
Dunne Properties and their investment partners continue to expand their commercial and residential property portfolio. Today, nearly thirty years since beginning, Dunne Properties and partners own and manage more than 250,000 square feet of high quality PEI rental space that is home to more than 500 Island residents and workers. In 2025, the team will finish building the third and final phase of Trailside Developments (apartments).
There are more developments on the horizon and the company has a firm commitment to stay true to its roots of respect and strong partnerships with tenants, co-investors, lenders, architects, builders, and property management staff.
