Zafir Rashid accelerates next-gen development pipeline with branded residences and wellness innovation

Teramir Group, led by internationally active developer Zafir Rashid, is advancing a flagship hospitality and mixed-use development into the final pre-construction phase. With building permits expected within the coming weeks, the group is preparing to move from completed horizontal infrastructure into vertical construction across a site representing over $1.5 billion in planned development value.

The development is anchored by branded residences and geared towards families with children.

The project builds on over a decade of acquisition, planning, and entitlement work. Located in a high-growth corridor, the site benefits from proximity to major transit, established infrastructure, and favorable demographic trends. Rashid’s long-term strategy has involved assembling parcels, managing regulatory milestones, planning and more.

“This is wellness-focused hospitality,” explains Zafir Rashid.

“It’s designed for multi-generational living,” Rashid adds. “We’re focused on real estate that serves as both a lifestyle upgrade and a secure, long-term asset.” The community is set to include family-oriented recreational zones, pedestrian-first pathways, and flexible spaces designed to evolve with the needs of future residents.

The master-planned project blends high-end living, immersive resort experiences, and next-generation infrastructure. The development includes character-branded accommodations, themed restaurants, water-based attractions, and a new hospitality concept tailored to health-conscious global travelers.

The team has focused on cultural and generational relevance, curating a destination that resonates with North American families as well as international guests. By blending themed attractions with curated lifestyle offerings, the development aims to deliver both experience and continuity. This development will become a place to return to year after year for many families.

“It’s the realization of a long-term vision that integrates lifestyle, culture, and economic growth,” said Zafir Rashid, Head of Development at Teramir Group. “We’ve laid the groundwork, physically and financially. We’re now entering a transformational phase.”

The residential offering will include fully managed, for-sale branded units that combine private ownership with resort-style services. Alongside this, the group is introducing a wellness-driven hotel brand that will offer alcohol-free environments, dedicated spas for men and women, and inclusive culinary programs featuring halal and kosher options, creating a culturally attuned hospitality experience unique to the North American market.

From entitlements to engineering and land assembly, every element has been aligned to allow for seamless execution once final approvals are issued.

Construction sequencing has been mapped to ensure minimal disruption, with a focus on long-term operability and phased delivery. Each phase is designed to be self-sustaining, allowing early components to generate activity and cash flow while final elements are brought online. “It’s about building momentum responsibly,” Rashid notes.

About Zafir Rashid

Zafir Rashid is a veteran developer and capital strategist with over 25 years of experience in global real estate. He leads Teramir Group’s development strategy, international partnerships, and investor relations.

About Teramir Group of Companies

Teramir Group is a privately held real estate development firm specializing in hospitality-forward, infrastructure-driven projects. Operating across North America and the Middle East, the company delivers high-impact master-planned developments designed for today’s global lifestyle and investment environment.