Fengate’s purchase of the lands at 10 Great Lakes Boulevard seized the opportunity of West Oakville’s significant growth. Our resulting development, the Oak West Corporate Centre (OWCC), is located just south of the QEW, a major Ontario highway, and is now a 41-acre business park development offering a mix of office, retail and industrial leasing space.
Phase one of OWCC reached construction completion in 2020 and is comprised of two flex office buildings totaling over 71,000 SF and one industrial building over 100,000 SFPhase II of the project is coming soon and, can accommodate approximately 400,000 SF with a combination of flex office and service retail.
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GTA West’s premier office building opportunity is located in one of Oakville’s most energetic and lively neighborhoods, surrounded by top-notch shopping, gyms, restaurants and the head offices of many highly regarded companies. Offers high density floor plans. Conveniently located in close proximity to highways QEW and 403. Sitting on 4.68 acres. Excellent surface parking at a ratio of 4 / 1,000 SF. Immediate access to Oakville Transit bus, route in front of 1315 North Service Rd. E,. has direct connection to Mississauga transit, GO Transit and Via Rail Services.
1213 International Boulevard comprises 11.24 acres in Burlington, Ontario. Located in an established business park, the site offers quick access to key amenities as well as Highway 403 and QEW interchanges and is accessible by public transit. Fengate is developing the Bronte Creek Corporate Centre onsite, a newly built, modern 229,000 SF warehouse facility featuring a 36’ clear height with high door ratio and LED lighting. The facility will provide an efficient building configuration for a racked warehouse environment and the ability to divide down to approximately 70,000 SF or larger configurations. This highly-functional and efficient construction will come to market in Q2 2022.
Fengate has partnered with Regional Group to develop purpose-built rental apartments in Ottawa, a high-need housing option in the region. The two buildings will be located at the entrance to Regional Group’s master-planned waterfront community, Greystone Village, and will provide ground retail and 245 units of high-quality rental housing. When complete, Regional Group will be managing the properties on behalf of the investors. Building amenities will include roof-top terraces with gardens and dog areas, fitness facilities, state-of-the-art building security and mail rooms, underground vehicle and bike parking, storage, and gathering areas.
Greystone Village is Regional Group’s LEED® ND master-planned community of over 1,000 homes. It is located between the Rideau Canal and Rideau River, and is within walking distance to trails, parks, the new Ottawa LRT (Lees Station), and Lansdowne Park.
Fengate is the majority equity investor in 1926 Lakeshore Ave. West, marketed as the Mirabella, a $425 million residential development in Toronto’s west end, featuring excellent access to transit and Lake Ontario, and views over High Park, the city’s largest greenspace. The two 38-storey luxury condominium towers are built in partnership with Diamante, a renowned developer, and will feature over 700 units over two phases including premium amenities, retail space and more than 700 parking stalls. Toronto is the largest city in Canada and demand for this location and luxury is high.
Fengate partnered with Shiplake Properties and Collecdev Inc., highly reputable residential developers and community builders, to develop two new high-density residential properties in Toronto.
The combined residential complex offers a mix of condominium and purpose-built rental apartments, each with a component contributing to Toronto’s Open Door Affordable Housing Program that was established to accelerate affordable housing construction.
In early 2020, Fengate and Freed Developments partnered in a joint acquisition of a significant 5.4-acre, transit-oriented and mixed-use site with development entitlements in Toronto.
The site is conveniently located at the intersection of the Don Valley Parkway (DVP) and Eglinton Avenue East, with direct pedestrian access to the Eglinton Crosstown LRT, which is scheduled for completion in 2021 and will provide efficient access to the downtown core and surrounding areas via connections to the Toronto Transit Commission and GO Transit system.
The site provides vehicular access to Highway 401, the DVP and Gardiner Expressway. Development planning includes a new hotel, numerous high-rise multi-residential buildings adjacent to the hotel, retail and commercial space, dedicated indoor community space, expanded access to green space, and transit/pedestrian-oriented design.
In late 2020, Fengate made an 100% acquisition of a six-parcel land assembly in downtown Toronto and will develop a purpose-built rental building, featuring approximately 350 residential units. This is a transitioning urban community, and the development will be adjacent to a new transit hub and expanding amenities. Fengate’s forthcoming development will help meet the critical need for purpose-built rental supply in Toronto as home ownership costs throughout the urban core and Southern Ontario continue to expand.