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 37-storey luxury condominium towers are built in partnership with Diamante, a renowned developer, and will feature 736 units total over two phases premium amenities, retail space and more than 700 parking stalls. Demand for this location and luxury is high: Toronto is the largest city in Canada, the third fastest growing city in North America, and the second in North America for highland mid-rise construction.
Tippett Road Development Project | Ontario, Canada
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.
Oak West Corporate Centre | Ontario, Canada
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. With OWCC, Fengate is focused on in-demand flex space options ranging from 5.000 to 500,000 square feet, providing the ability to create customized spaces as well as increased occupancy density. The site location includes access to multiple transit options as well as green space and superior amenities.
The Taunton | Ontario, Canada
Fengate is the majority equity investor in the Taunton Apartments, a twelve-storey $114 million residential development in uptown Oakville. The Taunton is designed to address the wide gap in the region for luxury purpose-built rentals, with 284 sophisticated multi-family units complete with top tier amenities and 13,000 square feet of ground floor retail and services. The development is within walking distance to the heart of downtown, transit options, parks and walking trails.
Friday Harbour | Ontario, Canada
Fengate joined the founding partners behind Friday Harbour Resort as a strategic financial partner in this high-profile project. Friday Harbour is Canada’s award-winning mixed-use development located on the shores of Lake Simcoe. Designed as a luxury resort community, it has become a leading destination for people seeking to combine the beauty of lakeside living with the service of an all-season waterfront resort and the amenities of an urban community. Spread over 600 acres, the project includes North America’s largest inland marina, 3,000 residential units including a luxury hotel, the Nest golf course, beach club, a 200-acre nature preserve and more than 46,000 square feet of retail.
Virgin Hotels Las Vegas | Nevada, USA
Fengate, working on behalf of the Laborers’ International Union of North America’s (LiUNA) Central and Eastern Canada Pension Fund, acquired the Hard Rock Hotel & Casino in Las Vegas alongside various investment partners. This dynamic partnership plans to open a revitalized property, the Virgin Hotels Las Vegas in 2020. Virgin Hotels is a lifestyle hotel brand by Virgin Group founder Sir Richard Branson, and the partnership will work together on a multi-hundred-million-dollar face lift for the property. The property will continue full service operations under the Hard Rock flag until it opens as a Virgin Hotels hotel.
Seasons Retirement Communities | Ontario and Alberta, Canada
Established in 2009 by Fengate, Seasons is a Canadian company that owns and operates retirement communities in Ontario and Alberta. Seasons’ management team has extensive experience in the senior housing sector and has developed a culture that provides residents with superior customer service. The Seasons differentiator is a complete focus on understanding residents and ensuring they know they are surrounded by people who genuinely care, resulting in a stellar reputation. With more than 20 operating properties and new developments underway, Seasons is working hard to bridge the gap in Canada between aging populations and the growing need for seniors housing.