Fengate announces strategic investment in mixed-use development in Burlington

Toronto, ON – September 3, 2025 – Fengate Asset Management (“Fengate”) is pleased to announce the successful close of its investment in Paradigm Grand, a mixed-use condominium development located in Burlington, Ontario.

Strategically located on a transit-connected parcel of land adjacent to the Burlington GO Station and the QEW, Paradigm Grand marks the second phase of the Paradigm Condos. The first phase was completed in 2019 by The Molinaro Group.

Fengate is managing this investment on behalf of the LiUNA Pension Fund of Central and Eastern Canada (‘LPFCEC’).

“On behalf of LiUNA, we are proud to deliver another vibrant residential community in the Greater Toronto and Hamilton Area, creating good union jobs and helping meet the urgent housing needs of Canadians,” said Joseph Mancinelli, Chair of LPFCEC, LiUNA International Vice President and Regional Manager for Central and Eastern Canada. “Each new project is more than construction; it’s a commitment from LiUNA to build resilient communities. It’s progress. It’s momentum for our housing market and for our economy. With every shovel in the ground, we’re building opportunity, strengthening communities, and ensuring housing supply keeps pace with demand.”

The deal marks Fengate’s first partnership with The Molinaro Group, one of the region’s most experienced and respected builders with decades of expertise and a deep commitment to the Burlington community.

“Fengate’s investment in Paradigm Grand reflects our confidence in Burlington’s strong market fundamentals,” said Jaime McKenna, President, Fengate Real Estate. “This project, in partnership with LiUNA and The Molinaro Group, brings together deep local expertise and a shared commitment to delivering high-quality housing. We’re excited to help shape a resilient, connected community that will bring lasting value to the region.”

The 18-storey, 380,000 square foot, transit-oriented community will deliver 388 residential units, 18,000 square feet of retail space, 12,000 square feet of office space, and 549 parking stalls.

Offering premium amenities such as a pool, spa, fitness centre, yoga studio, party room, lounge, games area, and outdoor terrace, Paradigm Grand is designed to elevate urban living in Burlington.

“Paradigm Grand represents the next chapter in our long-standing commitment to building dynamic, urban communities in Burlington,” said Vince Molinaro, President, Molinaro Group. “We’re proud to partner with LiUNA and Fengate on a project that reflects our shared dedication to quality and value for residents. With its prime location and transit accessibility, this project continues our vision for a more livable and well-designed city.”