Altree Developments kicks off three new projects
February 12, 2019
Providing renowned inspirational residential, commercial and retail projects built with integrity, Altree Developments, led by third-generation developer Zev Mandelbaum, previously of Marlin Spring, Lanterra and H&R, announced the company’s three new development projects across North America: 2 Forest Hill Road in Toronto, 30 and 44 Zorra Street in Etobicoke, and West Side Arts in Jersey City, New Jersey.
Altree is guided by Zev Mandelbaum’s vision to seamlessly integrate projects into the existing culture of the neighbourhoods in which they are developing, while uncovering opportunities to enhance communities and build with integrity.
“It is a great privilege and honour to be able to bring these three iconic projects to life, creating beauty among three distinct neighbourhoods,” said Zev Mandelbaum, President and CEO, Altree Developments. “At Altree Developments, we are dedicated to seeking out projects that allow us to build a meaningful experience within each community we enter, offering residents a locale to live, dream and thrive.”
Following the acquisition of six properties at St. Clair Avenue and Forest Hill Road, Altree’s Forest Hill development will be a luxury nine-storey mid-rise building with approximately 75 units, spanning a 1,000 sq. ft.to 4,000 sq. ft. The majority of each exclusive unit will feature expansive terraces, introducing outdoor areas to every living space.
Altree’s Jersey City West Side Arts development, situated in Journal Square and the emerging Mana Contemporary Art District, will consist of five buildings that include approximately 500 residential rental units ranging between 450 sq. ft. to 1,300 sq. ft. along with approximately 50,000 sq. ft. of retail and gallery spaces. With proximity to Mana Contemporary, Jersey Square and Lincoln Park, this development is only 11 minutes to Wall Street and a 23-minute commute to Penn Station, so it will appeal to young creatives seeking an area to work, live and play in an up-and-coming and thriving neighbourhood.
The 30 & 44 Zorra Street Development, located at The Queensway and Islington in Etobicoke, will be comprised of a 35-storey tower that spans across 340,000 sq. ft. of gross residential floor area, offering a diverse mix of studio, one-bedroom, two-bedroom, and three-bedroom units. 30 & 44 Zorra will be a landmark for the established and easily accessible community that delivers top-notch retail offerings and public green spaces for residents to enjoy. Only 10-minute away from downtown Toronto, and 15-minute from Pearson International Airport, this development will serve as a hub for Millennials and young families. The location is close to the Gardiner Expressway and TTC bus and subway service. Within walking distance there are numerous shops and services, including diverse restaurant and Sherway Gardens is just minutes away by car.