Fortress completes their first commercial condominium project at Kingridge Square

TORONTO, June 26, 2017 /CNW/ - Fortress Real Developments Inc. (Fortress) and their partner Kingridge Developments (Kingridge) are pleased to announce the completion of construction and registration of Kingridge Square, an office and commercial condominium development located on Speers Road, just east of Dorval Drive in south Oakville. The 4.95 acre property features four buildings at 209, 217, 225 and 235 Speers Road, with unit sizes range from approximately 1,000 sf to 1,600 sf.

Sales of the units commenced in 2014, and construction started in 2015. The first owners at Kingridge Square took possession of their units in early 2017. The buildings are occupied by a variety of small businesses including accountants, tax advisors, lawyers, engineering firms, insurance agents, investment planners, realtors, construction companies, and medical professionals. The site has easy access to the QEW and is immediately adjacent to the burgeoning Kerr Village area, which provides tremendous exposure and ease of use for the owners and tenants, as well as their customers.

"We are very proud of Kingridge Square," proclaims Fortress CEO Jawad Rathore, "it was originally envisioned as a high-rise apartment site, but our partner Dan Marion at Kingridge immediately recognized the opportunity to shift the use to a low-rise office and commercial condo development. We were fully on board with the shift in built form, and the results speak for themselves."

Vince Petrozza, the COO of Fortress, is quick to praise the expertise of all the parties that came together at Kingridge Square, "CBRE did a tremendous job at selling the units, and espousing the virtues of owning an office instead of leasing. Our construction lender, Morrison Financial, was tremendous to deal with, and Penalta Group built the development on time and on budget."

For information on purchasing units in this completed project, visit www.235speers.com

Fortress Real Developments Inc. - Fortress is a Canadian real estate development company that seeks out and analyzes opportunities in major Canadian markets. The company is focused on quality projects with recognizable alpha in residential low-rise, high-rise, commercial and industrial market segments. For more information on Fortress projects, visit: https://fortressrealdevelopments.com 

Kingridge Developments is a fully integrated development company headquartered in Oakville, Ontario. For over a decade, the management of this dynamic and growth-driven company have acquired and developed single and multi-unit residential and commercial projects throughout southern Ontario. http://kingridgedevelopments.ca 

SOURCE Fortress Real Developments

For further information: Natasha Alibhai, Fortress Real Developments Inc., natasha@Fortressrdi.com, Phone: (905) 787-9266 ext. 235

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