Lanterra Developments and Fengate Asset Management Announce Partnership to Finance Natasha The Residences

TORONTO, Nov. 8, 2021 /CNW/ - Renowned for contributing to Toronto's iconic skyline and culture, Lanterra Developments is pleased to announce it has partnered with Fengate Asset Management in respect to its much-anticipated project, Natasha The Residences. The Project was launched just two months ago to see great success.

"Fengate is proud to be partnering with Lanterra Developments, a highly-respected and experienced developer that we admire," says Andrew Konev, Senior Vice President of Development for Fengate Asset Management. "Natasha The Residences is a compelling project for its premier downtown location offering residents easy access to top-of-the-line retail and amenities, restaurants and entertainment, dynamic public spaces, and transit options." Fengate is managing this investment as part of its commercial and residential development strategy on behalf of its investors, including the LiUNA Pension Fund of Central and Eastern Canada.

"We're thrilled to have Fengate on board as a partner for Natasha The Residences," says Mark Mandelbaum, Chairman of Lanterra Developments. "We share a commitment to developing best-in-class residential communities that feature beautiful design as well as state-of-the-art technology and amenities that pay close attention to the needs of urban residents."

Located at 263 Adelaide St. W. in the heart of Toronto's Cultural District and inspired by respected business leader and public relations powerhouse Natasha Koifman, the new 47-storey high-rise will live at the South-East corner of the John St. intersection, soaring atop the historic Purman building and maintaining the original structure built in 1915 as the base five floors. Designed by BDP Quadrangle, the architecture will be defined by North panelling reflective of luxury timepieces opposite soft, feminine curves on its South side. Extraordinary interiors and amenities designed by Alessandro Munge of Studio Munge will match Koifman's chic, sophisticated, and iconic all-black-everything style. This includes innovative social spaces like a media content creation studio, community pizza kitchen, and concert piano room.

Sales for Natasha The Residences have commenced with prices starting in the $500s. For more information, please visit NatashaResidences.com.

Media Contacts:
Andrea Anders, NKPR, [email protected]
Victoria Baker, NKPR, [email protected]

About Lanterra Developments
Lanterra Developments was founded by Mark Mandelbaum and Barry Fenton, two real estate visionaries who began with a dream to develop innovative, one-of-a-kind downtown condominium properties. With over 20 years of partnership, joined by Christopher Wein in 2018 as President of Construction Management and COO, Lanterra has have charted on an amazing success story on the Toronto skyline with one iconic condominium after another, scaling new heights in design, style and elegant urban living. The company's guiding philosophy goes beyond just condominium building to dynamic urban revitalization and putting Toronto on the global map as the new city of the future, with vibrant master planned mixed use communities, sustainable green living and cutting-edge environmental technologies. For more information, visit www.lanterradevelopments.com or on social media @lanterradev.

About Fengate Asset Management
Fengate Asset Management is a leading alternative investment manager focused on real estate, infrastructure and private equity strategies. With offices in Toronto and Oakville, Ontario, and Houston, Texas, Fengate has a proven track record of successful projects and partnerships, and an established reputation as one of the most active real asset investors and developers in North America. Fengate Real Estate, a division of Fengate Asset Management, has been strategically developing and managing real estate assets since 1974.

SOURCE Lanterra Developments