08 Mar Toronto: Altree Developments, Led by Zev Mandelbaum, Announces 2 Forest Hill Road Project
TORONTO, February 15, 2019 /PRNewswire/ – 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, is pleased to announce the company’s three new development projects across North America: 2 Forest Hill Road (Toronto), 30 and 44 Zorra Street (Etobicoke) and West Side Arts (Jersey City, New Jersey).
Altree Developments is committed to connecting communities through the development of iconic projects. Altree is guided by Zev Mandelbaum’s vision to seamlessly integrate projects into the existing culture of the neighbourhoods in which they develop, 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,” says 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, the Altree Forest Hilldevelopment will be a luxury nine-storey mid-rise building with approximately 75 units, spanning 1,000 square feet to 4,000 square feet. 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 square feet to 1,300 square feet, along with approximately 50,000 square feet of retail and gallery spaces. With close proximity to Mana Contemporary, Jersey Square and Lincoln Park, this development, only 11 minutes to Wall Street and 23 minutes to Penn Station, 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 square feet of gross residential floor area, offering a diverse mix of studio, 1-bedroom, 2-bedroom, and 3-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 minutes away from Downtown Toronto, and 15 minutes from Pearson International Airport, this development will serve as a hub for millennials and young families.
Zev Mandelbaum’s Altree Developments, launched in late 2018, continues a 70-year multi-generational family legacy in the development industry, including H&R REIT, founded by his grandfather Sandy Hofstedter and Lanterra Developments, founded by his father Mark Mandelbaum. Prior to the launch of Altree, Zev Mandelbaum previously held roles as Co-founder, Chief Operating Officer and Principal at Marlin Spring, and Commercial Division Lead at Lanterra Developments.