Carttera’s Urban Intensification Fund 2 recently acquired a 1.1acre site located at 1926 Lake Shore Boulevard West in Toronto. This site fronts onto Sunnyside Park and has spectacular views of Lake Ontario, High Park and downtown Toronto. Carttera plans to redevelop the site as a residential condominium.
Carttera’s Urban Intensification Fund 2 has acquired a 50% Joint Venture interest in the residential condominium development named Cloud 9. Cloud 9 has 260 residential suites and is located in the heart of Etobicoke on Kipling Avenue. www.cloud9condos .ca
Awarded: Office Development of the Year
1919 Minnesota Court, Mississauga, is a landmark, LEED Silver brownfield redevelopment comprised of 125,000 square feet of contemporary office space. The development is 100% leased to DuPont Canada and Maxxam Analytics head offices.
Carttera’s Urban Intensification Fund 2’slatest acquisition is a 3.4-acre site located at 7100 West Credit Avenue in Mississauga, Ontario. The site is strategically located in the heart of Meadowvale, at the north-west intersection of West Credit Ave and Derry Road West. Carttera plans to immediately construct a four-storey LEED Silver speculative office building totaling 95,868 square feet that will be ready for occupancy Summer 2013.
Carttera’s UIF2 has closed on the acquisition of a 42-acre development site located near the intersection of Hwy 403 and the QEW in Oakville, Ontario. The site has frontage on Ford Drive, Upper Middle Road, Joshua Creek Drive and the future realignment of North Service Road. The site is zoned E1 and E2, and is ready for development.
Carttera’s Urban Intensification Fund 2 acquires a 0.73-acre surface parking lot directly across from the Bell Centre in Montreal. Carttera plans to develop a mixed-use office, retail and residential condominium project on the site.
Carttera’s Urban Intensification Fund 2 acquires a 0-43 acre surface parking lot at the corner of King and Church Street in Toronto. Carttera plans to develop a 225,000 sq.ft. mixed use residential condominium.
Carttera’s Urban Intensification Fund 2 acquires in Bathurst Street at the corner of Adelaide Street. Carttera plans to develop a 214,000 sq.ft, 260 unit condominium with ground floor retail and second floor office space.
The Urban Intensification Fund sells the South Phase of Roper Ridge Business Park, a 138,600 sq.ft. industrial building in Edmonton, Alberta, for $28.8 million to Pure Industrial Real Estate Trust.
Carttera’s latest fund closes with $170 million in committed equity. The Urban Intensification Fund 2 focuses on the Greater Toronto Area, spanning a wide variety of real estate types, classes, and initial occupancy levels. GTA arterial and transit locations will be targeted for condominium development, together with mixed use, office, flex office, industrial and unenclosed retail intensification, infill development and redevelopment projects.