Fengate Expands Portfolio with New Mixed-Use Development
Fengate's Investment in Paradigm Grand Development
Fengate Asset Management is thrilled to share its latest achievement with the recent investment in Paradigm Grand, an upcoming mixed-use condominium project in a key area of Burlington. This investment showcases Fengate's commitment to enhancing community living by responding to the housing demands faced by many.
Location and Significance of Paradigm Grand
Paradigm Grand is strategically placed near the Burlington GO Station and the QEW, making it accessible for commuters. This pivotal location is set to enhance the city’s urban fabric while providing convenient access to public transportation facilities for residents and visitors alike.
Development Overview
The project encompasses a substantial 18-storey structure, offering 388 residential units alongside 18,000 square feet of retail space and 12,000 square feet designated for office use. Furthermore, it includes 549 parking stalls to accommodate residents and businesses effectively.
Amenities That Define Urban Living
In addition to the residential and commercial elements, Paradigm Grand promises a variety of upscale amenities designed to elevate the lifestyle of its residents. The offerings include a pool, spa, fully-equipped fitness center, yoga studio, party room, lounge, and games area, plus an outdoor terrace, enhancing urban living significantly.
Fengate's Vision and Commitment
Fengate Asset Management is proud to manage this investment on behalf of the LiUNA Pension Fund of Central and Eastern Canada (LPFCEC). According to Jaime McKenna, the President of Fengate Real Estate, this project is a testament to their confidence in Burlington's market dynamics. The partnership with industry giants like LiUNA and The Molinaro Group reinforces their shared commitment to quality housing delivery.
Collaboration with The Molinaro Group
This project marks Fengate's inaugural collaboration with The Molinaro Group, a respected name in construction with decades of experience in developing quality living spaces. Vince Molinaro, President of the Molinaro Group, expressed pride in contributing to Burlington's development landscape together with LiUNA and Fengate, focusing on creating a well-designed and livable city.
Supporting Community Growth
The successful execution of Paradigm Grand reflects a broader commitment to build not just homes, but vibrant communities driven by growth and connection. With the pressing housing demands across regions, this venture plays a crucial role in addressing those needs, providing new opportunities for residents.
Media Contact Information
If you have any media inquiries, please contact Matthew Ventura at Fengate Asset Management. You can reach him via email or phone for any additional information about this investment and upcoming developments.
Frequently Asked Questions
What is Paradigm Grand?
Paradigm Grand is a new mixed-use condominium development by Fengate Asset Management, featuring residential and commercial spaces.
Why is the location important?
Its proximity to the Burlington GO Station makes it a great location for urban living and ease of commuting.
What amenities will be offered?
The development will offer a pool, spa, fitness center, yoga studio, and more.
Who are the partners involved in this project?
Fengate Asset Management is partnering with the LiUNA Pension Fund and The Molinaro Group for this project.
What are the project goals?
The aim is to create vibrant communities while meeting the urgent housing needs of residents.
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