With a focus on generating superior value, involving the acquisition of income-producing properties and production of leading-edge development projects, Forgestone’s Opportunity Funds invest in a diversified real estate portfolio both directly and with like-minded partners incorporating multiple asset classes in major urban centres across Canada.
Featured properties
Gold House
Burnaby, BC
Gold House is a two-phased residential condominium development with 464,080 square feet, 490 units, 5,181 square feet of retail, and 19,799 square feet of office space. Located in the heart of Burnaby, 200 metres from Skytrain and Metropolis at Metrotown, the project is 99% sold with completion of both phases scheduled for Spring 2020.
Nexus 40-13
International Business Centre
NEXUS 40-13 is a premier business park located in a spacious campus setting within 25 minutes of downtown Montreal and 15 minutes from Montreal’s Pierre Elliott Trudeau International Airport. The park offers 20 office and flex-office buildings comprised of over 1.28 million sf of rentable area. Home to roster of high-profile tenancies, the campus extends along the intersection of two of Quebec’s most well-travelled highways, affording spectacular visibility.
Rideau Chapel
Ottawa, ON
Rideau Chapel is a 1.9-acre mixed-use site located less than 1km from Downtown Ottawa and the University of Ottawa. Upon successful rezoning for a total density of 630,000 square feet of retail and residential, Forgestone sold its interest in the site in 2019 to its development partner and a domestic investor.
Vancouver, BC
Maplewood Gardens is a 4.4-acre development site located in North Vancouver. Forgestone sold its interest in 2019 to a Canadian Institutional investor, who will complete the rezoning with its development partner to permit a range of diversified residential uses comprising approximately 550,000 square feet.
Forest Glen
Kitchener, ON
Forest Glen is a 128,000 square foot neighbourhood shopping centre anchored by No Frills & Shoppers Drug Mart located in Kitchener, Ontario. Forgestone led a repositioning-remerchandising strategy to solidify the tenant base, increase occupancy and generally enhance the asset profile prior to executing a profitable disposition.
Vancouver, BC
Located on Lonsdale Road in North Vancouver, with virtually unobstructed views of the ocean, mountains and Downtown Vancouver, this mixed-use development has been rezoned to permit 240,000 square feet of residential condominiums and 45,000 square feet of commercial space. Forgestone and its development partner, Millennium, will commence marketing and sales in Spring 2020.