We are pleased to share with you a website that provides an exculpatory, fact based, look at the structure of the syndicated mortgages that in part funded Fortress projects – https://anexculpatorylookatsmi.home.blog/ This website pulls back the curtains for all to see the evolution of documents and provides a detailed look at the robust disclosure documents that outline fees, risks, relationships and roles. These documents have stood up in front of a regulatory board (FSCO) and a supreme court judge (reviewed as part of a class action lawsuit) and now we are providing them to the public. We ho ..read more

Crestview Commons (marketed as Manors of Mineola), is a luxury boutique low-rise development in Mississauga, developed by Carlyle Communities. Fortress Real Developments’ role in this project is that of a development consultant. Set on 1.5 acres adjacent to the QEW, this project is planned for 20 traditional three-storey townhouses. Lot frontages range from 17′ to 22′, with an average unit size of over 2,000 sf. The site is ideally located for residents looking to commute into Toronto with the Port Credit GO station and Mississauga transit easily accessible. The parcel of land for the project ..read more

The Charlotte Adelaide Tower (CHAT) was proposed as a 46-storey condo project in the heart of the King West corridor at the southwest corner of Charlotte and Adelaide Streets. A challenging site from the onset, it was abandoned by the original developer and subject to numerous site constraints. In 2014, it was purchased by Fortress to protect the original lenders secured on title and bring forth a new vision. A development team was assembled to propose a new plan for the site, and unfortunately that plan was rejected by the Ontario Municipal Board in October 2018. This was despite the backing ..read more

James, a condo project in downtown Toronto in partnership with Lamb Development Inc. has been refinanced with Fortress concurrently exiting its interest in the project. James was planned as an 18-storey tower and received approval for only 17 storeys. The OMB process was lengthy (lasting 18 months) and the loss of an entire floor was a significant reduction of sellable square footage (approximately $6M in lost revenue).  Since launching the project, development and construction costs have also risen considerably.  Due to the ruling, all sales were cancelled and the project had to be relaunched ..read more