Altree Developments announces two new marquee projects
Altree Developments, led by third-generation developer Zev Mandelbaum, previously of Marlin Spring, Lanterra and H&R, is pleased to announce the company’s two new projects in the GTA, 2 Forest Hill Rd. in Toronto and 44 Zorra St. in Etobicoke. Plus Altree has just launched another development in Jersey City, N.J. — West Side Arts.
Following the acquisition of six properties at St. Clair Ave. and Forest Hill Rd., the Altree Forest Hill development will be a luxury nine-storey midrise building with approximately 75 units, spanning 1,000 to 4,000 sq. ft. The majority of each exclusive unit will feature expansive terraces, introducing outdoor areas to every living space.
Providing renowned inspirational residential, commercial and retail projects built with integrity, Altree Developments, is committed to connecting communities through the development of iconic projects. Altree is guided by 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,” said Mandelbaum, president and CEO, Altree. “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.”
The Zorra St. development, located at The Queensway and Islington Ave., will be comprised of a 35-storey tower that spans across 340,000 sq. ft. of gross residential floor area, offering a diverse mix of studio, one-bedroom, two-bedroom, and three-bedroom units. It 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 minutes away from downtown Toronto and Pearson International Airport, this development will serve as a hub for millennials and young families.
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 previously held roles as co-founder, chief operating officer and principal at Marlin Spring, and commercial division lead at Lanterra Developments.