In a November 2 CNW
press release, Fortress Real Developments and Lamb Development Corporation announced the registration of the building, occupied since late 2015 and 99 per cent sold as of press time. Lenders to the project should expect to be paid out by the first week of December.
“We are thrilled that the building is finally registered. This 32-storey tower with 232 units is a statement building offering high end finishes, a plethora of amenities and everything expected when you buy in an LDC development,” Lamb Development president Brad J. Lamb said.
“King Charlotte is a stunning addition to the Entertainment District and is a testament to doing real estate right. We purchased the site well and the design was inspired by the tight restrictions of the site,” Fortress president and CEO Jawad Rathore stated. “The location and design made this project highly desirable, to the point, several Toronto sports personalities have chosen to call King Charlotte home.”
Lamb and Fortress have completed four joint projects so far, and are in the process of building three others. By 2017, four more are expected to begin construction.
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The King Charlotte condominium complex in Toronto’s King West (Entertainment) district has been registered by the city government under condo corporation TSCC 2546.