Fortress Real Developments and Lamb Development Corporation have announced that the King Charlotte condominium development has been registered by the City of Toronto (the new condo corporation is TSCC 2546). The building has been occupied since the end of 2015 and is currently 99 per cent sold.
King Charlotte is located in Toronto’s King West neighbourhood. The 9,646 square foot site located on Charlotte Street was designed by Peter Clewes of Architect Alliance, while interiors were designed by II by IV Design.
“We purchased the site well and the design was inspired by the tight restrictions of the site,” said Jawad Rathore, president and CEO of Fortress. “The location and design made this project highly desirable, to the point that several Toronto sports personalities have chosen to call King Charlotte home.”
The building closing dates are set for late November and all lenders into the project are expected to be paid out by the first week of December.
King Charlotte is the 13th collaboration between Lamb Development Corporation and Fortress. The Ontario and Alberta projects include four that have been completed, three that are currently under construction and four that are expected to start construction in the next year. Over the past year, nearly 800 residential units in Fortress projects have been occupied in Ontario.