The three developers have joined together on a new project at the corner of Progress Road and Sheppard Avenue East in Toronto’s east-end borough of Scarborough that will bring up to 400 new housing units in two towers to one of the fastest growing communities in the Greater Toronto Area.
Fortress Real Developments, Pace Developments and Empire Communities, all based in York Region, have come together in co-venture and acquired an approved 2.3 acre parcel. With an existing sales centre already on site, the project is expected to come to market later this year. The acquisition is the second co-venture between the three companies. They have already commenced site clearing and are preparing for the start of construction in Markham, Ontario on the Mount Joy townhomes and a stunning new condo tower called ‘the Mark’.