Fortress Real Capital

Fortress Real Capital

May 30, 2012 12:17 ET

City Core Developments Inc. and Fortress Real Capital Announce a Key Land Acquisition of 7 Acres on the Barrie Waterfront for the Harmony Village Lake Simcoe Project

TORONTO, ONTARIO--(Marketwire - May 30, 2012) - After more than a year of analysis and planning, the two companies are pleased to announce the acquisition of 7 acres of prime waterfront lands situated on Kempenfelt Bay in Barrie. The site has already been site plan approved for over 900,000 sq. ft. The partners anticipate an expanded vision to be developed into a master planned senior's community on this premium waterfront parcel.

The project has received tremendous local support thus far and that is expected to continue with an architectural competition announced earlier this month. "We are really excited about this project and we want the residents of Simcoe County to be as well," said Jack Pong, President of City Core Developments. "The competition has been opened up to a group of architects country wide and our goal is to create a village atmosphere that residents and locals alike can enjoy."

Harmony Village Lake Simcoe is poised to become a landmark for the city of Barrie where residents can enjoy breathtaking views of the Lake and fully embrace the waterfront living lifestyle. "This project offers residents waterfront living at half the cost of doing the same in Toronto," says Jawad Rathore, President and CEO at Fortress Real Capital. "Residents are still just a quick commute into the city while getting to enjoy a more relaxed lifestyle that affords them all the amenities of big city living."

Fortress Real Capital and City Core will host an event at the site on Thursday, May 31st 2012 at 10:30am to unveil new signage and conduct an earth turning ceremony. Media is welcome to attend.

About the Organizations

Fortress Real Capital: Fortress is an RSP eligible syndicate mortgage product that allows a consumer to invest directly into the proven market of Canadian real estate development and construction. Real Security. Real Returns. For information visit: http://fortressrealcapital.com.

City Core Developments Inc.: City Core has been in the development and property management business since 1976. They have successfully been involved in a variety of real estate development projects from Residential to Commercial, including - Single Family Housing, Multi-Family Condominiums, Retail Plazas, Office Complexes, Industrial Parks and Seniors Communities. For information visit: http://citycoredevelopments.com.

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