TORONTO, ONTARIO--(Marketwire - June 28, 2012) -
Editors Note: There is a photo associated with this press release.
Contemporary design is often associated with new projects in large urban centres with sleek towers and hip buildings. Tariq Adi, President at ADI Development group, believes modern architecture should be available in every community and his latest vision, The Mod'rn, reflects this in both name and aesthetic. The project is a four story contemporary mid-rise condominium development located on Guelph Line in Burlington, ON. Fully approved with construction financing already in place, this 60,000 sq ft. condominium development will house 78 condominium units.
The market in Burlington has been extremely resilient and shows solid growth with strong demand for infill urban projects like the Mod'rn. "Condominium apartments in Burlington reflect the trend towards higher density living, but also the limited land available for building low-density housing," noted Sarah Fong, CMHC's Senior Market Analyst for the Hamilton and Brantford CMAs.
The parcel is centrally located in a residential neighborhood with convenient access to the QEW and HWY 407. Its location is perfect for commuters looking to work in the urban cores areas across the Golden Horseshoe but at the same time, live in a city that offers a variety of amenities, a useable lakefront, and an affordable price point. "Condo ownership in Burlington is much more affordable than most major urban centres like Toronto for both end users and investors alike," said Jawad Rathore, President and CEO of Fortress Real Developments. "Home buyers will get beautiful design and an excellent price… and that's great value."
The Mod'rn is being co-developed with ADI Development Group, a company that has recently completed two projects in the area and have tremendous confidence that this project will enjoy a great deal of success. "We are extremely excited to bring this wonderful project to the city of Burlington," said Tariq Adi. "The building will be located in one of the best neighbourhoods in the city, and our team at ADI has gone to great lengths to design a beautiful building with meticulous attention to detail. It's a building we are proud of and the future residents will be proud of as well."
Projects like the Mod'rn embody big city sensibility with a sense of community pride. MoneySense recently rated Burlington as the 3rd most livable city in Canada and this project is poised to make that livability look even better.
About the Companies
Fortress Real Developments - Fortress Real Developments is a Canadian real estate development company that seeks out and analyzes opportunities in major Canadian markets. The company has placed their focus on quality projects with recognizable alpha in residential low-rise, high-rise, commercial and industrial project. For more information visit: http://fortressrealdevelopments.com.
ADI Development Group - Adi Group comes from a distinguished lineage of builders that spans three generations and has had a worldwide presence since the 1960's. As a team they are committed to growth and global expansion, developing properties whose potential is waiting to be recognized and unlocked. For more information visit: http://adidevelopments.com.
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