Toronto-based developer Zev Mandelbaum’s newest venture, Altree Developments, has released details of three new multi-residential and mixed-use development projects it is planning for Toronto and New Jersey.
The projects are: 2 Forest Hill Road, as well as 30 & 44 Zorra Street in Toronto, and West Side Arts in Jersey City, N.J.
“It is a great privilege and honour to be able to bring these three iconic projects to life, creating beauty among three distinct neighbourhoods,” said Mandelbaum, president and CEO of Altree, in a release Wednesday. “At Altree Developments, we are dedicated to seeking out projects that allow us to build a meaningful experience within each community we enter, offering residents a locale to live, dream and thrive.”
Jersey City West Side Arts
Altree’s Jersey City West Side Arts development will be situated in Journal Square and the emerging Mana Contemporary Art District. It will consist of five buildings which include approximately 500 residential rental units, ranging between 450 and 1,300 square feet, along with approximately 50,000 square feet of retail and gallery spaces.
With close proximity to Mana Contemporary, Jersey Square and Lincoln Park, the development will be just 11 minutes from Wall Street and 23 minutes from Penn Station, Altree says.
Mandelbaum development history
Mandelbaum’s Altree Developments, launched in late 2018, continues a 70-year family legacy in the development industry, including H&R REIT (HR-UN-T), founded by his grandfather Sandy Hofstedter; and Lanterra Developments, founded by his father Mark Mandelbaum.
Prior to the launch of Altree, Zev Mandelbaum previously held roles as co-founder, chief operating officer and principal at at Toronto-based developer Marlin Spring, and commercial division lead at Lanterra Developments.
Altree is a full-service developer providing insight, expertise, and service throughout the full spectrum of development – from strategic acquisition to planning, construction and development, sales and marketing and finance structuring. The firm plans to create residential, commercial, and retail projects.