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Status

Project Status

Development

The project is currently working through development approvals, sales and marketing campaigns and/or is actively under construction.

Completed

Building is occupied by residential and/or commercial tenants/residents or is fully completed and registered.

PROJECTS

Kingridge Square

BY Kingridge Development Corp

Kingridge Square (Speers Commercial) is an office/commercial condominium development located on Speers Road, just east of Dorval Drive in south Oakville. The development consists of four buildings of which two are premium 2-storey buildings that front Speers Road. A total of 306 surface parking spaces are provided on the 4.95 acre property.

Construction started in 2015 and occupancy and registration occurred in early 2017. Fortress completed its role in the project in January 2019.

Kingridge Square

Commemorating the construction and completion of this ownership commercial development project in Oakville Ontario.

Progress Updates

See a visual timeline of progress at Kingridge Square on our progress updates page.

Pictured above is the site before construction start, after site clearing. Click on the centre and drag to view the entire site.

 


Summary

STATUS:  Completed

For more information about purchasing a unit at Kingridge Square visit www.235speers.com

Project Website

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We are very proud of Kingridge Square. It was originally envisioned as a high-rise apartment site, but our partner Dan Marion at Kingridge immediately recognized the opportunity to shift the use to a low-rise office and commercial condo development. We were fully on board with the shift in built form, and the results speak for themselves.

Jawad Rathore, President & CEO Fortress Real Developments

Project Updates

November, 2018

An exit of the remaining units is anticipated in the new year, which will mark the completion of this project.

August, 2018

The developer is starting a new sales and marketing program in a renewed effort to sell the remaining units. They expect to have them sold and closed by the end of the year.

April, 2018

A few units remain for sale at this completed and registered commercial project. Buyers interested in owning these commercial condominiums should contact Elliot Goldspink at CBRE at 905-315-3691.

January, 2018

Kingridge Square is now complete and registered. The developer has recently signed a bulk deal for sales to medical services and now has a small number of units remaining in the project. Buyers interested in owning these commercial condominiums should contact Elliot Goldspink at CBRE at 905-315-3691.

October, 2017

Kingridge Square is now complete and there are seven units left to sell. Buyers interested in owning these commercial condominiums should contact Elliot Goldspink at CBRE at 905-315-3691.

July, 2017

Kingridge Square is now completed and registered. The buildings are occupied by a variety of small businesses including accountants, tax advisors, lawyers, engineering firms, insurance agents, investment planners, realtors, construction companies, and medical professionals. There are available suites remaining at all four buildings (209, 217, 225 and 235 Speers Road), with unit sizes ranging from approximately 1,000 sf to 1,600 sf. Buyers interested in owning these commercial condominiums should contact CBRE at 905-315-3691.

April, 2017

Occupancy at this condominium office and retail development began at the end of 2016 and the project registered in February 2017. Sales are ongoing on these now finished office units. Visit www.235speers.com for more details on purchasing a unit in this development.

January, 2017

This condominium office and retail development will register in January 2017. Visit www.235speers.com for contact and project details.

October, 2016

Work on landscape and parking details commenced during the summer. Steel framing, masonry work and exterior cladding continues for the remainder of the commercial units. Interior outfitting has already begun with occupancy scheduled for the end of the year.

July, 2016

Construction work continued to progress over the spring months, which included completing the servicing and steel framing work for all commercial buildings. Over the summer and fall months, the exterior cladding will be completed and the interior outfitting will begin. Occupancy is scheduled for late 2016

April, 2016

Kingridge Developments have extensively progressed the construction of the commercial building shells, which will be fully enclosed over the summer months. Occupancy within the first phases of the development is anticipated for later this year.

January, 2016

Servicing and construction are currently underway for this commercial development with completion still on target for 2016. This project is over 70% sold.

October, 2015

Full-scale construction is now underway at Kingridge Square, with completion scheduled for 2016. CBRE is selling the remaining retail and office space for $303,000-$689,000 for 965 sf to 1,655 sf units.

July, 2015

Kingridge Square has achieved significant sales to qualify for construction financing. Financing has been arranged by Morrison Financial to allow for site servicing and excavation to begin this summer.

April, 2015

Earlier this year, site alteration work began and it has now been completed. CBRE continues to manage the sales of the commercial condo units in this project. As of the end of March, 20 units had been sold and Kingridge Development has been actively working on 10 additional purchaser leads. A few lender sources have shown strong interest in funding the build out of this project, and the developer expects to have an agreement in place this summer to begin construction.

January, 2015

Site plan approval has now been finalized, and site preparation works are currently underway. Sales will continue through the spring and construction is anticipated to begin in the summer.

October, 2014

This office condo project in Oakville has seen steady sales and achieved its site plan approval in September. CBRE is working with a number of potential buyers, and financing packages are being prepared internally to disseminate among our preferred construction lenders.

July, 2014

Kingridge Developments and their team of KNY Architects and BTI Landscape Architects submitted a full site plan application to the Town of Oakville, and it is currently in circulation with the municipality. The current submission consists of a four building plan, of which all buildings are intended to be two storeys. An official marketing package has been prepared, and CBRE has been tasked with selling the commercial condominium units in this office and medical project. The first building will be exclusively medical, and contains units from 960 sf to 1,583 sf.

April, 2014

The developer is taking registrations for pre-sales and has been speaking to several potential medical, professional and general office buyers. The Site Plan Application has been submitted to the Town and final drawings are being completed. The full marketing package with renderings will be available shortly with sales anticipated to start in May or June. The project will be named Kingridge Square.

Media Coverage

Kingridge Square JV a first for Fortress

“We weren’t specifically looking to get into the condominium commercial business, but the plan presented by Kingridge Developments made perfect sense for the area,” Ben Myers, Fortress’s senior vice-president of market research and analytics, told RENX.

Renx.ca
June 29, 2017

Construction of Ontario commercial condo project completed

Fortress Real Developments Inc. has completed Kingridge Square, which is comprised of four buildings situated at 209, 217, 225 and 235 Speers Road.

MortgageBrokerNews.ca
June 28, 2017

Fortress completes first commercial condo project at Kingridge Square

Fortress Real Developments Inc. (Fortress) and Kingridge Developments (Kingridge) have finished constructing Kingridge Square, an office and commercial condominium development in Oakville, Ontario.

RemiNetwork.com
June 26, 2017

© Fortress Real Developments 2019