Collier Centre

Barrie’s Collier Centre nears completion

Wednesday, August 31, 2016

Fortress Real Developments Inc. has announced its Collier Centre and Lakeview Condominium project in Barrie, Ontario, is now over 80 per cent complete. The project consists of a non-residential building, expected to be complete later this year, and a residential condominium.

The residential building’s units are currently 95 per cent sold, and are expected to be ready for occupancy beginning in January 2017. Fortress and EllisDon are currently finalizing colours and finishes for the interiors.

“The substantial progress in the Collier Centre project is even more significant when you consider where the project was just over a year ago, when Fortress stepped in to rescue it during CCAA proceedings,” said Jawad Rathore, Fortress president and CEO, in a press release. “In addition to the amount paid to purchase the Collier Centre, Fortress Collier has invested to-date an additional $5 million into the project.”

The Collier Centre is a mixed-use mid-rise development located in downtown Barrie. It features office, retail and a seven-storey residential condominium. The commercial and office components of the development have attracted anchor tenants such as Bank of Montreal and Druxy’s. Both the office and residential buildings will feature views of Kempenfelt Bay and downtown Barrie.

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