Promoters & Current owners
the offering
The West Side Square Development Fund is a recently established, focused, unincorporated investment fund with a 4-Year target investment horizon and a projected equity size of $50M USD. This Fund offers the chance to invest alongside Altree Developments Inc., Lanterra Developments Inc., and Westdale Construction Co. Limited in the development of West Side Square, a purpose-built rental in Jersey City, New Jersey. West Side Square is a fully zoned development site located in the Journal Square neighborhood. Construction is anticipated to commence following the closing of the offering. The development is strategically positioned on the New Jersey Port Authority (PATH) transit system, offering a 13-minute train journey to Manhattan's Financial District from the Journal Square Transportation Center. Numerous other sizable rental developments in the area, such as the Journal Squared Towers, have contributed to significant rental and economic growth in Journal Square in recent years, with continued development expected in the future. Moreover, West Side Square is situated adjacent to the Mana Contemporary Art Center and within walking distance of Lincoln Park and the Hackensack River Waterfront.
Experienced Management & Sponsorship Team
Strong Governance & Alignment with Current Owners
Fully Approval by the Jersey City Zoning Board and Shorter Investment Time Horizon
Potential Development Advantage Relative to Other Projects
Strong Location & Demographics with Opportunity for Growth
Strong Rental Market in Jersey City, Poised for Future Growth
4 Year Project Time Frame*
$10,000 C$ or US$ Minimum Investment
Registered Plan Eligible
Public Reporting Issuer
Board of Directors
Anthony Melman,
Independent Trustee
Chairman of the Board
Mandy Abramsohn,
Independent Trustee
John Brown,
Independent Trustee
Mark Mandelbaum,
Trustee
Mitchell Cohen,
Trustee
executive officers
Zev Mandelbaum,
Chief Executive Officer
Natalie Leibowitz,
Chief Financial Officer
Raphael Mandelbaum,
Chief Operating Officer
Jordan DeBrincat,
Chief Development Officer
unit classes
Class A Units – commission-based accounts $CAD
Class U Units – commission-based accounts $US
Class F Units – fee-based accounts $CAD
Class E Units – fee-based accounts $US
Public Disclosure
2023
2024
FAQ
Who Manages the Fund?
Who Promotes the Fund?
Contact Information
Media Contact