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Once complete, Mimico Commons will offer a mix of studio, one-, two- and three-bedroom suites, along with select ground-floor units, designed for families, students, downsizers, and young professionals. Residents will have access to a full suite of amenities including a fitness centre, coworking space, party room, children’s playroom, landscaped terrace, rooftop gathering space and an onsite dog run.
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“Advancing Mimico Commons in today’s market reflects the strength of our conviction in high-quality rental housing in well-located communities with long-term demand,” said Jaime McKenna, President, Fengate Real Estate. “Once complete, Mimico Commons will bring new rental supply to an established neighbourhood where residents will benefit from access to transit, local retail, parks and the waterfront, and it demonstrates the value of working with partners who share our vision of creating complete, connected communities.”
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“As a resident of Etobicoke, we take pride in helping shape the community we call home and in delivering quality rental housing here, at a time when the market needs it most,” said Ernie Rinomato, Co-Founder, Rinomato Group of Companies. “Partnering with Fengate, while continuing to strengthen our long-standing relationship with LiUNA, positions us to transform this site into a thriving, transit-oriented community. Mimico Commons will generate meaningful work for construction workers and LiUNA members, creating local jobs while adding much-needed rental supply to the community.”
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Ground-floor retail will complement the independent shops and restaurants already established along Royal York Road, completing a community where residents can meet their daily needs just steps from home. The project is targeting LEED certification, highlighting Fengate’s responsible investment approach and commitment to sustainability.
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Mimico Commons is expected to welcome its first residents in mid-2029.
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About the LiUNA Pension Fund of Central and Eastern Canada
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Established in 1972, the LiUNA Pension Fund of Central and Eastern Canada (LPFCEC) is one of the fastest growing multi-employer pension funds across Canada, voted top 10 pension funds by Benefits Canada. With a diverse investment portfolio and over $13 billion in assets, LPFCEC has yielded positive returns for the plan, great work opportunities for LiUNA members, and has created many needed institutions across North America through a broad range of investments. Learn more at lpfcec.org.
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About Fengate Asset Management
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Fengate is a leading alternative investment manager, with more than $40 billion of assets under management, focused on infrastructure, private equity, and real estate strategies. With offices and team members in Canada and the United States, Fengate has a proven track record of successful projects and partnerships and an established reputation as one of the most active real asset investors and developers in North America. Fengate Real Estate, a division of Fengate Asset Management, is a fully integrated real estate investment, development and asset management platform with $9.2 billion of assets under management, including a 25,000+ residential unit pipeline and 5M+ square feet of industrial space in varying stages of development. Learn more at fengate.com.
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About Rinomato Group of Companies
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Founded in 1964, the Rinomato Group of Companies (RGC) is a vertically integrated Canadian real estate development firm and one of the country’s established family offices in the construction industry. Across six decades, RGC has delivered thousands of residential, commercial, industrial and mixed-use properties, holding to the standards of construction excellence that have become its signature. The firm today carries more than $4 billion in active projects, 5.7 million square feet under development and a pipeline of 14,400 residential units. Country Homes, among RGC’s original ventures and a cornerstone of the RGC family, has built distinguished master-planned communities in some of Ontario’s most sought-after locations, earning the H.O.M.E. Award for Best Customer Experience, Builder of Choice and Industry Ambassador of the Year from among Canada’s leading homebuilders. Learn more at rinomatogroup.com.
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English (US)