Altree Developments Inc. leads West Side Square Development Fund’s initial public offering, which successfully closed
The proceeds from the IPO of West Side Square Development Fund, an innovative mutual fund trust, will be used to fund the development and unlock the potential of West Side Square, an ambitious purpose-built rental development in New Jersey, offering value-creating potential for investors.
- The proceeds from the IPO of West Side Square Development Fund, an innovative mutual fund trust, will be used to fund the development and unlock the potential of West Side Square, an ambitious purpose-built rental development in New Jersey, offering value-creating potential for investors.
- Successful public capital raises to fund the development of West Side Square, while Altree, AJDL, Westdale Properties, among others, retain an interest in the project.
- As we embark on this transformative journey with the West Side Square Development Fund, we're not just reshaping the Jersey City skyline; we're unlocking significant value for Altree shareholders,” says Zev Mandelbaum, Altree Developments' Founder and CEO.
- “West Side Square's strategic location, seamless Manhattan connectivity, and integration into the Journal Square neighbourhood embody our commitment to innovation and urban development.