Greybrook Realty Partners Inc. announced today the successful closing of an equity investment by its managed issuer of $20,000,000 to acquire and oversee the development of a prime parcel of land located at 2237, 2255, and 2283 St. Clair Avenue West in the City of Toronto. Together with its developer partner, Marlin Spring, the firm intends to develop the land into a mid-rise condominium residence comprised of two connected buildings consisting of over 380 units.
Located on St. Clair Avenue West, between Runnymede Road and Keele Street and in Toronto’s Stockyards District, the development site is well situated with nearby cafés and restaurants, and minutes away from RioCan’s Stock Yards Village, a 500,000 square foot shopping centre spanning two levels with over 50 major retailers and range of dining options. The site is well connected with convenient access to a streetcar stop on St. Clair Avenue West and a short walk to the proposed future St. Clair – Old Weston GO Station, included in the SmartTrack Station Program, which is anticipated to commence operations in 2026 and offer passengers direct access to Union Station in approximately ten minutes. The development site is steps away from popular outdoor recreational parks and activities, including Runnymede Park and an outdoor ice rink at George Bell Arena, and is a short drive to the Gardiner Expressway, offering easy connection to Toronto’s downtown core and Highway 427 and 400 series highways.
“This is a great addition to our development portfolio and an opportunity to further expand our footprint in Toronto’s burgeoning Stockyards District neighbourhood with our developer partner Marlin Spring,” said Jared Berlin, Executive Director, Asset Management, Greybrook Realty Partners. “The development site is directly across the street from our Stockyards District Residences that is expected to begin occupancy in early 2022, and adjacent to our Upper Junction II development. These developments, along with others in the neighbourhood will encourage more retail and lifestyle amenities as the buildings are completed and add to a neighbourhood known for its strong community roots and excellent current and future transit options.”
The crew from Greybrook teamed up with the construction professionals at 485 Normandy Street, Habitat for Humanity GTA’s most recent development in Oshawa, which will add 50 affordable units to the community. This initiative and GTA build day will help…
As vertical construction begins, it will be exciting to see this 16-storey residence designed by Graziani + Corazza Architects Inc. start to take shape. The first of three condominium buildings in the Sterling Junction neighbourhood with developer partner Marlin Spring,…
The western portion of the site is forming the third floor, and the eastern part is currently forming the ground floor verticals. Over the next few months, formwork will continue to the roof, with the building top-off expected to occur…
We had the pleasure of welcoming over 120 investors and guests to the event, which provided us with a great opportunity to meet with our investors in person and share with them our perspectives on the economic outlook for Canada…
Since breaking ground in September 2021, construction has progressed steadily across the site, with the building top-off expected in early 2024. The compact nature of the downtown construction site at approximately 0.4 acres offered unique challenges to completing the…
Our Linx Condos development will soon reach a significant construction milestone with the official building top-off. We recently took a tour of the high-rise building to see the progress made to date thanks to the hard work of our construction…
Click here to listen to the engaging interview below titled “State of the Market: Mastering Acquisitions.” During the discussion, Peter provided insight into Greybrook’s expanding portfolio in South Florida with completed projects, including The Elser Hotel & Residences and Society…
On April 19, Greybrook’s managed issuer successfully closed on a $40,000,000 equity investment. The funds will be used to acquire and oversee the development of a parcel of land located on the west side of St. Lawrence Avenue, south of…
On the east side of the site, vertical construction of the townhomes has commenced following the completion of the forming of the underground garage last year, with four of the seven townhome blocks on this portion of the site at…
Since we began investing in Florida, we have watched the Sunshine State grow significantly, benefiting from consistent migration to the state and a transformation of cities and key markets along the east coast. With a population of over 22.2 million…
