GreyBrook logotype
Investor Login Contact Us

Greybrook Realty Partners Invests $23,000,000 in a High-Rise Residential Development Project with Marlin Spring in Toronto, Ontario

Date:
June 24, 2021
Share:

The development adds to the firm’s growing portfolio of more than 85 real estate projects

Greybrook Realty Partners Inc. announced today the successful closing of an equity investment by its managed issuer of $23,000,000 to acquire and oversee the development of an assembly of properties located on the south side of Cosburn Avenue and the north side of Gowan Avenue, between Broadview Avenue and Logan Avenue in Toronto, Ontario. Together with its developer partner, Marlin Spring, Greybrook will develop the land into a high-rise condominium residence consisting of over 320 units.

Located just east of Broadview Avenue and north of Danforth Avenue, the development site is situated within walking distance to Greektown, one of Toronto’s most vibrant and cosmopolitan areas and home to the renowned “Taste of the Danforth” festival, which draws over one million visitors annually. The site is also located within walking distance to an abundance of retail stores, cafes, and restaurants along Danforth Avenue, as well as schools, grocery stores, and the Don Valley trail and park system. The site is conveniently located near the TTC Bloor-Danforth line via Broadview Station, with area connectivity expected to be enhanced by the proposed TTC Ontario Line. Linking from north to south and east to west, the proposed Ontario Line is expected to connect riders from the Ontario Science Centre to Exhibition Place in approximately 30 minutes. A Preliminary Design Business Case put forth by Metrolinx in 2020 confirmed the location of the proposed Cosburn Station, which will be a short walk from the site. Commencement of subway service at the proposed Cosburn Station is targeted for 2030. Additionally, the site is located near the Don Valley Parkway, offering an easy connection to Toronto’s downtown core, the Gardiner Expressway, and 400 series highways.

“We pride ourselves on our ability to source great opportunities to invest in desirable submarkets outside of the Toronto core and this investment in The Danforth, a commercial-residential neighbourhood east of the city core is an excellent example of this,” stated Alex Riajskikh, Managing Director, Private Capital Markets, Greybrook Realty Partners. “We took a similar approach with our Linx condominium project at Main and Danforth and in the city’s west end with our Stockyards District Residences condominium project. We are looking forward to working alongside our long-time developer partner, Marlin Spring, who is developing a number of residential condominium projects nearby in Toronto’s east end.”

Read the full announcement on Cision News Wire

Latest Insights

Occupancy Begins at House of Assembly: A New Chapter for Sterling Junction

Portfolio Updates
June 25, 2025

We’re pleased to share that occupancy is now underway at House of Assembly in Toronto’s west end. Developed in partnership with Marlin Spring, HOA is the first of three residential buildings to be delivered as part of the larger Sterling…

Greybrook Realty Partners Invests $22,470,000 in a Residential Development Project in Brantford, Ontario

Company News
June 19, 2025

Greybrook Realty Partners Inc. announced today the successful closing of an equity investment by its managed issuer of $22,470,000. This investment will support the acquisition and management of a development spanning 150 projected net developable acres, located south of Tutela…

Boardroom Brief: EP. 08 – Investing With Geographic Perspective

Insights
June 16, 2025

What happens when strong long-term fundamentals are met with short-term economic headwinds? In the latest episode of Boardroom Brief, we explore how Greybrook is navigating the delicate balance between opportunity and caution in today’s dynamic real estate landscape. Greybrook Securities…

John Huffman speaking at the PCMA Annual Conference 2025

Beyond Headwinds: Unpacking Canadian Real Estate Opportunities at PCMA 2025

Community
June 16, 2025

The recently hosted PCMA 2025 Annual Conference – Canada’s premier event for private investment leaders – served as a critical forum for dissecting 2025’s complex real estate landscape. As a conference sponsor and featured panelist, our firm was proud to have…

138 Yorkville Celebrates the Art of Timeless Design: A Man & His Watch, F.P. Journe

Portfolio Updates
June 12, 2025

Our ultra-luxury residence 138 Yorkville, developed in partnership with Cityzen and First Capital, continues its series of curated experiences as part of a broader marketing strategy, recently welcoming a select group of discerning collectors and tastemakers for an exclusive immersion…

From Boardroom to Ballpark: Greybrook Celebrates Summer Social 2025

Culture
June 9, 2025

This year’s Summer Social was a home run! Held in the TD Executive Lounge at Rogers Centre, the Greybrook team came together to enjoy an afternoon of baseball, camaraderie, and celebration as we cheered on the Toronto Blue Jays. Highlights…

Greybrook Team Pedals to Support 4th Annual Baycrest Bike for Brain Health

Community
June 2, 2025

This past Sunday, members of the Greybrook team proudly participated in the 4th annual Baycrest Bike for Brain Health charity event, riding along the Don Valley Parkway and Gardiner Expressway to help raise awareness for brain health. As Canada’s largest…

Greybrook and PMG Celebrate Topping Off of Society Las Olas Phase II

Portfolio Updates
May 16, 2025

Greybrook and our partner PMG, are pleased to announce the topping off of the second phase of Society Las Olas, a 563-unit, 42-story apartment tower in Downtown Fort Lauderdale. Located at 140 SW 2nd St., Society Las Olas is a…

Boardroom Brief: EP. 07 – BMO Chief Economist Douglas Porter on Post-Election Forecasts, Trade Tensions & Canada’s Housing Market Outlook

Insights
May 8, 2025

For this special episode of Boardroom Brief, we invite you to listen in on a timely fireside chat between Greybrook Securities CEO Sasha Cucuz and Douglas Porter, Chief Economist at BMO Financial Group. The conversation took place live at Greybrook’s…

Navigating Uncertainty: Key Insights from Greybrook’s 2025 Investor Event

Insights
May 5, 2025

Last Thursday, Greybrook hosted its 2025 Perspectives & Insights event, bringing together investors for an evening dedicated to unpacking critical economic trends and their implications for real estate and investment strategies. Doug Porter, Chief Economist at BMO Financial Group, served…

All Publications

Join our newsletter and keep up to date with our news & insights

Contact us