GreyBrook logotype
Investor Login Contact Us

Greybrook Realty Partners Invests $25,300,000 in a High-Rise Residential Development Project with Metropia in Toronto, Ontario 

Date:
May 16, 2022
Share:

New residential development expands the firm’s presence in the Toronto core in the city’s Downtown East neighbourhood minutes away from Toronto Metropolitan University (formerly known as Ryerson University).

Greybrook Realty Partners Inc. announced today the successful closing of an equity investment by its managed issuer of $25,300,000 to acquire and oversee the development of an assembly of properties located on the south side of Dundas Street East between George Street and Pembroke Street in Toronto, Ontario. Together with its developer partner, Metropia, Greybrook will develop the land into a high-rise condominium residence consisting of over 500 smaller scale units with no resident parking, in-line with the new city-wide parking standards enacted by Council. 

Located in the heart of Toronto within the Downtown East neighbourhood, the development site is only a short walk from Toronto Metropolitan University and is ideally situated near an abundance of lifestyle amenities including Yonge-Dundas Square and CF Toronto Eaton Centre, a two million square foot shopping centre spanning five floors with over 300 retailers and a range of dining options. The site is exceptionally well-connected offering opportune access to a streetcar stop on Dundas Street East and minutes away from Dundas Subway Station with area connectivity to be further enhanced by the proposed TTC Ontario Line as the site will be only a short walk from the future Moss Park Station. Access to Toronto’s underground PATH system via the CF Toronto Eaton Centre connects area residents to areas such as the Financial District and spans all the way to the Waterfront with over 1,200 services and shops throughout the ~30km’s walkway. 

“There are not many attractive development sites left in the Toronto core that are as well connected as this site,” said John Huffman, Vice President, Asset Management Greybrook Realty Partners. “Building a community close to transit infrastructure provides mutual benefits and is efficient community-building. The development site is primely located in a transit-rich neighbourhood and is only steps away from Toronto Metropolitan University’s core campus, one of the largest comprehensive universities in Canada. We are excited to provide housing in an area that is transforming and poised for further growth. We are thrilled to be working with Metropia, a well-respected and seasoned developer who has planned, built, and managed more than 14,000 units and more than 13 million square feet of density across the GTA .” 

Forward-Looking Information 

This news release contains forward-looking statements that are based on management’s current expectations and are subject to known and unknown uncertainties, which could cause actual results to differ from those contemplated or implied by such forward-looking statements. Greybrook is under no obligation to update or revise any forward-looking statements contained herein, whether as a result of new information, future events, or otherwise. 

Latest Insights

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

Company News
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 Doug 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

Uncategorized
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…

Leaders Lounge 2025: Toronto’s Real Estate Leaders Gather to Chart the Future

Uncategorized
April 24, 2025

On April 3rd, Toronto’s premier real estate networking event, Leaders Lounge 2025, brought together some of Toronto’s most influential industry leaders for an unforgettable evening of insights, conversation, and collaboration. Hosted by UJA and Toronto Real Estate Leaders, the invitation-only…

Greybrook Invests $22,850,000 in a High-Rise Residential Development Project with Stafford Homes in Toronto, Ontario

Uncategorized
April 23, 2025

Greybrook Realty Partners Inc. announced today the successful closing of an equity investment by its managed issuer of $22,850,000 to acquire and oversee the development of a prime parcel of land located west of Yonge Street on Berwick Avenue, immediately…

Alex Nisenker, VP Private Capital Markets, Talks Navigating Market Volatility and Development Opportunities on The Well Off Podcast

Insights
April 2, 2025

Uncertain market conditions continue to be a consideration for business owners and investors alike, encouraging many to reassess their strategies and prioritize core strengths while identifying opportunities for long-term success. In the latest episode of The Well Off Podcast, Alex…

Boardroom Brief: EP. 06 – Staying Ahead in Uncertain Times

Insights
March 26, 2025

Uncertainty dominates today’s headlines – from economic volatility to geopolitical tensions – and the real estate market is no exception. Developers and investors alike are navigating rising costs, evolving policies and shifting buyer behaviours in an environment where adaptability is…

Greybrook Celebrates International Women’s Day 2025

Company News
March 8, 2025

At Greybrook, we are proud to recognize and celebrate the extraordinary women who have played an integral role in shaping our organization. This year, in honour of International Women’s Day and Women’s History Month, the women at Greybrook came together…

Greybrook Team Members Roll Up Their Sleeves to Support ‘The Common Table’

Company News
March 3, 2025

At Greybrook, we recognize the importance of contributing to the communities where we live and work. Recently, our team had the opportunity to come together to volunteer at The Common Table, a Toronto-based drop-in program that provides meals, essential support…

Boardroom Brief: EP. 05 – Trump, Tariffs & Trade Tensions: What the Potential U.S. Tariffs Could Mean for the Real Estate Market

Insights
February 5, 2025

The prospect of a trade war that could disrupt the North American economy is on hold – for now. U.S. President Donald Trump has agreed to delay imposing 25% tariffs on Canada and Mexico for 30 days, easing immediate concerns…

The Elser Hotel & Residences Miami is Over 95% Sold

Portfolio Updates
January 28, 2025

The Elser Hotel & Residences continues to meet the demand of Miami’s evolving real estate market, with over 95% of its units now sold. Its exceptional amenities, prime location, and attractive hotel rental model remain key drivers, drawing discerning owners…

All Posts

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

Contact us