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

The Elser Hotel & Residences Miami Successfully Closes on $80M in Sales in Less Than 60 Days

January 20, 2023

Greybrook and PMG are pleased to announce The Elser Hotel & Residences Miami, a 49-story new construction luxury condominium located at 398 NE 5th St., has successfully closed on $80 million in sales in less than 60 days. This immense…

Emerald Crossing Welcomes First Wave of Homeowners

January 20, 2023

Homes in the first phase of the development will continue to close throughout 2023. This development is divided into two phases, 138 homes in Phase 1 and 119 homes in Phase 2, including 70 premium lots that back onto protected…

Waterside Villas in Whitby Nears Completion

January 15, 2023

Construction has progressed on the remaining blocks of townhomes in the development with only one block of townhomes left to be completed. Home closings began in Q2 2022, with the final closings slated for the end of Q1 2023. Located…

Greybrook Invests $41,545,000 in a High-Rise Residential Development Project with Tribute Communities in Whitby, Ontario

Portfolio Updates
January 13, 2023

Greybrook Realty Partners Inc. announced today the successful closing of an equity investment by its managed issuer of $41,545,000 to acquire and oversee the development of a parcel of land located on the west side of Charles Street between Victoria…

Watch Greybrook’s 2022 Sizzle Reel – A Year of Milestones

January 12, 2023

Watch our 2022 Sizzle Reel Over the past year, we invested in our 100th real estate project and surpassed $2 billion of equity capital deployed. Having achieved these major milestones, our portfolio is now valued at over CAD$30 billion of…

The Regional Municipality of Durham – A Region on the Rise

Insights
November 30, 2022

Greybrook has been investing in the growing region since 2017 and is continuing to actively evaluate both low-rise and high-rise investment opportunities to meet the needs of Durham Region’s growing population. Click here to view Greybrook’s portfolio in Durham Region…

An Inside Look at The Elser Hotel & Residences Miami

Multi-Family
November 29, 2022

On November 17th the Development Team celebrated the official launch with a ribbon-cutting ceremony that also marked the launch of the hotel component at The Elser alongside our partner, PMG, and industry leading hospitality management company, Highgate. The hotel welcomed…

Construction Progress Continues at 181 East in Toronto

November 28, 2022

With excavation now complete and the first of two cranes erected, the construction team is now pouring the ground floor on the western portion of the site and expects to have the underground garage fully formed up to grade in…

Greybrook CEO Peter Politis Featured Guest on the CashFlow Pro Podcast

Uncategorized
November 21, 2022

Watch the episode below. In the episode titled “Real Estate Investing in Development”, Peter discusses Greybrook’s Society Living platform to an engaged audience of hands-on real estate investors. He shares the unique selling proposition of this national platform – affordable…

Velo Blu Pedal for Blu Genes Charity Ride Raises Over $430,000

Uncategorized
November 15, 2022

Watch the 2022 Velo Blu Highlight Video What started as a personal mission to find a cure for a rare and fatal genetic disorder called Tay-Sachs disease soon became a larger vision of raising funds and awareness to advance gene…

All Posts

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

Contact us