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

Greybrook Realty Partners Invests $9,800,000 in a Residential Development Project with Tercot Communities and Cityzen in Guelph, Ontario

September 23, 2022

Greybrook Realty Partners announces the successful acquisition of a prime parcel of land located at 115 Watson Parkway North in the City of Guelph, Ontario following the successful close of an equity investment by its managed issuer of $9,800,000 to…

Greybrook x Toronto Life x Canadian Business Host 3rd Thought Leadership Panel

Insights
September 15, 2022

As proud Canadians and active real estate investors and city builders, we are keenly focused on Canada’s growth and economic prosperity, and exploring its reputation as a global leader. The film and television industry is no exception, having played a…

Greybrook Sponsors and Participates in 2022 Constantine Yorkville Run

Uncategorized
September 13, 2022

Greybrook is proud to have continued our support as a sponsoring partner and participant of this year’s Constantine Yorkville Run. Over 1,000 enthusiastic runners and walkers came out to support and raise funds for more than 30 local charities. Known…

Greybrook Projects Taking Shape Across the Portfolio

Portfolio Updates
August 31, 2022

Featured in this article are just a few of the exciting updates on projects taking shape within our portfolio. Stockyards District Residences If you take a drive along St. Clair Avenue West in Toronto’s west-end, you will come across our…

The Regional Municipality of York – Building for the Future: A Region on the Rise

Insights
August 30, 2022

Click here to view Greybrook’s portfolio in York Region Stretching north from Toronto to Lake Simcoe, York Region is a rapidly growing municipality comprised of nine cities and townships and is home to more than 1.1 million residents, forming the…

Greybrook x Toronto Life x Canadian Business to Host 3rd Thought Leadership Panel

August 30, 2022

Continuing the theme of Canada’s appeal on the global stage, our upcoming panel will explore Canada’s emergence as a global leader in the film and television industry and why it is being hailed as ‘Hollywood North’. With international competition for…

Greybrook Participating in Upcoming 3rd Annual Velo Blu Charity Ride in Support of Blu Genes

August 25, 2022

Velo Blu is a sought-after charity ride for avid and recreational cyclists and is a celebratory event on a mission to advance gene therapy for rare genetic disorders. The BLU GENES Foundation began with a personal mission to find a…

Underground Construction Steadily Progresses at Society Atlanta

Multi-Family
August 24, 2022

The development progressed swiftly following land acquisition, building design, and the receipt of municipal approvals. Work onsite has been focused on completing the drill shafts and piles to anchor the building to the bedrock below. We received our vertical permit…

Greybrook Launches Career Page and Celebrates Team Growth

Uncategorized
August 15, 2022

At Greybrook, we pride ourselves on our ability to foster an inclusive culture that supports our employees, recognizes talent, and encourages creative problem-solving, leadership, and initiative. As we continue to grow our organization and portfolio of projects across Canada and…

Greybrook x Toronto Life x Canadian Business Host 2nd Thought Leadership Panel

Insights
July 29, 2022

As Canadians and active real estate investors and city builders we are keenly focused on Canada’s future, the country’s growth, and its economic and social prosperity. Coming out of a period of major disruption due to the pandemic and navigating…

All Posts

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

Contact us