Greybrook Realty Partners Inc. announced today the successful closing of an equity investment by its managed issuer of $26,385,000 to acquire and oversee the development of a prime parcel of land located in Brooklin, Ontario. Together with its developer partner, Treasure Hill Homes, the firm intends to develop the land located at 6760 and 6900 Baldwin Street North into a residential community consisting of over 470 townhomes and single-detached homes.
Located east of Toronto, in the Town of Whitby, the community of Brooklin has experienced exceptional population growth that is projected to persist in the years ahead. Offering residents modern conveniences surrounded by historic charm, the development site is situated in close proximity to Brooklin’s bustling downtown core, a designated heritage area with an eclectic variety of restaurants, cafes, shops, and pubs. The 28-acre development site, is well connected, providing easy access to Highway 407 and 401, with connections throughout the GTA. The community boasts sprawling areas of natural greenspace, accompanied by a network of designated walking and biking trails. The site is near notable area amenities including, the Winchester Golf Club and the renowned Herber Down Conservation Area, with access to an abundance of amenities located throughout the broader Durham Region.
“We look forward to further expanding our presence in Durham Region and providing the necessary homes required to meet the strong housing demand experienced” said Jared Berlin, Executive Director, Asset Management at Greybrook Realty Partners. “This marks Greybrook’s 11th residential project with long-time developer partner, Treasure Hill Homes, a respected developer with over 10,000 homes built or in development across the GTA.”
Forward-Looking Information
This announcement 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.
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