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.
Since breaking ground in September 2021, construction has progressed steadily across the site, with the building top-off expected in early 2024. The compact nature of the downtown construction site at approximately 0.4 acres offered unique challenges to completing the…
Our Linx Condos development will soon reach a significant construction milestone with the official building top-off. We recently took a tour of the high-rise building to see the progress made to date thanks to the hard work of our construction…
Click here to listen to the engaging interview below titled “State of the Market: Mastering Acquisitions.” During the discussion, Peter provided insight into Greybrook’s expanding portfolio in South Florida with completed projects, including The Elser Hotel & Residences and Society…
On April 19, Greybrook’s managed issuer successfully closed on a $40,000,000 equity investment. The funds will be used to acquire and oversee the development of a parcel of land located on the west side of St. Lawrence Avenue, south of…
On the east side of the site, vertical construction of the townhomes has commenced following the completion of the forming of the underground garage last year, with four of the seven townhome blocks on this portion of the site at…
Since we began investing in Florida, we have watched the Sunshine State grow significantly, benefiting from consistent migration to the state and a transformation of cities and key markets along the east coast. With a population of over 22.2 million…
With construction equipment and crews mobilized on site, the foundation digs have begun on the first homes in the community. Construction of the Wastewater Treatment Plant is also progressing well and is expected to be operational in time for the…
This internal event is an opportunity for the Greybrook team to reflect on the achievements and milestones we have accomplished together while looking forward to the year ahead and beyond. Greybrook’s leadership team shared our 2022 achievements during this year’s…
At Greybrook, we are honoured to have many talented, dedicated women on our team who have enormously impacted our company. This year’s International Women’s Day theme is #EmbraceEquity, which emphasizes the importance of creating a more equitable world for women.…
The value-add programs aim to enhance the quality and operation of each of the properties making them more energy efficient, enhancing common areas and the suites, and improving the financial performance of the assets. In Canada, Greyspring’s portfolio includes 30…
