GreyBrook logotype
Investor Login Contact Us

Greybrook Realty Partners Invests $43,525,000 in a Low-Rise Residential Development Project with Tribute Communities in Lindsay, Ontario

Date:
September 22, 2021
Share:

New residential development will bring over 2,600 homes to the community of Lindsay, Ontario.

Greybrook Realty Partners Inc. announced today the successful closing of an equity investment by its managed issuer of $43,525,000 to acquire and oversee the development of a prime parcel of land located east of Highway 35, south of Thunder Bridge Road, and north of Colborne Street West, in Lindsay, Ontario. Together with its developer partner, Tribute Communities, the firm intends to develop the land into a residential community consisting of over 2,600 townhomes, semi-detached and single-detached homes.

Located within the City of Kawartha Lakes north of Durham Region, the development site is inside the existing settlement area boundary in the well-connected community of Lindsay. The project lands abut against an existing residential community to the east and a new commercial and residential site currently under construction to the south, which is expected to bring big box retail to the immediate area. The site’s proximity to Highway 35 and Highway 7 provides convenient access to communities within and beyond the region, including neighbouring Peterborough, Durham Region as well as, communities in the northeastern parts of the Greater Toronto Area (‘GTA’) such as Markham and Richmond Hill via Highway 407. With a population of approximately 27,000, Lindsay is the largest community and economic hub in the Kawartha Lakes region. The community offers residents and visitors a variety of experiences including theatre, festivals, dining, museums, and galleries, and is home to the Lindsay Golf and Country Club and the Ken Reid Conservation Area.

“This investment is in line with our focus on acquiring prime land for residential development in the growing Greater Golden Horseshoe Region in Southern Ontario,” said Sasha Cucuz, CEO, Greybrook Securities Inc. “We are thrilled to be working once again with our long-standing developer partner, Tribute Communities, on the development of this master-planned community. This will be our thirteenth residential development together and we look forward to not only offering our investors a great investment opportunity, but also bringing much needed housing to this growing region that will spur economic activity and growth beyond the GTA.”

Read the full press release here 

Latest Insights

Sasha Cucuz and CIBC Deputy Chief Economist Present at Annual Greybrook Investor Event in Israel

Insights
February 28, 2023

The event offered Greybrook’s Israeli investors an opportunity to meet with fellow investors, engage with the Greybrook and Yazamnoo team, and hear keynote presentations from Sasha Cucuz, CEO of Greybrook Securities Inc., and CIBC’s Deputy Chief Economist, Benjamin Tal, who…

Residential Intensification Along The Queensway

Insights
February 28, 2023

Among the new developments are two of Greybrook’s residential projects that are expected to deliver over 1,500 condo units to the growing neighbourhood. Given its proximity to downtown Toronto, the relative cost of housing, local amenities, and easy access to…

Greybrook Celebrates Recent Team Member Promotions

Uncategorized
February 22, 2023

These promotions are a testament to our employees’ hard work and dedication, and we are proud to have them as part of our team.  As our employees grow and take on new responsibilities, they bring fresh perspectives, new ideas, and…

Construction Progress Continues at Archetto Woodbridge Towns

Portfolio Updates
February 17, 2023

The foundation work and backfilling process have now been completed, and our construction team has commenced framing the individual homes. At the corner of Pine Valley Drive and Major Mackenzie Drive, our low-rise development will bring a collection of 91…

Sasha Cucuz Speaks with The Canadian Real Estate Investor Podcast

Multi-media
February 10, 2023

Don’t miss this engaging episode titled, “Best & Worst Case for 2023 Real Estate Market” Sitting down with hosts Daniel Foch and Nick Hill, Sasha provided his perspective on how investors and developers can navigate the current real estate market…

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

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

Multi-media
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…

All Publications

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

Contact us