Greybrook Realty Partners Inc. announced today the successful closing of an equity investment by its managed issuer of $55,475,000 to acquire and oversee the development of three prime parcels of land located on the northwest and northeast corners of Markham Rd. and Major Mackenzie Dr. E., in Markham, Ontario. Together with its developer partner, Fieldgate Homes, the firm intends to develop a residential community consisting of over 850 townhomes and six high-density residential condominium blocks.
The City of Markham has experienced exceptional growth in recent years, establishing itself as the largest municipality in York Region and the fourth most populous city in the Greater Toronto Area. Markham is the home of the second largest tech cluster in Canada, anchored by over 1,500 technology companies and a high concentration of Canadian head offices, employing a highly educated and skilled workforce. Situated across from an established neighbourhood, the development site is close to key transit nodes and provides exceptional access to major highways. The site is also in close proximity to several area amenities including, the Angus Glen Community Centre and the Angus Glen Golf Club — home of the 2002 and 2007 Canadian Open, the CF Markville Mall as well as the future proposed York University Markham campus (slated to open in 2023).
“We are thrilled to once again be working alongside our developer partner, Fieldgate Homes, a top-tier developer with extensive experience developing in the City of Markham and York Region” said Jared Berlin, Executive Director, Asset Management at Greybrook Realty Partners. “This will be our eighth residential development together and we look forward to expanding our presence in the region and providing the homes needed to meet the strong housing demand in Markham, a city with a rapidly increasing population but a scarcity of developable residential lands.”
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.
For further information:
Greybrook Realty Partners Inc.
Sarah Mansour, Executive Director, Strategy & Corporate Development
media@greybrook.com
This content is password protected. To view it please enter your password below: Password:
The federal government recently launched Build Canada Homes, a new agency with an ambitious mandate: to rapidly scale up housing construction across the country, aiming to help double the national housing supply and improve affordability as part of Canada’s broader…
With interest rates elevated, higher costs, and policy hurdles mounting, Greybrook CEO Peter Politis joined The Your Life! Your Terms! Show on the “How Billion Dollar Developers See Canadian Real Estate In 5 Years” episode to discuss what these shifts…
The 6th Annual Velo Blu charity ride returned to Peller Estates Winery in Niagara-on-the-Lake on September 19th, once again demonstrating the power of community commitment to life-changing medical research. This year’s inspiring event raised $360,000, bringing Velo Blu’s cumulative contribution…
On September 17th, Greybrook proudly celebrated the grand opening of our new Vancouver office with a special lunch event at Seasons in the Park restaurant. The occasion was a great success and a celebration of Greybrook’s established presence in the Vancouver area.…
Greybrook announced today the acquisition of Terra at Piney Point, a 246-unit garden-style apartment community situated between Houston’s Galleria and West Houston neighborhoods, adjacent to Piney Point Village, one of Texas’s most affluent communities for the purchase price of US$35,600,000.(1)…
Yesterday, Greybrook proudly took part in the 16th Annual Constantine Yorkville Run, joining 1,200 dedicated runners and walkers to raise vital funds for over 30 local charities in Toronto. This longstanding community-driven 5K event has raised more than $5.4 million…
Greybrook Realty Partners Inc. announced today the successful closing of an equity investment by its managed issuer of $31,525,000. This investment will support the acquisition and management of a development spanning approximately 45 projected net developable acres, located at 10378…
Since announcing our investment in the Yonge and Eglinton project earlier this year, our team – together with long-standing partner Stafford Homes – has been moving purposefully through the early stages of development. Located at 29–45 Berwick Avenue, just west…
Following a landmark crane installation last year, construction at 138 Yorkville, our ultra-luxury high-rise development located in Toronto’s Yorkville neighbourhood, is progressing well. In recent months, the construction team has made steady progress on the underground levels, completing the major…
