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
On December 20th, Greybrook successfully closed on a $42,000,000 investment completed by its managed issuer. The funds will be used to acquire and oversee the development of a prime parcel of land located at the intersection of Warden Avenue &…
Greybrook is proud to share our support towards the revitalization of The City of Cambridge’s Preston Memorial Auditorium. This contribution will play a crucial role in the ongoing renovation and expansion of the recreational facility, which will continue to serve…
This past fall, the 5th Annual Velo Blu charity ride for Blu Genes took place, bringing together over 140 participants and raising more than $400,000 for gene therapy research. Set at Peller Estates Winery, this unforgettable event highlighted the power of community…
Since its launch last October, the low-rise, master-planned community—developed in partnership with Tribute Communities—has continued to attract interest from prospective buyers eager to experience the small-town charm of Lindsay. Now, with the grand opening of the showhomes, buyers have the…
The rise of artificial intelligence (AI) and the increasing adoption of technology across industries has led organizations to explore new ways to transform and streamline operations to stay competitive. As a result, the demand for tech talent has surged, often…
One of the most common questions we hear from investors is: How do we determine where to invest, especially as markets evolve? In today’s dynamic real estate landscape, making sound investment decisions requires a disciplined and selective approach. During a…
We’re excited to share the highlights from Inside Track 2024, our annual investor event that offers industry-leading insights and engaging discussions on the future of real estate and the broader economy. This year, attendees had the opportunity to hear from…
We recently had the opportunity to fly over our Archetto Towns project in Woodbridge, offering a new perspective of our 91 townhomes low-rise community. Standing out against the eye-catching backdrop of vibrant fall foliage, this exclusive collection of contemporary townhomes,…
We are thrilled to announce that our Artistry Condos high-rise development in Toronto’s vibrant Grange Park community has reached a significant milestone with the successful topping-off of the building. This achievement marks the completion of the structural formwork at its…
We are proud to share that Linx Condos was recently nominated for the prestigious Heritage Toronto Awards in the Built Heritage category. This year’s 49th Annual Heritage Toronto Awards celebrated exceptional contributions to the preservation and evolution of the city’s…
