By Lucas | on August 2, 2013 |
Recently, we had the opportunity to chat with Peter Politis of Greybrook Realty Partners, whom we interviewed earlier this year about Greybrook’s role in the new home building industry. This time, we discussed a very high profile Toronto project that Greybrook is working on with Empire Communities. For now, the project is going by the name “140 Yorkville.”
140 Yorkville will rise a total of 35 storeys. The bottom two storeys are designated for retail space. There will be a total of 348 residential units. The average size of the units is estimated to be about 767 square feet. There will also be 247 parking spaces, presumably in an underground garage. According to Politis, Empire Communities is aiming for completion by the end of 2017.
Politis also mentioned that Empire Communities will be opening a presentation centre for 140 Yorkville in Dubai. It’s obvious that 140 Yorkville will be one of Toronto’s most luxurious condos in the near future if Empire is confident enough to open a tangible presentation centre in one of the richest cities in the world.
Politis is calling 140 Yorkville “a genuine Yorkville address,” and stated quite confidently that “it’s one of the best corners of real estate in the country.” You know what? It’s hard to argue that.
Near the corner of Avenue Rd. and Yorkville Ave., 140 Yorkville is at the heart of Toronto’s most luxurious district. High-end shopping options, art galleries, and the finest dining can be found along the streets of Yorkville.
Politis explained that 140 Yorkville will be connected to Hazelton Lanes mall, which is being redeveloped by First Capital. Apparently, there are talks of two or three very high-end retailers coming to occupy Hazelton Lanes once the redevelopment is complete. As Politis put it, “the whole block is going to change.”
Greybrook helps put up a chunk of the money needed to market the condo development, as well as purchase the land. The investors Greybrook finds have the option to invest any amount of money they choose, with a minimum of $25,000. Greybrook basically offers a way for people to invest in the condo market without actually having to own. Greybrook has worked with many big name developers, including Cityzen, Fernbrook, and Tribute Communities.
We are really looking forward to Empire Communities bringing 140 Yorkville to market. The design is great and the location is perfect. Stay tuned, we’ll be keeping a close eye on this very exciting development!
Source: http://blog.newinhomes.com/news/peter-politis-talks-140-yorkville/
We’re pleased to share the strong market response to Château 9, one of our latest active townhome communities in partnership with Treasure Hill. This past weekend’s launch event brought together prospective homeowners and the broker community for a firsthand look at the…
After more than a decade of investing in and managing multifamily assets across multiple market cycles in Canada and the U.S., our team has built deep in-house expertise and experience spanning ground-up development through to operational management and value creation.…
Markets are evolving, and Greybrook is responding with discipline and focus. In our first Boardroom Brief episode of the year, Alex Nisenker sits down with Greybrook CEOs Sasha Cucuz and Peter Politis to discuss how we are positioning our platform…
Greybrook is pleased to announce the launch of its U.S. Multifamily Income & Growth Fund — an open-ended private real estate fund designed to provide investors with exposure to well-located, affordable, and attractively priced Class B multifamily assets across high-growth…
Greybrook recently hosted its 2026 town hall event, bringing the entire team together to reflect on the progress we’ve made, celebrate the people driving our success, and share a clear vision for the next phase of growth. This year’s gathering focused on the strength of our foundation…
As we continue to strengthen our foundation and build from a position of discipline and focus, we are proud to recognize the individuals who are helping drive that progress forward. We’re pleased to celebrate well-earned promotions across our team, honoring the dedication,…
With development activity slowing and capital becoming increasingly selective in today’s market, it’s more important than ever to sit down, cut through the noise, and have an honest conversation about what’s really happening on the ground. Last weekend, Greybrook Securities…
At Greybrook, 2025 was a year defined by leadership, perspective, and purposeful progress. Throughout the year, we remained at the forefront of industry conversations, helping to shape dialogue across the real estate and housing development landscape while continuing to execute…
Sasha Cucuz, CEO of Greybrook, joined Jake Cohen, President of Daniels Corporation, and Bob Blazevski, President and CEO of Blaze Urban, on the Toronto Under Construction podcast hosted by Ben Myers, President of Bullpen Research & Consulting Inc. The discussion…
We are pleased to announce that Elser Hotel & Residences in downtown Miami is now fully sold out. With its unique hotel-condo model, prime waterfront location, and expansive amenity platform, Elser has attracted exceptional demand across local, national, and international…
