The City of Markham made headlines earlier this year when the province announced plans for the creation of a new York University campus in Markham in partnership with Seneca College. Markham is one of the fastest growing cities in North America and the addition of a post-secondary campus, serving an estimated 4,000 students in York Region, is sure to further boost the increasing population.
7350 Markham Road is one of the last parcels of developable land in the historic Armadale community and is perfectly timed to capitalize on the impending boom in housing demand. Tercot Communities, working in partnership with Greybrook Realty Partners and Cityzen Development Group on this project, issued a press release highlighting the merits of this area:
For immediate release – October 7, 2015
Toronto, ON – A new low-rise housing project is coming soon to Markham’s Armadale community. The project is being planned to include residential townhomes. The development will be lead by Tercot Communities Limited in partnership with Cityzen Development Group, and Greybrook Realty Partners.
The property, located at 7350 Markham Road, is one of the last parcels of developable land in the historical Armadale community. The site is located near public parks, transit and schools and provides convenient access to major highways.
Joe Valela, Principal at Tercot Communities and his team have started the development process and have submitted a zoning application. Mr. Valela has been involved in all aspects of the residential home construction and building business and has developed subdivisions and condominiums and built custom homes across the Greater Toronto and Southern Ontario areas for over 35 years.
“At Tercot, we pride ourselves in building sustainable and livable communities,” said Mr. Valela. “Markham is a strong desirable residential market in the Greater Toronto Area (GTA).”
Markham is one of the fastest growing cities in North America. Markham’s population is more than 345,000, with a projected increase to 421,600 by 2031. The province recently announced that Markham will be the approved location for York University’s newest campus expected to open in 2018. As Markham continues to gain local and global recognition, affordable and innovative housing opportunities also need to be encouraged for students, seniors, singles and families.
Tercot Communities is a multi-disciplined real estate development company with over 35 years of experience in the Greater Toronto and Greater Golden Horseshoe residential, commercial and industrial markets.
Dallas-Fort Worth has been one of the most closely watched multifamily markets in the United States over the past several years. Long-term population and employment growth, rapid corporate relocations, relative affordability and a deep, diversified economy have helped draw a…
The launch of the Greybrook U.S. Multifamily Income & Growth Fund reflects our continued evolution as a North American real estate investment platform — expanding into institutional-quality, income-producing U.S. multifamily assets and giving investors access to a strategy built around…
Members of our Greybrook team recently rolled up their sleeves at The Common Table, a Toronto-based drop-in program that provides meals, essential services, and a welcoming space for people experiencing homelessness, social isolation, mental health challenges, and food insecurity. Before…
In a recent appearance on The Your Life Your Terms Show, Greybrook Securities CEO, Sasha Cucuz shared his perspective on today’s market, discussing everything from housing affordability and development economics to portfolio diversification and the opportunities emerging in U.S. multifamily…
Alex Nisenker, Vice President of the Private Capital Markets Group at Greybrook, recently appeared on The Well Off Podcast, one of Canada’s go-to shows for real estate investors looking to build and scale their portfolios. Hosted by Ontario investor and…
Governments have introduced a meaningful package of housing incentives — but the real question is whether they are enough to unlock pent-up demand and development, or if the market resets at a new equilibrium. Recent measures, including Ontario’s HST holiday,…
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…
