Greybrook Realty Partners Inc. is pleased to announce the successful deployment by its managed issuer of $14,275,000 in equity to acquire and subsequently manage the development of a parcel of land located in Markham, Ontario. The property is co-owned with Marlin Spring and will be developed into a residential townhome community.
Markham has experienced strong residential development in recent years and has become one of the fastest growing municipalities in Ontario. Attracting an educated and diverse workforce, Markham’s well defined transportation network and rich community amenities have made it a major employment hub. Situated within an established residential neighbourhood, the development site is close to key amenities and enjoys excellent access to major highways and transit options. Centrally located, the site is also near several major projects, recently completed or announced, including the Markham Pan Am Centre, Markham Downtown, and the proposed future York University Markham Centre campus.
“With a robust employment base and attractive quality of life, the strong demand for housing in Markham is a key reason why this is our third development in Markham,” said Greybrook Realty Partners’ Director, Alex Riajskikh. “As Markham continues to be built out and there remains a scarcity of developable residential lands available, Greybrook remains focused on seeking out the right opportunities in this attractive sub-market.”
“We are delighted to enter into our inaugural partnership with Marlin Spring,” said Peter Politis, CEO of Greybrook Realty Partners. “Their management team’s extensive industry experience with a leading Canadian real estate developer will be a valuable asset to the success of our development. We look forward to building a fruitful partnership with many future opportunities to come.”
Greybrook Realty continues to expand the portfolio of low-rise development holdings that it manages, which includes over 700 acres of land in Southern Ontario. The development of these properties is projected to result in the completion of nearly 4,000 single-family homes in the Greater Golden Horseshoe region.
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…
Sales have officially launched for Brooklin Vue, our low-rise development in partnership with Treasure Hill. This new residential community is located in the historic village of Brooklin, Ontario, and offers an exclusive collection of two- and three-storey modern townhomes along…
