GreyBrook logotype
Investor Login Contact Us

Greybrook Realty Partners Invests $17,390,000 in a Residential Land Development Project with Cityzen Development Group and Tercot Communities in Oakville, Ontario

Date:
April 19, 2016
Share:

Greybrook Realty Partners Inc. is pleased to announce the successful deployment by its managed issuer of $17,390,000 in equity to acquire and subsequently manage the development of a parcel of land located in Oakville, Ontario. The property is co-owned with Cityzen Development Group and Tercot Communities.

The Town of Oakville is a picturesque community known for its established neighbourhoods and the attractive range of community amenities that it offers.  Oakville is generally recognized as one of the most prestigious residential communities in Ontario and the Town’s quality of life and diverse employment base have attracted affluent residents. As a result, Oakville possesses one of the highest median household incomes in Canada.  Easily accessible by major highways and by GO train, Oakville’s proximity to Toronto has generated strong demand for residential housing. Additionally, a significant number of corporate head offices are located in Oakville, including Tim Hortons, Siemens Canada Ltd. and Ford Motor Company of Canada.

The development site is located within the planned Glenorchy neighbourhood of the New Communities of Oakville, wherein the North Oakville East and West Secondary Plans have set the ground work.  The New Communities of Oakville are expected to house 50,000 people, create nearly 35,000 jobs, and include residential, commercial, employment, institutional and natural open spaces.  Situated in Oakville’s north end, this area is one of the last remaining areas designated for residential development within the Town.  The co-owners intend to participate in Halton Region’s 2018 allocation program in order to secure their future entitlement to the required servicing and infrastructure for the project site.

“This acquisition furthers our 2016 investment strategy to target high-quality residential properties in the low-rise market.  As demand for available developable residential land across the GTA continues to grow, the low-rise market in established areas like Oakville is expected to remain robust,” said Alex Riajskikh, Director, Private Capital Markets of Greybrook Realty Partners.

Read the full release on the Globe Newswire site.

Latest Insights

The Regional Municipality of Durham – A Region on the Rise

Insights
November 30, 2022

Greybrook has been investing in the growing region since 2017 and is continuing to actively evaluate both low-rise and high-rise investment opportunities to meet the needs of Durham Region’s growing population. Click here to view Greybrook’s portfolio in Durham Region…

An Inside Look at The Elser Hotel & Residences Miami

Multi-Family
November 29, 2022

On November 17th the Development Team celebrated the official launch with a ribbon-cutting ceremony that also marked the launch of the hotel component at The Elser alongside our partner, PMG, and industry leading hospitality management company, Highgate. The hotel welcomed…

Construction Progress Continues at 181 East in Toronto

November 28, 2022

With excavation now complete and the first of two cranes erected, the construction team is now pouring the ground floor on the western portion of the site and expects to have the underground garage fully formed up to grade in…

Greybrook CEO Peter Politis Featured Guest on the CashFlow Pro Podcast

Uncategorized
November 21, 2022

Watch the episode below. In the episode titled “Real Estate Investing in Development”, Peter discusses Greybrook’s Society Living platform to an engaged audience of hands-on real estate investors. He shares the unique selling proposition of this national platform – affordable…

Velo Blu Pedal for Blu Genes Charity Ride Raises Over $430,000

Uncategorized
November 15, 2022

Watch the 2022 Velo Blu Highlight Video What started as a personal mission to find a cure for a rare and fatal genetic disorder called Tay-Sachs disease soon became a larger vision of raising funds and awareness to advance gene…

Greybrook and PMG Secure $182M in Construction Financing for Society Atlanta Mixed-Use Project

November 4, 2022

Greybrook and PMG have secured $182 million in construction financing for Society Atlanta, a 460-unit mixed-use project located at 811 Peachtree St NE. A major U.S. life insurance company and Related Fund Management provided the loan with the transaction brokered…

Avenue and Park Receives Registration and Retail Officially Opens

Portfolio Updates
November 2, 2022

Over the summer months, we welcomed our first residents to their new homes in the 7-storey condo development and in late September, the ground retail space become fully operational with the Beer Store’s official opening. The newly open Beer Store…

Greybrook Hosts Annual Inside Track Event

Company News
October 31, 2022

Watch highlights from Inside Track 2022 The evening began with Sasha Cucuz, CEO, Greybrook Securities Inc. introducing our keynote speaker, CIBC’s Deputy Chief Economist, Benjamin Tal, who shared his expert insights on the Canadian economy and a look at the…

Greybrook CEO Sasha Cucuz Featured Guest on The Canadian Real Estate Investor Podcast

Multi-media
October 26, 2022

Listen to the episode below. The episode titled “Invest Without Owning Real Estate”, featured Sasha sharing his perspective on what factors all investors should be considering when investing in real estate development and how to best mitigate risk in this…

Society Wynwood Continues to Take Shape in Miami

Multi-Family
October 24, 2022

As concrete pours continue for the full structure, our construction team has started framing individual units on the lower levels since September. Masonry, window installation, and mechanical, electrical, and plumbing have also begun on the lower levels and will continue…

All Publications

Join our newsletter and keep up to date with our news & insights

Contact us