GreyBrook logotype
Investor Login Contact Us

Greybrook Realty Partners Invests $17,785,000 in a Luxury Retail Redevelopment Project with First Capital Realty in Toronto, Ontario

Date:
September 21, 2016
Share:

Greybrook Realty Partners Inc. is pleased to announce the successful deployment by its managed issuer of $17,785,000 in equity to acquire a property located at 101 Yorkville Avenue, Toronto, Ontario. The property, which is co-owned with First Capital Realty Inc., is expected to be redeveloped into a luxury retail development. First Capital will act as development, leasing and property manager for the retail project.

The 0.5-acre site is situated in the heart of Toronto’s iconic Yorkville neighbourhood and represents a prime redevelopment opportunity. Upon completion, the development is expected to feature approximately 35,000 square feet of premium retail space and offer prime retail frontage along prestigious Yorkville Avenue.

Yorkville is known for its combination of upscale boutiques, dining and entertainment and it is a premier luxury retail destination featuring prestigious international brands. The Yorkville neighbourhood is experiencing a surge in interest as global luxury retailers, who are looking to expand into the Canadian market, seek alternatives to Bloor Street West. Recently executed leases with international brands ChanelTM and Christian LouboutinTM are indicative of the transformation currently underway in the area’s retail landscape towards a more ultra-luxury tenant mix.

“This asset’s location in one of Canada’s most desirable and sought-after retail destinations provides an extremely rare opportunity to acquire a one-of-a-kind asset of this calibre. We are delighted that the addition of this exceptional property will further enhance Greybrook’s portfolio of diversified investments,” said Peter Politis, CEO of Greybrook Realty Partners. “The redevelopment project will be tailored to meet leading international luxury tenants’ demanding requirements.”

First Capital Realty is a leading owner, developer, and property manager of retail properties across Canada that has significant presence in Yorkville. “With major investments in Yorkville, including the newly revitalized Yorkville Village, First Capital’s ability to redefine the Yorkville retail experience aligns nicely with our overall vision for the area. We are thrilled to be partnering with First Capital and look forward to a long and successful partnership,” commented Mr. Politis.

This transaction represents Greybrook’s fourth project in Yorkville and further strengthens the Company’s strategic investments in the area. These investments have a total projected aggregate and actual completion value of approximately $900 million.

Click to read the press release on Globe Newswire.

Latest Insights

Boardroom Brief: EP. 09 – How Federal Action Could Change Canada’s Housing Game

Insights
September 29, 2025

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…

Peter Politis, CEO, Discusses Canada’s Real Estate Outlook on The Your Life! Your Terms! Show

Insights
September 26, 2025

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…

Greybrook news

Pedaling for Purpose: Velo Blu 2025 Raises $360,000

Uncategorized
September 25, 2025

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…

Growing West: Celebrating Greybrook’s Vancouver Head Office Grand Opening

Company News
September 19, 2025

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 Announces US$35,600,000 Acquisition of Garden-Style Community in Houston, Texas

Company News
September 17, 2025

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)…

Greybrook Participates in the 16th Annual Constantine Yorkville Run To Support Mental Health for Young Adults

Community
September 8, 2025

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 Invests $31,525,000 in a Residential Development Project in Markham, Ontario

Company News
August 21, 2025

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…

Progress Update: Yonge and Eglinton

Yonge and Eglinton
August 13, 2025

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…

Construction Advances at 138 Yorkville

Portfolio Updates
August 4, 2025

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 Officially Launched at Brooklin Vue – A New Low-Rise Community in North Whitby

Portfolio Updates
July 21, 2025

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…

All Publications

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

Contact us