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.
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…
