Greybrook Realty Partners Inc. announced today the successful closing of an equity investment of $24,170,000 by its managed issuer to acquire and oversee the development of a prime parcel of land located in the Township of King, Ontario. The 53-acre property is jointly owned with Treasure Hill and is expected to be developed into a residential community consisting of over 90 luxury single-detached homes.
Situated on the southern slope of the protected Oak Ridges Moraine, the community of King City is located immediately north of the City of Vaughan and Toronto. Recognized for its’ scenic setting, quality of life and convenient access to the 400-series highways and GO Transit, King City continues to attract affluent homebuyers that have helped precipitate the rapidly increasing housing prices in the area. The development is expected to bring to market an exclusive community of large upscale homes, with a notable portion of the development offering secluded lots that back onto protected greenspace.
“We believe the development’s premium product is well-positioned to meet the growing demands of an increasingly affluent buyer looking to purchase in the exclusive King City community,” stated Alex Riajskikh, Director, Private Capital Markets, Greybrook Realty Partners. “New developments in the area have experienced rapid absorption rates in recent years and with constrained supply in this submarket continuing to persist, we expect this trend to continue.”
“We are thrilled to be partnering with Treasure Hill on this development. With extensive experience building luxury homes in premier locations throughout the Greater Toronto Area, including King City, Treasure Hill’s expertise will help ensure an exceptional community is realized,” noted Mr. Riajskikh.
The portfolio of low-rise development holdings managed by Greybrook Realty Partners includes several development properties that are projected to result in the completion of over 7,000 single-family homes in the Greater Golden Horseshoe region.
Listen to this article: It is difficult to find a market conversation today that does not eventually lead back to interest rates. For Canadian advisors, there are particularly good reasons to be paying attention. U.S. Treasury yields have moved materially…
Last season, Greybrook became the first-ever lead sponsor of York Lions Men’s Hockey. This year, extending that support to the women’s program was a natural next step and reflects something we believe deeply: sport shapes future leaders. It is an…
Greybrook team members rode in support of the 7th Annual Velo Blu Charity Bike Ride in Niagara-on-the-Lake, helping raise $270,000 to advance research into rare childhood diseases and gene therapy through the Blu Genes Foundation. Held at the scenic Peller…
On Sunday, September 20, Greybrook joined runners, walkers, volunteers and community supporters at the 17th Annual Constantine Yorkville Run, coming together to raise funds for charities making a difference across Toronto. As a Presenting Partner, Greybrook was proud to once…
Members of Greybrook’s Institutional Capital Markets team recently attended and sponsored Future Proof Festival, the world’s largest four-day wealth management festival, held in Huntington Beach, California. As part of its sponsorship, Greybrook supported the QWealth Canadian Lounge, a dedicated gathering…
Lindsay Heights, our low-rise, master-planned community in the City of Kawartha Lakes, is set to welcome one of its most anticipated neighbourhood retail additions with the opening of a Walmart Supercentre. Located at the northwest corner of Lindsay, at Highway…
This advancement marks a significant milestone for Florida’s first supertall Downtown Miami residence, a signature hallmark of the renowned Waldorf Astoria brand, offering a collection of 205 luxury hotel guestrooms, dedicated five-star service and once-in-a-lifetime experiences. Construction of the staggered…
Listen to this article: The best time to buy durable assets is rarely the moment they feel comfortable to buy. In multifamily, rent growth tells you where a market is today, but the conditions that signal where it is heading…
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…
