Greybrook Realty Partners Inc. announced today the successful closing of an equity investment by its managed issuer of $4,825,000 to acquire and oversee the development of a prime parcel of land located in Oshawa, Ontario. Together with its developer partner, Stafford Homes, the firm will develop the land into a residential community consisting of over 110 townhomes.
The 7.5-acre infill development site is situated in an established neighbourhood within the growing area of North Oshawa. A vibrant, business friendly city, located 60 kilometers east of Toronto, the economic landscape in Oshawa has evolved in recent years from manufacturing-based to a more diversified local economy with advances in manufacturing, knowledge and technology-based sectors. Home to three top ranking post-secondary institutions, a leading health care centre and access to an integrated transportation network, Oshawa has established itself as a major regional employment hub.
“Active and strategic economic development initiatives led by the City of Oshawa and Durham Region, together with major infrastructure investments and relative housing affordability, have helped fuel robust growth in the area, we are pleased to further our portfolio of investments in this thriving region,” stated Peter Politis, CEO of Greybrook Realty Partners. “As escalating home prices across the Greater Toronto Area have seen townhomes become a more dominant form of housing, we expect the development’s product offering will meet the anticipated residential demand expected in this growing submarket.”
This development is Greybrook’s fourth investment in Durham Region in 2017 and seventh partnership with execution partner, Stafford Homes.
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 ground-related homes in the Greater Golden Horseshoe region.
Following the completion of preliminary site work, home construction has commenced at Eversley Estates, our low-rise King City community developed in partnership with Treasure Hill. Comprised of 105 luxury estate-style homes, this picturesque enclave will redefine rural elegance with classically…
It is with heavy hearts that the Executive Team at Greybrook announces the passing of our cherished founder, Elias Vamvakas, today, after a courageous battle with pancreatic cancer. Elias was 65 years old. Elias Vamvakas was a visionary leader…
We are thrilled to announce the recent completion of Dale Hawerchuk Park at our Symphony Towns low-rise development with partner Marlin Spring in South Oshawa. The park’s official opening took place last month during a naming ceremony, which included speeches…
Construction continues to advance steadily on-site at our 181 East development, with the building now fully enclosed. The development team is currently focused on completing the interior fit-out process. The project has completed the selection process for finishes and upgrades…
Greybrook is pleased to share the latest updates on our Greenhill project, a 115-unit development of single detached homes and townhomes at 739, 757, and 787 Conlin Road East in Oshawa, Ontario, developed alongside partner Stafford Homes. Since February, we…
Recently our Waldorf Astoria Hotel and Residences Miami achieved a remarkable milestone with a historic foundation pour led by John Moriarty & Associates alongside CAPFORM. Over 31 uninterrupted hours, 195 construction workers and a continuous rotation of 1,240 trucks delivered…
Greybrook announced today the successful closing of an equity investment by its managed issuer of $24,680,000. The funds will be used to acquire and manage a development spanning 95.7 projected net developable acres, located north of Maple Grove Road, between…
Greybrook, along with partners PMG, global investment company Mohari Hospitality, S2 Development, and global hospitality company Hilton (NYSE: HLT) proudly announce they have secured $668M in construction financing for Waldorf Astoria Hotel & Residences Miami. This monumental milestone marks the…
On June 2nd, the 3rd annual Bike for Brain Health saw thousands of participants, including a team from Greybrook, ride the Don Valley Parkway and Gardiner Expressway traffic free to raise money for the Baycrest Foundation’s fight to defeat dementia.…
Society Wynwood, our multifamily residential development in partnership with PMG, is now moving in its first residents. Located at 176 NW 25th St, the 9-story apartment community brings 318 residential units and 50,210 square feet of commercial space to the…
