Greybrook Realty Partners Inc. announced today the successful closing of an equity investment by its managed issuer of $12,650,000 to acquire and oversee the development of a prime parcel of land located in Toronto, Ontario. Together with its developer partner, Marlin Spring, the firm will develop the land into a mixed-use mid-rise condominium residence consisting of over 240 units and 5,000 square feet of commercial space at grade.
Located within the northern-most boundary of the Junction neighbourhood in the City of Toronto, the development site is situated on St. Clair Avenue West amidst an established residential and commercial community. The development site is steps away from some of the city’s trendiest bars, shops, restaurants and music venues, and is easily accessible via TTC transit. Nearby amenities include the Stockyards Village shopping centre and outdoor recreational spaces at George Bell Arena and Runnymede Park.
“With the continued gentrification and ongoing investment in the area, the Junction is an ideal location for our offering of a boutique mixed-use condominium,” explains Peter Politis, CEO, Greybrook Realty Partners. “The project provides our investors with an attractive Toronto-based development and buyers with much needed housing supply within the City of Toronto. This is one of several partnerships we have with Marlin Spring, a developer that is quickly establishing a reputation for their forward-thinking and strong execution.”
The Greybrook U.S. Multifamily Income & Growth Fund has completed its acquisition of Evolv Apartment Homes, a 334-suite garden-style community in Mansfield, Texas. It is the Fund’s third property, and it establishes Dallas–Fort Worth as our second core market, alongside…
Listen to this article: Rising long-term yields are usually read as bad news for real estate. Our view is that for U.S. multifamily rental housing, a structurally higher risk-free rate is closer to a tailwind than a headwind — provided…
An oil shock has pushed Canadian inflation to around 3%, and on October 28 the Bank of Canada raised rates by a quarter point, even as the economy softens. With the U.S. midterms and a federal budget unfolding in the…
Greybrook Securities CEO Sasha Cucuz recently joined fellow industry leaders to tackle the economic pressures shaping the future of Canadian housing. Speaking at the Veritas 14th Annual Great Canadian Real Estate Conference, Cucuz participated in a highly anticipated panel discussion…
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…
