Greybrook Realty Partners Inc. announced today the successful closing of an equity investment by its managed issuer of $48,300,000 to acquire and oversee the development of a prime parcel of land located in Richmond Hill, Ontario. Together with its developer partner, Marlin Spring, the firm will develop the land into a residential community consisting of over 420 freehold townhomes.
Situated 20 kilometers north of Toronto between Markham and Vaughan, the Town of Richmond Hill is a thriving economic hotspot and home to one of Canada’s most highly educated workforces. Richmond Hill has emerged as an urban growth centre through the town’s Economic Development Strategy which has focused on the development of high-value investments, high-density employment centres and regional and provincial transit infrastructure.
The development site, located at 1521 19th Avenue, backs onto a natural heritage area in a rural neighbourhood, providing future residents with a scenic natural environment to call home. Richmond Hill also has convenient access to Highway 404 and the nearby Gormley GO Transit station. “Richmond Hill has seen the price of townhomes double over the past five years, exceeding the average price increase of townhomes in the Greater Toronto Area over the same time period, highlighting the strong demand for this product type in the region,” states Sasha Cucuz, CEO, Greybrook Securities Inc. “We are very pleased to have made several investments in York Region, and this development is a great addition to our portfolio—one that we are confident will be a great asset for our investors.”
The event offered Greybrook’s Israeli investors an opportunity to meet with fellow investors, engage with the Greybrook and Yazamnoo team, and hear keynote presentations from Sasha Cucuz, CEO of Greybrook Securities Inc., and CIBC’s Deputy Chief Economist, Benjamin Tal, who…
Among the new developments are two of Greybrook’s residential projects that are expected to deliver over 1,500 condo units to the growing neighbourhood. Given its proximity to downtown Toronto, the relative cost of housing, local amenities, and easy access to…
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Homes in the first phase of the development will continue to close throughout 2023. This development is divided into two phases, 138 homes in Phase 1 and 119 homes in Phase 2, including 70 premium lots that back onto protected…
Construction has progressed on the remaining blocks of townhomes in the development with only one block of townhomes left to be completed. Home closings began in Q2 2022, with the final closings slated for the end of Q1 2023. Located…
Greybrook Realty Partners Inc. announced today the successful closing of an equity investment by its managed issuer of $41,545,000 to acquire and oversee the development of a parcel of land located on the west side of Charles Street between Victoria…
Watch our 2022 Sizzle Reel Over the past year, we invested in our 100th real estate project and surpassed $2 billion of equity capital deployed. Having achieved these major milestones, our portfolio is now valued at over CAD$30 billion of…
