GreyBrook logotype
Investor Login Contact Us

Greybrook Realty Partners Invests $48,300,000 in a Low-Rise Residential Development Project with Marlin Spring in Richmond Hill, Ontario

Date:
July 21, 2017
Share:

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.”

Read the full release on Globe Newswire.

Latest Insights

The Elser Hotel & Residences Miami is Over 85% Sold

Portfolio Updates
March 25, 2024

Our 49-storey luxury condominium with developer partner PMG continues to garner interest from both local and international buyers eager to leverage its appealing hotel-condominium program, which commenced operation last summer. Since its late 2022 launch, the downtown Miami hotel and…

Home Closings Officially Complete at Evoke Modern Towns

March 21, 2024

The townhome development has added 114 units to the highly sought-after community of Thornhill. The expanding suburb is in the rapidly growing City of Vaughan which welcomed the largest number of new residents in the York Region during the most…

Greybrook Holds Annual Town Hall 2024

Uncategorized
March 13, 2024

Complete with popcorn and concessional snacks, this year’s internal event was an opportunity for the Greybrook team to reflect on the achievements and milestones we have accomplished together while looking forward to the year ahead and beyond.Over the past year,…

Closings Continue at Kingsview Ridge in Oshawa

March 11, 2024

With the construction of all homes in our Kingsview Ridge community complete, home occupancies continue as we welcome the remaining homeowners to their new homes in this low-rise community. Developed in partnership with Treasure Hill, Kingsview Ridge has brought 305…

Celebrating International Women’s Day 2024: In Conversation with Top Knot Ventures Founder, Manica Blain

Uncategorized
March 8, 2024

In celebration of International Women’s Day 2024, Greybrook hosted a virtual fireside conversation on Thursday, March 7th joined by guest speaker, Manica Blain who shared her career and entrepreneurial journey—and how the power of having a clear vision and forging…

Celebrating Career Advancement and Team Success at Greybrook

Company News
February 28, 2024

We are committed to enhancing our corporate capabilities to support the success of our growing portfolio of investments and to deliver an exceptional experience for our growing base of individual and institutional clients. In line with this commitment, we’re pleased…

Colgan Crossing First Home Closings

Portfolio Updates
February 21, 2024

With construction of our Colgan Crossing community progressing rapidly over the past year, we were very pleased to begin home occupancies and welcome the first homeowners to their new homes in this brand-new community in late 2023. Our 191-acre master-planned…

Lights, Camera, Investments: Toronto’s Thriving Role as Hollywood North

Insights
February 20, 2024

In a groundbreaking announcement last month, it was revealed that Amazon MGM Studios will assume the exclusive lease for Pinewood Toronto Studios situated in the heart of the city. This multi-year commitment grants Amazon MGM Studios control over five expansive…

Watch Our Lindsay Heights Home Tour Video

February 16, 2024

We invite you to watch a video walkthrough of our Lindsay Heights project, with developer partner Tribute Communities. Take a stroll through our meticulously designed 36′ and 20′ homes and catch a glimpse into the distinctive features and contemporary charm…

CEO Sasha Cucuz Shares Real Estate Market Update on Rock Star Webinar

Multi-media
February 16, 2024

During a recent Rock Star webinar, Sasha Cucuz, CEO of Greybrook Securities Inc., participated in an engaging discussion with webinar hosts Tom Karadza and Nick Karadza from Rock Star Real Estate Inc. The discussion delved into the GTA investment landscape,…

All Publications

Join our newsletter and keep up to date with our news & insights

Contact us