Greybrook Realty Partners Inc. announced today the successful closing of an equity investment by its managed issuer of $35,025,000 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 property into a two-tower mixed-use, high-rise condominium.
The Property, which is located at 1978 – 2002 Lake Shore Boulevard West, is situated along the city’s expansive waterfront within the growing Etobicoke-Lakeshore neighbourhood. The planned development will provide residents with premium, unobstructed views of Lake Ontario. The site also affords convenient access to the major 400 series highways and to downtown Toronto via Lake Shore Boulevard, the Gardiner Expressway and TTC bus and streetcar routes. Adjacent to Sunnyside Beach, the property is a short walk from High Park, Toronto’s largest public park, and a short drive from the newly expanded CF Sherway Gardens mall and several big-box retailers.
“With continued supply constraints and price growth of condominium product across the Greater Toronto Area (GTA), we are pleased to have the opportunity to bring to market two mixed-use towers on this exceptional waterfront property in the City of Toronto,“ states Sasha Cucuz, CEO of Greybrook Securities Inc. “Our seventh partnership with Marlin Spring, we expect this lakefront development to be well-received by the community and to provide residents with efficiently designed housing which complements the existing mix of residential and commercial development in the neighbourhood.”
“Marlin Spring is proud of our continued partnership with Greybrook and our ability to provide premium quality residential housing in several emerging and established geographies, which will help meet the significant housing demand in the GTA market,” said Benjamin Bakst, CEO of Marlin Spring.
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…
Members of our Greybrook team recently rolled up their sleeves at The Common Table, a Toronto-based drop-in program that provides meals, essential services, and a welcoming space for people experiencing homelessness, social isolation, mental health challenges, and food insecurity. Before…
In a recent appearance on The Your Life Your Terms Show, Greybrook Securities CEO, Sasha Cucuz shared his perspective on today’s market, discussing everything from housing affordability and development economics to portfolio diversification and the opportunities emerging in U.S. multifamily…
Alex Nisenker, Vice President of the Private Capital Markets Group at Greybrook, recently appeared on The Well Off Podcast, one of Canada’s go-to shows for real estate investors looking to build and scale their portfolios. Hosted by Ontario investor and…
Governments have introduced a meaningful package of housing incentives — but the real question is whether they are enough to unlock pent-up demand and development, or if the market resets at a new equilibrium. Recent measures, including Ontario’s HST holiday,…
We’re pleased to share the strong market response to Château 9, one of our latest active townhome communities in partnership with Treasure Hill. This past weekend’s launch event brought together prospective homeowners and the broker community for a firsthand look at the…
