Construction continues to progress well at our Riverside in Pine Grove development despite some minor delays incurred due to the extremely cold conditions this winter. Both parcels are now fully enclosed, with framing, windows, and roofing substantially complete. On the south parcel, brickwork and interior drywall work is nearly complete with finishing trades well underway. On the north parcel, brickwork is approximately 30% complete and drywall trades are expected to mobilize this month.
As a result of the weather-related delays, we now expect first occupancies to occur in June for the south block and August for the north block. Registration is expected to begin in September with closings to follow in October.
Image: Construction progress on south and north parcels as of January 2018. Heritage home visible in foreground.
On December 20th, Greybrook successfully closed on a $42,000,000 investment completed by its managed issuer. The funds will be used to acquire and oversee the development of a prime parcel of land located at the intersection of Warden Avenue &…
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