Greybrook Realty Partners Inc. announced today the successful closing of an equity investment by its managed issuer of $6,670,000 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 located at 1045 The Queensway into a mixed-use, mid-rise condominium residence. This project is an expansion of an existing project with Marlin Spring on the adjacent parcel of land located at 1049 the Queensway, which was acquired in 2017. The combined project is expected to yield over 280 residential units and approximately 7,500 square feet of commercial space.
Located southwest of downtown Toronto, the development site is situated in the flourishing south Etobicoke region and is surrounded by an abundance of commercial amenities. Conveniently located near the Gardiner Expressway and Highway 427, the site also provides easy access to a number of public transit nodes including Kipling and Islington TTC stations, and Mimico GO Station. In addition, the site is minutes from Lake Ontario and ample natural green space at Humber Bay Park along the waterfront.
“Together with Marlin Spring, we identified an opportunity to combine the two parcels of land into a larger, more efficiently-designed condominium, benefiting not only the overall project but also our investors through economies of scale,” states Alex Riajskikh, Executive Director, Private Capital Markets, Greybrook Realty Partners. “This development will provide homebuyers with a vibrant, mixed-use community in a rapidly growing Etobicoke neighbourhood, which is expected to see significant future retail and residential development adjacent to our parcels of land. We are excited to be part of the transformation of The Queensway from a primarily commercial neighbourhood into a comprehensive residential community and retail destination.”
Sales are slated to launch soon for Brooklin Vue, our development project in partnership with Treasure Hill. The upcoming community in the historic village of Brooklin, Ontario, offers a collection of two and three-storey modern townhomes designed to suit every…
Introducing Boardroom Brief, a series where we dive headfirst into the real estate landscape, demystifying current headlines and featuring in-depth discussions and expert insights from Greybrook. Gain an inside look at the thoughtful discussions occurring in our boardroom on relevant…
Greybrook¹ announced today the acquisition of two garden-style apartment communities consisting of 456 units situated in the Metro Atlanta area, south of Atlanta, Georgia for the purchase price of US$57,200,000. Greybrook will manage the implementation of a property enhancement program,…
Following the completion of preliminary site work, home construction has commenced at Eversley Estates, our low-rise King City community developed in partnership with Treasure Hill. Comprised of 105 luxury estate-style homes, this picturesque enclave will redefine rural elegance with classically…
It is with heavy hearts that the Executive Team at Greybrook announces the passing of our cherished founder, Elias Vamvakas, today, after a courageous battle with pancreatic cancer. Elias was 65 years old. Elias Vamvakas was a visionary leader…
We are thrilled to announce the recent completion of Dale Hawerchuk Park at our Symphony Towns low-rise development with partner Marlin Spring in South Oshawa. The park’s official opening took place last month during a naming ceremony, which included speeches…
Construction continues to advance steadily on-site at our 181 East development, with the building now fully enclosed. The development team is currently focused on completing the interior fit-out process. The project has completed the selection process for finishes and upgrades…
Greybrook is pleased to share the latest updates on our Greenhill project, a 115-unit development of single detached homes and townhomes at 739, 757, and 787 Conlin Road East in Oshawa, Ontario, developed alongside partner Stafford Homes. Since February, we…
Recently our Waldorf Astoria Hotel and Residences Miami achieved a remarkable milestone with a historic foundation pour led by John Moriarty & Associates alongside CAPFORM. Over 31 uninterrupted hours, 195 construction workers and a continuous rotation of 1,240 trucks delivered…
Greybrook announced today the successful closing of an equity investment by its managed issuer of $24,680,000. The funds will be used to acquire and manage a development spanning 95.7 projected net developable acres, located north of Maple Grove Road, between…
