Greybrook Realty Partners Inc. announced today the successful closing of an equity investment by its managed issuer of $61,800,000 to acquire and oversee the development of a prime parcel of land located in Kleinburg, Ontario. Together with its developer partner, Castlepoint Investment Group, the firm will develop the land into a residential community consisting of over 300 single-detached homes and freehold townhomes.
Located north-west of downtown Toronto, in the village of Kleinburg, the 62.69-acre development site is situated at 11131 & 11231 Huntington Road, within the municipal boundaries of the City of Vaughan. Bordered by Highway 27 to the west and Stegman’s Mill Road to the east, Kleinburg is minutes from Highway 401 and 407, and well served by three transit systems, York Region Transit (YRT), the Toronto Transit Commission (TTC), and GO Transit, which provide convenient access throughout the Greater Toronto Area.
The development site is already approved under the Kleinburg Nashville Secondary Plan with a mixed-use designation, and is one of the few remaining sites that falls under the previous density requirement of 40 people-and-jobs-per-hectare (“PPH”) compared to the new provincial density requirement of 80 PPH. As such, the development site is one of the few remaining sites on which single-detached homes can be approved.
“We are thrilled to be partnering once again with Castlepoint Investment Group on a remarkable piece of real estate in a beautiful part of the GTA,” states Peter Politis, CEO of Greybrook Realty Partners. “We believe this development will provide our investors with a strong return while providing construction-ready lots for homebuyers in this community.”
The portfolio of low-rise development holdings managed by Greybrook Realty Partners includes several development properties that are projected to result in the completion of over 10,000 ground-related homes in the Greater Golden Horseshoe region.
How is global uncertainty shaping confidence, supply, and the future of Canada’s housing market, and what lies ahead? What bold government actions are needed to unlock housing supply and help stabilize the market? These are just some of the key…
Toronto, ON — Greybrook is proud to announce its official sponsorship of the York University Lions Men’s Hockey Team at the Gold level, marking a historic milestone as the first-ever lead sponsor of the Men’s Hockey Program. This sponsorship reflects…
138 Yorkville, our ultra-luxury development in partnership with Cityzen and First Capital, recently hosted internationally acclaimed designer Gaurav Gupta for an exclusive showcase at our presentation gallery. Gaurav, celebrated for his sculptural silhouettes and red-carpet couture, presented a curated selection…
Sales have launched at Château 9, an exclusive new low-rise community featuring contemporary single-detached homes and townhomes in one of Stouffville’s most sought-after neighborhoods. Developed in partnership with Treasure Hill, Château 9 combines modern architectural design with small-town charm. Located…
Bringing together in-depth macroeconomic insights from Benjamin Tal, Deputy Chief Economist at CIBC, with a dynamic fireside discussion featuring Greybrook CEOs Sasha Cucuz and Peter Politis alongside Tyler Meredith (Founding Partner, Meredith Boessenkool & Phillips Policy Advisors), Justin Sherwood (SVP,…
The federal government recently launched Build Canada Homes, a new agency with an ambitious mandate: to rapidly scale up housing construction across the country, aiming to help double the national housing supply and improve affordability as part of Canada’s broader…
With interest rates elevated, higher costs, and policy hurdles mounting, Greybrook CEO Peter Politis joined The Your Life! Your Terms! Show on the “How Billion Dollar Developers See Canadian Real Estate In 5 Years” episode to discuss what these shifts…
The 6th Annual Velo Blu charity ride returned to Peller Estates Winery in Niagara-on-the-Lake on September 19th, once again demonstrating the power of community commitment to life-changing medical research. This year’s inspiring event raised $360,000, bringing Velo Blu’s cumulative contribution…
On September 17th, Greybrook proudly celebrated the grand opening of our new Vancouver office with a special lunch event at Seasons in the Park restaurant. The occasion was a great success and a celebration of Greybrook’s established presence in the Vancouver area.…
Greybrook announced today the acquisition of Terra at Piney Point, a 246-unit garden-style apartment community situated between Houston’s Galleria and West Houston neighborhoods, adjacent to Piney Point Village, one of Texas’s most affluent communities for the purchase price of US$35,600,000.(1)…
