Greybrook Realty Partners Inc. announced today the successful closing of an equity investment by its managed issuer of $8,410,000 to acquire and oversee the development of a prime parcel of land located in Bowmanville, Ontario. Together with its developer partners, Cityzen Development Group and Tercot Communities, the firm intends to develop the land into a residential community consisting of over 140 homes, including single-detached homes, freehold townhomes and urban condominium townhomes.
Bowmanville, located an hour east of Toronto, is the largest community in the Municipality of Clarington. Clarington, which is one of the fastest growing municipalities in Durham Region, has recently experienced an influx of new residents and businesses including Toyota Canada Inc.’s new Eastern Canada Parts Distribution Centre, which is scheduled to open in 2019. The municipality is expected to continue its growth trend with approximately $14 billion worth of infrastructure investments underway, according to the Clarington Board of Trade and Office of Economic Development.
The 16-acre development site, located east of Lambs Road on Concession Street East, affords convenient access to major highways, including the recently completed Highway 407 extension. In addition, the property is located within a 10-minute drive from the site of the future Bowmanville GO Station, which is scheduled to be complete by 2024. Expansion of the GO Transit Lakeshore East Corridor is expected to enhance transit connectivity for future residents and increase economic investment in the region.
“We have expanded our portfolio of investments in Durham Region with the acquisition of this property, which demonstrates the type of attractive residential development opportunities that the town of Bowmanville continues to offer. Bowmanville is an established community that is well-positioned to emerge as a major urban growth area,” states Alex Riajskikh, Executive Director, Private Capital Markets, of Greybrook Realty Partners. “We are thrilled to partner again with Cityzen and Tercot to deliver needed housing to this region, which has attracted significant public and private sector investment over the past several years.”
At Greybrook, 2025 was a year defined by leadership, perspective, and purposeful progress. Throughout the year, we remained at the forefront of industry conversations, helping to shape dialogue across the real estate and housing development landscape while continuing to execute…
Sasha Cucuz, CEO of Greybrook, joined Jake Cohen, President of Daniels Corporation, and Bob Blazevski, President and CEO of Blaze Urban, on the Toronto Under Construction podcast hosted by Ben Myers, President of Bullpen Research & Consulting Inc. The discussion…
We are pleased to announce that Elser Hotel & Residences in downtown Miami is now fully sold out. With its unique hotel-condo model, prime waterfront location, and expansive amenity platform, Elser has attracted exceptional demand across local, national, and international…
Following a well-received sales launch in October, the initial release of single-detached homes at Chateau 9 in Stouffville rapidly sold out, prompting the release of an additional wave of homes. To date, the community has achieved an impressive 91% sell-through…
From boardrooms to podcast studios, Greybrook Securities CEO Sasha Cucuz has been at the forefront of key discussions this past year, sharing his perspective on everything from the global economy to the local real estate market and long-term business strategy.…
On Friday, November 14, the City of Cambridge officially unveiled the newly renovated Preston Memorial Auditorium, marking an exciting completion of a transformative $33 million project that modernizes the beloved community facility while honouring its 1972 heritage. The revitalized facility features a…
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 Chateau 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, Chateau 9 combines modern architectural design with small-town charm. Located…
