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.”
Greybrook Realty Partners Inc. announced today the successful closing of an equity investment by its managed issuer of $22,470,000. This investment will support the acquisition and management of a development spanning 150 projected net developable acres, located south of Tutela…
What happens when strong long-term fundamentals are met with short-term economic headwinds? In the latest episode of Boardroom Brief, we explore how Greybrook is navigating the delicate balance between opportunity and caution in today’s dynamic real estate landscape. Greybrook Securities…
The recently hosted PCMA 2025 Annual Conference – Canada’s premier event for private investment leaders – served as a critical forum for dissecting 2025’s complex real estate landscape. As a conference sponsor and featured panelist, our firm was proud to have…
This year’s Summer Social was a home run! Held in the TD Executive Lounge at Rogers Centre, the Greybrook team came together to enjoy an afternoon of baseball, camaraderie, and celebration as we cheered on the Toronto Blue Jays. Highlights…
This past Sunday, members of the Greybrook team proudly participated in the 4th annual Baycrest Bike for Brain Health charity event, riding along the Don Valley Parkway and Gardiner Expressway to help raise awareness for brain health. As Canada’s largest…
Greybrook and our partner PMG, are pleased to announce the topping off of the second phase of Society Las Olas, a 563-unit, 42-story apartment tower in Downtown Fort Lauderdale. Located at 140 SW 2nd St., Society Las Olas is a…
For this special episode of Boardroom Brief, we invite you to listen in on a timely fireside chat between Greybrook Securities CEO Sasha Cucuz and Douglas Porter, Chief Economist at BMO Financial Group. The conversation took place live at Greybrook’s…
Last Thursday, Greybrook hosted its 2025 Perspectives & Insights event, bringing together investors for an evening dedicated to unpacking critical economic trends and their implications for real estate and investment strategies. Doug Porter, Chief Economist at BMO Financial Group, served…
On April 3rd, Toronto’s premier real estate networking event, Leaders Lounge 2025, brought together some of Toronto’s most influential industry leaders for an unforgettable evening of insights, conversation, and collaboration. Hosted by UJA and Toronto Real Estate Leaders, the invitation-only…
Greybrook Realty Partners Inc. announced today the successful closing of an equity investment by its managed issuer of $22,850,000 to acquire and oversee the development of a prime parcel of land located west of Yonge Street on Berwick Avenue, immediately…
