Greybrook Realty Partners Inc. announced today the successful closing of an equity investment by its managed issuer of $15,450,000 to acquire and oversee the development of a prime parcel of land located at 2231 St. Clair Avenue West in the City of Toronto. Together with its developer partner, Marlin Spring, the firm intends to develop the property into a mid-rise condominium residence consisting of over 220 units and more than 12,000 square feet of commercial space at grade.
Located on St. Clair Avenue West, between Keele Street and Runnymede Road in Toronto’s Stockyards District, the development site is well connected with two nearby TTC stops and the streetcar on St. Clair Avenue West. The site is steps away from RioCan’s Stock Yards Village mall, a 500,000 square foot urban retail property featuring over 50 major retailers and restaurants. Situated in close proximity to an array of chic cafes, shops, micro breweries, and local restaurants, the development is also walking distance from popular outdoor recreational facilities and parks, including Runnymede Park and George Bell Arena.
“We have always prided ourselves on identifying and investing in the right submarkets outside of the core of Toronto that will evolve into vibrant communities. We did that with our early investments in Toronto’s Liberty Village and east of the city with our Linx condo project at Main and Danforth,” said Peter Politis, CEO, Greybrook Realty Partners. “We are very excited to expand our presence in the Stockyards District with Marlin Spring, with whom we are actively constructing another mid-rise condominium residence less than 200 metres from this site on St. Clair Avenue West.”
Greybrook Securities CEO Sasha Cucuz recently joined fellow industry leaders to tackle the economic pressures shaping the future of Canadian housing. Speaking at the Veritas 14th Annual Great Canadian Real Estate Conference, Cucuz participated in a highly anticipated panel discussion…
Listen to this article: It is difficult to find a market conversation today that does not eventually lead back to interest rates. For Canadian advisors, there are particularly good reasons to be paying attention. U.S. Treasury yields have moved materially…
Last season, Greybrook became the first-ever lead sponsor of York Lions Men’s Hockey. This year, extending that support to the women’s program was a natural next step and reflects something we believe deeply: sport shapes future leaders. It is an…
Greybrook team members rode in support of the 7th Annual Velo Blu Charity Bike Ride in Niagara-on-the-Lake, helping raise $270,000 to advance research into rare childhood diseases and gene therapy through the Blu Genes Foundation. Held at the scenic Peller…
On Sunday, September 20, Greybrook joined runners, walkers, volunteers and community supporters at the 17th Annual Constantine Yorkville Run, coming together to raise funds for charities making a difference across Toronto. As a Presenting Partner, Greybrook was proud to once…
Members of Greybrook’s Institutional Capital Markets team recently attended and sponsored Future Proof Festival, the world’s largest four-day wealth management festival, held in Huntington Beach, California. As part of its sponsorship, Greybrook supported the QWealth Canadian Lounge, a dedicated gathering…
Lindsay Heights, our low-rise, master-planned community in the City of Kawartha Lakes, is set to welcome one of its most anticipated neighbourhood retail additions with the opening of a Walmart Supercentre. Located at the northwest corner of Lindsay, at Highway…
This advancement marks a significant milestone for Florida’s first supertall Downtown Miami residence, a signature hallmark of the renowned Waldorf Astoria brand, offering a collection of 205 luxury hotel guestrooms, dedicated five-star service and once-in-a-lifetime experiences. Construction of the staggered…
Listen to this article: The best time to buy durable assets is rarely the moment they feel comfortable to buy. In multifamily, rent growth tells you where a market is today, but the conditions that signal where it is heading…
Dallas-Fort Worth has been one of the most closely watched multifamily markets in the United States over the past several years. Long-term population and employment growth, rapid corporate relocations, relative affordability and a deep, diversified economy have helped draw a…
