Greybrook Realty Partners Inc. announced today the successful closing of an equity investment by its managed issuer of $14,500,000 to acquire and oversee the development of a parcel of land located in Vaughan, Ontario. Together with its developer partner, Treasure Hill, Greybrook will develop the property into a residential community consisting of 74 single detached estate homes.
The site, located at the northwest corner of Teston Road and Kipling Avenue in the Village of Kleinburg, is situated in a prestigious enclave, surrounded by picturesque woodlands and nestled within the protected Greenbelt Natural Heritage System. Meticulously designed estate homes will be constructed on 60’, 70’ and 90’ lots, that will offer homebuyers superior craftsmanship in an exclusive and sought-after location. Known for its charm and serene setting, Kleinburg is part of the rapidly growing City of Vaughan, currently the fifth largest city in the Greater Toronto Area. The city offers residents easy access to urban conveniences, including the Vaughan Metropolitan Centre (VMC) (the new 442-acre central business district around the intersection of Highway 7 and Jane Street) and the VMC subway station – the northwestern terminus of the Yonge–University TTC subway line, which opened in 2017.
“This is a great development project and investment opportunity for our investors,” said Peter Politis, CEO, Greybrook Realty Partners. “Given the project’s strong interest and the current demand for housing, Greybrook and Treasure Hill made the decision to expedite the sales launch of our McMichael Estates branded project, which resulted in the successful sale of over 50 percent of the homes in the project by early-March 2021. This project demonstrates our ability to source outstanding development sites and our developer partner’s ability to rapidly mobilize and execute on the development plan.”
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 10,500 ground-related homes in the Greater Golden Horseshoe region.
The rise of artificial intelligence (AI) and the increasing adoption of technology across industries has led organizations to explore new ways to transform and streamline operations to stay competitive. As a result, the demand for tech talent has surged, often…
One of the most common questions we hear from investors is: How do we determine where to invest, especially as markets evolve? In today’s dynamic real estate landscape, making sound investment decisions requires a disciplined and selective approach. During a…
We’re excited to share the highlights from Inside Track 2024, our annual investor event that offers industry-leading insights and engaging discussions on the future of real estate and the broader economy. This year, attendees had the opportunity to hear from…
Greybrook and our partners PMG, are pleased to announce that pre-leasing has commenced for Society Atlanta. Located at 811 Peachtree St. NE, Society Atlanta is a 31-story tower featuring 460 rental apartments, over 87,000 square feet of office space and…
We recently had the opportunity to fly over our Archetto Towns project in Woodbridge, offering a new perspective of our 91 townhomes low-rise community. Standing out against the eye-catching backdrop of vibrant fall foliage, this exclusive collection of contemporary townhomes,…
We are thrilled to announce that our Artistry Condos high-rise development in Toronto’s vibrant Grange Park community has reached a significant milestone with the successful topping-off of the building. This achievement marks the completion of the structural formwork at its…
We are proud to share that Linx Condos was recently nominated for the prestigious Heritage Toronto Awards in the Built Heritage category. This year’s 49th Annual Heritage Toronto Awards celebrated exceptional contributions to the preservation and evolution of the city’s…
In the latest episode of the Toronto Under Construction podcast, CEO Sasha Cucuz joins Bullpen Consulting’s Ben Myers and guest co-host Matt Young for an in-depth discussion on real estate investment. The conversation offers insights into Greybrook’s evolution, highlighting its strategic…
On October 20th, 2024, the Ontario government’s Provincial Planning Statement, 2024 (PPS 2024) came into effect, aiming to streamline the province’s land use planning framework. This new policy replaces both the Provincial Policy Statement, 2020, and A Places to Grow:…
The evening featured the prominent Benjamin Tal, Deputy Chief Economist and Managing Director of CIBC World Markets, who delivered his expert analysis of macroeconomic data and real estate trends in the Canadian market. Following his keynote, attendees enjoyed an engaging…
