GreyBrook logotype
Investor Login Contact Us

Greybrook Realty Partners Invests $14,500,000 in a Low-Rise Residential Development Project with Treasure Hill in Vaughan, Ontario

Date:
March 30, 2021
Share:

Development adds to the firm’s growing real estate development portfolio in the Greater Golden Horseshoe region

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.

Read the full announcement on the Globe Newswire site

Latest Insights

CEO Peter Politis Featured Speaker at Leaders Lounge 2022

Uncategorized
May 19, 2022

This highly anticipated industry networking event brought together a notable group of prominent Canadian real estate leaders, including our very own CEO, Peter Politis, who joined fellow industry players, including our developer partners, Benjamin Bakst, CEO and Co-Founder, Marlin Spring,…

Greybrook Realty Partners Invests $26,385,00 in a Low-Rise Residential Development Project with Treasure Hill in Brooklin, Ontario

Portfolio Updates
May 17, 2022

Greybrook Realty Partners Inc. announced today the successful closing of an equity investment by its managed issuer of $26,385,00 to acquire and oversee the development of a prime parcel of land located in Brooklin, Ontario. Together with its developer partner,…

Greybrook Realty Partners Invests $25,300,000 in a High-Rise Residential Development Project with Metropia in Toronto, Ontario 

Portfolio Updates
May 16, 2022

Greybrook Realty Partners Inc. announced today the successful closing of an equity investment by its managed issuer of $25,300,000 to acquire and oversee the development of an assembly of properties located on the south side of Dundas Street East between…

First Wave of Occupancies Start at Stockyards District Residences

Portfolio Updates
May 10, 2022

Alongside developer partner, Marlin Spring, we are excited to welcome all the new homeowners to their new homes and look forward to the next wave of occupancies over the coming weeks. The hardworking construction and execution teams were on-site to…

Symphony Towns Welcomes First Wave of Homeowners

Portfolio Updates
April 27, 2022

More families will soon call Symphony Towns home as the occupancy process continues throughout May. Alongside developer partner, Marlin Spring, we congratulate the construction and execution teams on their hard work achieving this much-anticipated milestone and welcome all the new…

Greybrook Tours Our Toronto Projects

Portfolio Updates
April 25, 2022

Avenue and Park Accompanied by developer partner, Stafford Homes, our team had an opportunity to see first-hand the spectacular views and luxury amenities that residents of this boutique 35-unit residence will be able to enjoy. 181 East Our tour made…

Toronto Film and TV Production Industry Sets New Record in 2021

Insights
April 21, 2022

After a record-breaking year, Toronto’s production industry is set to experience rapid growth and momentum again in 2022. A total of 1,468 productions and over 7,800 production days were filmed in Toronto last year, with that number set to rise…

Inflation, Rising Rates, and the Many Variables Currently at Play

Insights
April 15, 2022

As we emerge from the pandemic, this latest phase of our economic recovery has been met with a host of macroeconomic variables that have had a direct impact on our everyday lives. From supply chain challenges to interest rates increases,…

The Way: Collegeway Officially Sold Out

Portfolio Updates
April 4, 2022

Located within the established Erin Mills community, this mixed-use low-rise development is comprised of over 300 urban townhomes and more than 11,000 square feet of redeveloped retail and office space. Residents of these new townhomes will enjoy easy access to…

Increased Immigration is Critical for Canada’s Long-term Prosperity

Insights
March 31, 2022

We were very intrigued by their bold mission to advocate for policies and programs that would increase Canada’s population to 100 million by 2100. The Century Initiative argues that our long-term success depends on our ability to scale our population…

All Publications

Join our newsletter and keep up to date with our news & insights

Contact us