Greybrook invested equity capital alongside Tribute Communities and will oversee their development of the Durham III project.
Located at 1246 Prestonvale Road in Courtice, the development is expected to bring to market a collection of single-detached homes on 40 foot lots and townhomes on 20 foot lots.
Situated near the Darlington Provincial Park and McLaughlin Bay Wildlife Reserve, the 79-acre development site is close to ample greenspace, while providing quick access to Highway 401. The site is situated near two parcels of land that Tribute Communities and Greybrook Realty Partners jointly acquired in 2017.
Greybrook Realty Partners Inc. announced today the successful closing of an equity investment by its managed issuer of $24,945,000 to acquire and oversee the development of a prime parcel of land located in Courtice, Ontario. Together with its developer partner,…