Ontario Construction News staff writer
Greybrook Realty Partners Inc. said last Thursday that it is investing $15,450,000 to acquire and oversee the development of a prime parcel of land at 2231 St. Clair Ave. W. in Toronto.
Together with its developer partner, Marlin Spring, the firm intends to develop the property into a mid-rise condominium residence with more than 220 units and 12,000 sq. ft. of commercial space at grade.
“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,” Greybook CEO Peter Politis said in a statement. “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. 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.”
