Greybrook Realty Partners invests nearly $11 million in Brooklin development project

brooklin development site
Google Maps satellite view of the development site in Brooklin

Greybrook Realty Partners Inc. says it has closed an equity investment by its managed issuer of $10,985,000 to acquire and oversee a land development project in Brooklin, north of Whitby’s town centre.

With Fieldgate Homes, the firm will develop 18 acres of land into a residential community with more than 170 single-detached homes, freehold townhomes and condominium townhomes.

“We are delighted to announce our fourth venture with Fieldgate Homes, an exceptional partner with an established track-record of success,” Greybrook CEO Peter Politis said in a statement. “This development represents another high-quality addition to our portfolio and our second venture with Fieldgate in Whitby. The project will provide much-needed housing supply to a region that is demonstrating strong demand-side characteristics and rapid economic development and that continues to make important infrastructure investments.”

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 more than 9,000 ground-related homes in the Greater Golden Horseshoe region.


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