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Transactions - OCTOBER 23, 2020

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Greybrook, Marlin JV to develop mid-rise residential project in Toronto

by Released

Greybrook Realty Partners and Marlin Spring have plans to develop a prime parcel of land located at 2231 St. Clair Ave. West in Toronto into a mid-rise condominium residence.

It will have more than 220 units and more than 12,000 square feet of commercial space at grade. The project closed on an equity investment by its managed issuer of $15.45 million.

Located on St. Clair Avenue West, between Keele Street and Runnymede Road in Toronto’s Stockyards District, the development site is well connected with two nearby TTC stops and the streetcar on St. Clair Avenue West. The site is steps away from RioCan’s Stock Yards Village mall, a 500,000-square-foot urban retail property featuring more than 50 major retailers and restaurants. Situated in close proximity to an array of chic cafes, shops, microbreweries, and local restaurants, the development is also walking distance from popular outdoor recreational facilities and parks, including Runnymede Park and George Bell Aren

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