"GSI/GRP Lower JCT Mixed-Use Development Ontario - Project Profile" contains information on the scope of the project including project overview and location. The profile also details project ownership and funding, gives a full project description, as well as information on contracts, tendering and key project contacts.
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Greybrook Securities Inc (GSI) and Greybrook Realty Partners Inc. (GRP), both affiliates of Greybrook Capital Inc., are planning to building a mixed-use community in Toronto, Ontario, Canada.
The project involves construction of a 92,903m2 mixed-use community on 3.2ha of land and will be developed in phases. It includes the construction of seven building with 665 residential units comprising 168-unit condominium named Museum FLTS and 32 townhomes, and 51,097m2 of commercial retail and office space, parking and related facilities, and the installation of safety and security systems.
SvN Architects + Planner was appointed as the architect for the Draft Building, architectsAlliance for Museum FLTS.
On July 6, 2015, GSI and GRP closed a US$22.4 million private equity placement from CastlePoint Investment Group, LLC (CPIG). As per the transaction, proceeds from the private placement will be used to acquire the project site, which will be jointly developed with CPIG.
Castlepoint Numa has been appointed as associate developer, TACT Architecture Inc., Page + Steele / IBI Group Architects, ArchitectsAlliance and C M Peck Architecture & Engineering as architects for the project.
In August 2015, the project secured final approvals.
In June 2017, GSI submitted a site plan approval (SPA) application to the City of Toronto.
As of September 2017, construction of townhouses is underway and site-preparation works for other sections are underway.
The townhouses are expected to be completed by 2018 and condominiums by 2019, and the entire project is expected to be completed by 2025.
The project involves the construction of a 92,903m2 mixed-use community on 3.2ha of land in Toronto, Canada.
The US$150 million project includes the following:
1. Construction of 665 residential units
2. Construction of 51,097m2 of retail and office space
3. Construction of parking facilities
4. Construction of related facilities
5. Installation of safety and security systems
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