Graywood Developments and Phantom Developments broke ground last week on a 55-storey build-to-rent residence at 3201 Highway 7 in Vaughan. Representatives from both companies were joined by Vaughan Mayor Steven Del Duca and Vaughan Ward 4 Councillor Chris Ainsworth at the ceremonial groundbreaking.
Author: Alexandra Foggetti
Graywood and Hankyu Hanshin Properties Annonce 2nd Joint Venture
Graywood Developments and Hankyu Hanshin Properties (HHP) are pleased to announce their second joint-venture development in the Greater Toronto Area with 241 Church Street, a 53-storey, 591-unit build-to-rent (“BTR”) community located at the corner of Church and Dundas in the heart of downtown Toronto.
Graywood expands emphasis on purpose-built rental development
Toronto-based Graywood Developments is putting a stronger and expanded focus on the build-to-rent residential sector as a response to current market demands. “Rental has always been part of Graywood’s strategic plan,” chief operating officer Greg Sweeney told RENX.
Graywood Expands Residential Portfolio with Build-to-Rent Pipeline
Graywood, a leading real estate investment management company, announces its strategic expansion into the Build-to-Rent sector. As part of the move, Graywood has earmarked five residential communities under development as rental projects, totalling approximately 3,000 suites, highlighted by 241 Church Street in downtown Toronto and 3201 Highway 7 in Vaughan in partnership with Phantom Developments.
Here’s who is buying new homes in Canada’s chilly housing market (and it isn’t investors)
Stephen Price, the President and Chief Executive Officer of Graywood Developments, said people buying today are end users like Meszaros. He said the Claystone project, which launched with Japan’s Hankyu Hanshin Properties Corp., will be successful because it is aimed directly at end users.
Mapping Out Toronto’s Condo-to-Rental Trend
Others, like Graywood Developments’ Centricity Condos and the Notable have changed tenure
entirely. Graywood’s Chief Operating Officer, Gregory Sweeney, told Green Street News that the
firm had been contemplating rentals for a few years now, and even designed Centricity with the
functionality to be either condo or rental.
Graywood Completes Final Closing of Graywood Fund X on March 12, 2025
Graywood Developments is pleased to announce it has completed the second and final closing of its tenth private real estate equity fund, Graywood Fund X Limited Partnership (“Fund X”) on March 12, 2025. Commitments total approximately $100 million and include a $20M commitment from a new institutional client.
On the map: Oakville low-rise with a village feel
Claystone is capped at seven storeys. And with its relatively roomy 141 suites offering well-defined spaces for dining, living and working — as opposed to the open-concept units dominating the GTA market — the new building from Graywood Developments and Osaka, Japan-based Hankyu Hanshin Properties is delivering homes that are “more realistic for residents,” according to Graywood vice-president of development Jordan Kemp.
Graywood CEO Looks Forward to Partnering on More Projects with HHP
Graywood Developments is preparing to partner on more multi-residential projects with Japan’s Hankyu Hanshin Properties (HHP) in the Greater Toronto Area now that their first joint-venture is underway.
Hankyu Hanshin Properties and Graywood Announce New Partnership
Hankyu Hanshin Properties and Graywood Developments are pleased to announce the closing of a new strategic partnership and the entry of Hankyu Hanshin Properties into the Canadian real estate market. Based in Japan, Hankyu Hanshin Properties has a number of strategic international partnerships with developers across the globe, of which Graywood Developments is the newest partnership.