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Greybrook and Canadian Investment Partners Invest in Delos to Expand Presence in Canada
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The tallest residential building south of New York City is coming to Miami
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Toronto diner open since 1944 persevering despite impending condo development
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Toronto lost its share of venerated greasy spoons last year, but Avenue Diner, the 77-year-old restaurant on Davenport Road, is determined to hold on.
Slinging clubhouse sandwiches and plates of home fries, the business has been holding down the northwest corner of Av and Dav since 1944. For owner Louis Klasios, the diner is all he knows.
Bu there s a new development from Greybrook Realty Partners slated for that same corner. Earlier this year, the developer closed a deal on five properties on the block, with plans to build a luxury high-rise.
One of Toronto s oldest diners could be demolished for condo
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Yet another luxury condo building is currently in the works for Toronto s Yorkville neighbourhood, and it could put the future of one of the city s oldest diners in jeopardy.
Greybrook Realty Partners announced Wednesday that they successfully closed an equity investment worth $41,765,000 to acquire five properties in Yorkville. The properties are located at 148, 152, and 156 Avenue Rd., as well as 224 and 234 Davenport Ave.
In partnership with Tribute Communities, Greybrook plans to build a luxury high-rise condominium consisting of over 380 units and more than 6,000 square feet of commercial space at grade at the northwest corner of Avenue and Davenport.
Greybrook Realty Partners Invests $41,765,000 to Develop a Luxury High-Rise Condominium with Tribute Communities in Toronto, Ontario
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