Following the recent success of the previously announced joint acquisition of a 7.8 acre parcel of land on the Barrie waterfront, Greenwin is once again partnering with one of Canada's largest real estate investment trusts, SmartCentres, in a joint venture and acquisition of a 1.15 acre parcel of land in Toronto's Yonge and Davisville neighbourhood. The development site represents a strategic opportunity to jointly develop, construct, own and manage a newly-built rental apartment building in the heart of Toronto.
For Greenwin, which played an integral part in the development of Davisville Village in the 1960s, this project also represents a welcome return to its roots. "We are looking forward to again partnering with SmartCentres," said Kevin Green, President of Greenwin. "For Greenwin, this project represents a return to our roots, which stretch back to the 1960s in the Davisville Village. Six decades later, we're excited to continue that legacy of shaping mid-town Toronto's skyline. We are confident that this collaboration will lead to the creation of an exceptional rental community."