Graywood Developments

Graywood Developments is a private investment management and real estate developer based out of Toronto. Their priority is to make strong investments in the Greater Toronto Area and beyond. The investments are made privately and with co-ownerships. They are an award winning company, with their project Five Condos receiving particular attention. Five won the High-Rise Project of the Year, Best High-Rise Building Design, and Best Model Suite at the 2011 BILD Awards. It was lauded for it’s smooth oscillating texture that resembles a sound wave as it surges into the sky.

The company is currently being led by Stephen Price who serves as the President and CEO. Price has over 25 years experience in the real estate industry in both the private and public sectors.

Before he joined this developer in 2007, he was the Senior Vice President of GWL Realty Advisors where he oversaw the growth and management of a $2.2 billion multi-residential portfolio.

Price has taken this experience and leadership and allowed Graywood to grow into a force in the real estate industry. They are a fully encompassing company and their services include acquiring development sites, deal underwriting and structuring, development management, project design, land use approvals, sales, marketing, construction management, and project financing.

This variety of expertise has allowed them to develop over 25,000 housing units that account for $4 billion. They currently have 1,800 low-rise residences, and 2,900 condos that are worth $2 billion. They asset manage Toronto’s Ritz-Carlton Hotel, and own 370,000 square feet of retail space. Surely this can be credited to Price’s oversight of the company's growth and operations.

This company has over 30 professionals and support staff, and they have many partners that span financial institutions, pension plans, family offices, high net worth individuals, and residential home builders. Their ability to have a strong team and foster other industry relationships has allowed them to excel in their industry.

This award winning company has shown that it's capable of making solid decisions and even better buildings. Their portfolio includes one of the most impressive towers ever seen at the BILD Awards, and also the historic Ritz-Carlton Hotel in Toronto, and they are sure to continue making strong investments and buildings in the future.

Previous Projects

The Residences at Ritz Carlton

Few places offer this kind of luxury living in downtown Toronto. The central location of these condos provide easy access to anywhere in the city, including subway stops, boutique shops, and gourmet restaurants. Amenities include an exercise room, pool, lounge, and concierge. It is located at 183 Wellington Street W., and construction was completed in 2011.

Ocean Club Waterfront Condominiums

As its name suggests, this emerald tower stands over the waterfront in Toronto’s west end. From this high-rise, residents are able to scope out beautiful downtown Toronto cityscapes, as well as unparalleled views of Lake Ontario. These boutique suites are fully integrated with granite or quartz countertops, an extended breakfast bar, floor the ceiling windows (perfect for the views), and spacious terraces. Its amenities include a rooftop terrace, pool, exercise room, lounge, and steam room. Its address in 2157 Lake Shore Boulevard W., and construction was completed in 2015.

The Mercer

This stylish tower rises out of the Fashion District, and is adorned with brick, steel, and glass. It stands out at 33 storeys, and features 412 units. It has a fantastic central location and its proximity to the subway is only beaten by that of the streetcar. The condos include granite countertops, stainless steel appliances, stacked in-unit laundry facilities, and a slab marble vanity in the bathroom. Amenities include a spa, theater room, lounge, and exercise room. It is located at 8 Mercer Street and construction was completed in 2015.

Five Condos at 5 St. Joseph

This is the crown jewel in the Church and Wellesley neighbourhood to the North of downtown Toronto. This 48 storey tower is seconds away from the Wellesley Subway Station, and is only a few blocks away from Toronto’s historic Queen’s Park. The ceilings in the units can reach up to ten feet, couple that with floor to ceiling windows, and you have suites that are gleaming with natural light. The units also include contemporary cabinetry by Cecconi Simone, Corian granite countertops, and custom bathroom cabinetry. Its amenities include a steam room, party room, and rooftop terrace. It is located at 5 St. Joseph Street and construction was completed in 2015.