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Japanese developer reteams with Graywood on a new project in downtown Toronto

Two firms partner on 53-floor residential tower at 241 Church St. expected to be completed in 2028
Graywood and Hankyu Hanshin Properties are partnering on a 53-floor residential tower in downtown Toronto. Here is the site pictured in September 2025. (CoStar)
Graywood and Hankyu Hanshin Properties are partnering on a 53-floor residential tower in downtown Toronto. Here is the site pictured in September 2025. (CoStar)
CoStar News
November 13, 2025 | 10:08 P.M.

Graywood Developments has found a capital partner for the Toronto residential tower it is building on the site of a former gas station, which it purchased for $73 million five years ago.

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