New Head Of Graywood Sees Ongoing Stability
Graywood Developments new president and CEO Stephen Price's officeoverlooks the Ritz Carlton. (Which means if you get the right room, you can spy on him.) The 53-storey combination hotel/condo project on Wellington Street is one of the companys highest-profile development projects (in partnership with Cadillac Fairview).In his 23 years in the industry, Stephen has held senior management positions in private and public companies, focusing on asset management, development, and investments. Stephens appointment is the latest move in a six-year orderly transition from an entrepreneurial company into one governed more by a formal management structure. Toronto is a very solid long-term market, Stephen says. "The current slowdown is a healthy situation, actually.
