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1 Bloor East, DEAD AND BURIED (Bazis, -2s, Varacalli)

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One of my clients, who is a partner in a medium-sized development company, told me today 1BE has lost all its financing. I asked him specifically if he meant some or all, and he said all 9 financial institutions have pulled out. Obviously I'd consider this a rumour, as he offered no proof, so I can't offer you any either, but it is from an industry insider who's way up the foodchain.
 
the guy who spent $25 million on the penthouse is going to be pissed....:rolleyes:
 
Hydrogen said:
Then why continue with demolition?
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it's an illusion. the buildings are still there. they installed a giant HD screen around the site playing a computer simulation of demolition work. didn't you see the windows error screen?
 
Prometheus The Supremo said:
it's an illusion. the buildings are still there. they installed a giant HD screen around the site playing a computer simulation of demolition work. didn't you see the windows error screen?
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I guess I didn't. Maybe I was too busy trying not to walk into construction fencing.
 
yyzer said:
the guy who spent $25 million on the penthouse is going to be pissed....:rolleyes:
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You mean this guy?
230575_f260.jpg


He'll be ok. I think he's going to reinvest in the 58th floor or Trump.
 
garth turner who is in the know has also stated that a mid-town condo is pulled. No word on which one it is but all signs point towards this one.

I think construction can still proceed if they are actively working on getting alternative financing options .... maybe from a kazhak bank.
 
MBS-Guru said:
garth turner who is in the know has also stated that a mid-town condo is pulled. No word on which one it is but all signs point towards this one.

I think construction can still proceed if they are actively working on getting alternative financing options .... maybe from a kazhak bank.
Click to expand...

You mean this one?

borat-50-money400.jpg
 
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