Toronto 327 Royal York Road | 118.5m | 35s | VANDYK | SvN

[Keyz]

December 4th, 2016

 

[interchange42]

That'll be quite a good vantage point once On The GO is a few storeys above ground!

42

 

[drum118]

Feb 03
Depending on weather, the building should be at grade in March or April finally.

 

[Jasonzed]

 

[toaster29]

Looks like this may be cancelled? Land/site is now for sale.

http://v3.torontomls.net/Live/Pages...b0f4a444697b8f1bd259272d808&App=TREB#W3749859

 

[maxt797]

Wow, with the crane?

 

[iDANIEL]

Shocked......

I knew there was push back but very surprised. I wonder how 6 Loyd will turn out now.

 

[interchange42]

Ay yay yay yay. Sorry to hear that. With the eco features in this building like the geothermal heating and cooling system being put in under the building, I always thought these guys had the right intentions, but they certainly got caught up in some sticky political messes over their projects, and annoyed the local historical society with the incomplete restoration of the old train station which they used as the sales centre here…

I was glad when work on this re-started last year, but it seems they bit off more than they could chew.

42

 

[Edward Skira]

Craziest MLS listing I've ever seen.

Client Remks:Land Offered For Sale Under Court-Approved Sale Process Subject To Terms & Conditions Available From The Receiver. All Offers Will Be Considered By Receiver On Individual Basis When Received. All Appointments Must Be Arranged Through The Receiver. For More Information About This Listing, More Photos & Appointments, Please Click "Go To Listing" Button In The Realtor.Ca Desktop Version, Or Click The Multimedia Button In Mobile Device App.Extras:Vacant Land Has Not Been Assessed For The Taxes Yet.

Look honey it's a bit of a fixer up. What do you think?

 

[tdotpawel]

The developer is in a receivership. Anyone know what this means for people that purchased units here? Will a new developer just take over the project and finish it or will people have to repurchase the units at a higher price now?
http://www.extranets.bdo.ca/terrasan/

 

[Rod Singh]

The lender has pulled out apparently and there are plenty of lean on the project. I would imagine if anyone buys this land they would relaunch the project than keep the existing contracts, especially given the increase in condo prices.

 

[carrythezero]

More than 200 condo buyers may lose homes after development fails

 

[ShonTron]

CBC story here:

http://www.cbc.ca/news/canada/toron...-lose-homes-after-development-fails-1.4056699

Reporter John Lancaster knows the area well; he reported on Justin Di Ciano's ties with Dunpar in 2016.

 

[Filip]

Surprise surprise.. Councillor Grimey of Eau du Soleil fame, has also endorsed this development via a video advertisement/appearance.

I hope he gets sued for being involved in this. What if one of those buyers decided to purchase based on the councillor's endorsement? This is why you don't work for developers.. There is a reason why this is considered a conflict of interest.

 

[AlvinofDiaspar]

This surely is On the Run Mimico now.

AoD