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If we were in a world where government comment, action, and approvals didn't take an obscene amount of time, maybe. It's a rough reality nowadays.

You're never forced into buying anything - regardless of the market you should be analyzing the potential for loss.

The plot thickens... again...

Ah they ARE the receiver. Thought they were the appointed advisor only.

Hope this turns true - no brainer policies

If the market was in a better place I would be worried that the new buyers would simply terminate the current unit purchase APSs. Luckily, market isn't in that state unless the receiver can wait 12-18 months - doubtful.

Isn't this the same copy paste email from a few weeks ago? Who is the receiver?

13+ storeys would set precedent for this direct area. It'll be interesting to see if other assemblies start to form in nearby lands. IN8 proposal down the street furthers this trend.

Yep - exactly this!!!

A bit of relief for these buyers - 100% forming a group that will never re-enter the pre-con market.

Can't find a threat for it - however - heard whispers Flato was in trouble. Any validity to that?

I know that there are a lot of people out there who hate this kind of architecture... I honestly kinda like it.

LOL - hope so

What is the current status of this? Only really have been able to find outdated news articles...

Ehhh. Only time this happens is when buyers rush into deals that they do not fully understand. Any lawyer/agent in the new home space would instantly see red flags. It'll damage a developer's reputation, but if its going to backstop a few million in losses, it's tempting.

Such a small site, would love to know how they make the finances work. One small overrun from losses. Actual proposal is great.

Nice shots, fantastic...

I'll be the first to say it, this is an ugly design. Awful at best.

Was this site ever sold by Stateview?

Yikes... Such a great design and heritage piece. Hopefully someone can receive and actually see this to completion. Such an eye-sore.