khris
Senior Member
Isn't this the same thing that 1 Bloor did?
My wife and I just received a letter from Empire regarding Star Tower.
"...In accordance with your Agreement of Purchase and sale, we are writing to advise you that we are extending the economic viability date.......Please be advised that the vendor does herby extend this aforementioned Condition for a period of Six Months, to June 30, 2009…"
I can see them possibly extending another six months when June 30th comes around, the agreement calls for a maximum of two extensions up to six months each.
Any thoughts...
I believe the extension here is related to the slow rezoning process underway. Can anyone confirm that?
42
and real estate history has shown us that any waterfront property is usually the last one and the least affected by any downward trends. Any thoughts!!??