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Well the only thing we know for sure right now is Cresford is officially finished...
PWC running the process to sell Clover and Halo...

The Clover on Yonge Inc., The Clover on Yonge Limited Partnership, 480 Yonge Street Inc. and 480 Yonge Street Limited Partnership (Cresford Group)

This page is for information purposes only and you should consult your professional adviser if you have any questions or are uncertain as to your rights or obligations.
www.pwc.com www.pwc.com
Apparently the YSL sale process is still ongoing, probably delayed for obvious reasons... Unfortunately, I think it's unlikely that that can go back to the 99-storey version with the indented roof terrace... which was just leaps and bounds better than anything we have seen proposed, let alone built, in Toronto...
 
Amare said:
Please dear God, I hope Concord has magically gone out to space for the next 6 months so they dont hear of any new news on the availability of this site for development.
Click to expand...
Fingers crossed! This will be a hot mess if Concord gets their hands on it
 
"The application for receivership was made by bcIMC Construction Fund Corporation and bcIMC Specialty Fund Corporation." So bcIMC owns the debt I presume. I wonder if they'd sell it to their real-estate equity arm (QuadReal)? Although typically there are different clients invested in each investing arm, so there may be some conflicts of interest issues.

www.livabl.com

3 Cresford condo sites enter receivership, thousands of purchase contracts jeopardized

On Friday, March 27th, PwC was appointed as the receiver and manager of assets for three of Cresford’s downtown properties, including The Clover on Yonge, Halo Residences and 33 Yorkville.
www.livabl.com
 
Amare said:
Please dear God, I hope Concord has magically gone out to space for the next 6 months so they dont hear of any new news on the availability of this site for development.
Click to expand...
I don't think this development would interest Concord. They seem more into building entire communities, not one off buildings.
 
madknife said:
Well the only thing we know for sure right now is Cresford is officially finished...
PWC running the process to sell Clover and Halo...

The Clover on Yonge Inc., The Clover on Yonge Limited Partnership, 480 Yonge Street Inc. and 480 Yonge Street Limited Partnership (Cresford Group)

This page is for information purposes only and you should consult your professional adviser if you have any questions or are uncertain as to your rights or obligations.
www.pwc.com www.pwc.com
Apparently the YSL sale process is still ongoing, probably delayed for obvious reasons... Unfortunately, I think it's unlikely that that can go back to the 99-storey version with the indented roof terrace... which was just leaps and bounds better than anything we have seen proposed, let alone built, in Toronto...
Click to expand...

you mean the design that the city rejected become it put a shadow for a couple of hours on Allen garden in fall?
unless the city changes in reg. you will never see that design again
 
I am guessing Lanterra, Daniels, Tridel or Menkes will buy the projects.

I'd say Great Gulf or Pinnacle but both are pretty busy right now with their big projects. GG hasn't even acted on Mirvish yet and that's a huge project to undertake. Pinnacle has the massive One Yonge project.
 
west
travis3000 said:
I am guessing Lanterra, Daniels, Tridel or Menkes will buy the projects.

I'd say Great Gulf or Pinnacle but both are pretty busy right now with their big projects. GG hasn't even acted on Mirvish yet and that's a huge project to undertake. Pinnacle has the massive One Yonge project.
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Hopefully Oxford on this one
 
I'm sad that Cresford bit the dust... solid projects (better than many). Since I'm not privy to court proceedings, or who actually steered the ship.. I'll riff on an old joke "what do you call a thousand lawyers at the bottom of the sea? A good start. How would you improve this situation? Two thousand accountants in the same place".

Maybe some solid Cresford city builders will rise from the ashes.
 
ProjectEnd said:
Perhaps you could point me in the direction of past Oxford condo projects?
Click to expand...
They have partnered with Daniels in Mississauga now, and are starting rental projects in Scarborough as well.

OXFORD AND AIMCO UNVEIL SQUARE ONE DISTRICT, A NEW 130-ACRE 35,000-PERSON MIXED-USE COMMUNITY IN THE HEART OF DOWNTOWN MISSISSAUGA | Square One Shopping Centre

Oxford Properties Group (“Oxford”), a leading global real estate investor, developer and manager, alongside Alberta Investment Management Corporation (“AIMCo”), today unveiled its plan for the transformation of 130-acres around the Square One Shopping Centre into an 18 million square foot master...
shopsquareone.com shopsquareone.com

That said, I don't see Oxford picking any of these up. They are more about intensifying existing assets than buying up and developing high risk condo projects.
 
A risk-averse pension fund is going to buy a distressed, sold-out, condo project with a self-performed construction element and take it across a distant, litigious, finish line?
 
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