Blixtein
Active Member
That strip club is the only interesting thing in that part of the city.
Toronto Concord Sky | 299m | 85s | Concord Adex | Kohn Pedersen Fox
- Thread starter greenleaf
- Start date
SilverSable
Active Member
Cresford built the Casa1-3 and Vox Condos so this building is bound to be similar in stature. Glad to see Yonge Street is being cleaned up
.dwg
Active Member
Except Cresford isn't building this. Scroll up.
Bulloch
New Member
did you ever heard " it ain't over before the fat lady sings. " so stay tune
.dwg
Active Member
The fat lady has categorically sung. Cresford's projects are in receivership and there are liens on the properties.
urbanyimby
Active Member
This one isn't in receivership
Automation Gallery
Superstar
No this was the one exempt, i have every hope this will be built accordingly to plans, now lets see who is the builder?
.dwg
Active Member
I was mistaken.
That said, I still find it very, very, unlikely that the Cresford team will be responsible for seeing YSL through. It will almost certainly be a different developer who takes over.
NeilV
Active Member
Considering that they've packed up all the equipment and abandoned the site, it seems unlikely that they're going to build it. And if they had to choose just one of their four projects to build, why this one?
Automation Gallery
Superstar
Why was it spared?
thaivic
Active Member
This is not financed by the same people so they could not force this one into receivership, as every project is a separate corporation if they have the financing in place and they have not broken any covenants of their agreement then they can still build it, only time will tell what will happen.
khris
Senior Member
Has there been a story on the news portion of Urban Toronto about this project and Cresford yet?
.dwg
Active Member
No they cannot still build it if they lack the money to pay the constructors and other consultants such as architects / construction admin. There are liens against the properties.
We are not big enough to do investigative stories of this type. You need reporters who specialize in legal matters to pull it off properly, so the mainstream media is best to tackle such matters.
42
Midtown Urbanist
Superstar
According to some of the documents, apparently they wanted to build out YSL to help finance their other projects as only YSL was still profitable. Plus like thaivic said, there were other investors involved.