Construction has started at Platform Condos. Demolition of existing structures commenced in April. Currently the site is being excavated with shoring and full construction to follow.
https://canadanewsmedia.ca/2018/10/...eloper-fortress-real-developments-shuts-down/Second mortgage brokerage firm tied to real estate developer Fortress Real Developments shuts down
A second mortgage brokerage firm that raised money to finance projects for Fortress Real Developments Inc. has closed its doors, marking another setback for the troubled real estate developer.
FDS Broker Services Inc. filed for bankruptcy effective Sept. 17, according to licensing information filed with the Financial Services Commission of Ontario, the province’s mortgage industry regulator.
FDS, initially known as Fortress Distribution Services Inc., was owned by its chief executive Zafar Khawaja, a licensed mortgage broker. Mr. Khawaja could not be reached for comment on Monday and FDS’s main phone number went straight to voicemail.
https://www.theglobeandmail.com/business/article-lenders-to-seize-13-fortress-real-estate-projects/Senior lenders have moved to seize control of 13 real estate development projects co-ordinated by Fortress Real Developments Inc. as the loans mature or fall into default. A new report from FAAN Mortgage Administrators Inc., a court-appointed receiver that took control
https://fortressrealdevelopments.com/projects/mississauga-meadows-one/Advanced discussions are ongoing for a new developer to purchase this site and build it out.
Uh, so, what's happening with this now that Fortress is close to failing?
A tower crane has been erected on site. The crane installation will facilitate the buildout of the structure as construction continues at Platform condos, a fully sold-out project.