YSL Residences - Yonge Street Living (383 Yonge) | 299m | 85s | Cresford | Kohn Pedersen Fox

Bulloch

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Could be an interesting turn of events. Based on reports, Cresford hired GFL to complete shoring work for YSL, which they reportedly also owed money for as well and had a lien placed on it. Speculative theory, if that is resolved now then perhaps Cresford are setting up to move in with their own construction team now. Still not definite as it needs more concrete movement to verify if that's the case, but if the construction office is active then it's showing signs of life.
Just for your info YSL construction office was there long before construction work stopped. There is no activities since then. Secondly there are over sixteen Liens placed on YSL lots amount over 11 million dollars.
 

rbt

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Secondly there are over sixteen Liens placed on YSL lots amount over 11 million dollars.
And, even if those are resolved, they still need to find a bank/investor willing to loan money for construction while they're in court for keeping 2 sets of books specifically to mislead investors loaning them money for construction.

I'll be astonished if Cresford finishes this project themselves; Great Gulf or Concord Adex or Tridel or another cash rich developer will likely step in.
 
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elad

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To me, downtown will have to go to mid-rise high-density (BIG on King) with variable elevator shafts over a wider footprint? Some supertalls now not likely to happen (unless fully build-out financed, maybe not even then).
 

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