In a recent development, The One, an 85-storey luxury condo development project currently under construction at Yonge and Bloor streets, faces receivership as confirmed by court documents. Alvarez & Marsal Canada Inc., a consulting firm, has been appointed as the receiver for all project assets. The decision to place “The One” into receivership comes as … [Read more…]
Toronto Raptors star Scottie Barnes is collaborating on a new condo development project in the city. Originate Developments and its partner, Harlo Capital, are announcing a collaboration with the professional basketball player and Bowlway by Scottie purveyor. The project involves an 18-storey mixed-use development situated between Toronto’s vibrant King West and Queen West neighborhoods, known … [Read more…]
Toronto development company The Gupta Group has submitted a settlement offer complete with a new sky garden to the city of Toronto for its proposed development at 906 Yonge St. in Yorkville. The project consists of two towers and was initially appealed to the Ontario Land Tribunal due to the City’s failure to make a … [Read more…]
As Toronto continues to grow and expand, many changes are reshaping the landscape that the city once knew. One of those changes, in particular, has been the number of car dealership lots and stores disappearing across the city — and even the Greater Toronto Area — to make way for more developments, both residential and … [Read more…]
The City of Toronto is allowing a more substantial number of storeys at The One, though not quite meeting the ambitious target set by the developer, and getting a new public art gallery as a result. The City and Mizrahi Developments, the company behind the ongoing construction of the skyscraper situated at 1 Bloor St. … [Read more…]
With a renewed push for more and more residential development in the city and across the province, Toronto could be seeing more and more approved applications being revised to add greater density. Case in point, an approved nursing home development in midtown is being shelved in favour of a revised plan for a whopping 50-storey … [Read more…]