Recent content by Urbia-Suburbia

Hello, Are any pre-construction owners for 'the one' on here?

That's interesting. Thank you very much for replying.

Does anyone know if the Andaz hotel will still be in this building?

Hi, I'm an owner as well. Beyond the two letter we've received from the Receiver thus far, do you have any news? Thanks.

Hi, I'm an owner as well. Beyond the two letter we've received from the Receiver thus far, do you have any news? Thanks.

Prospective buyers may have been able to bail out, but I doubt that pre-construction buyers who signed a contract can just back out of their contracts unless they're either prepared to lose their deposits or the counterparty actually breached the conditions of the contract. The Princess in the...

Probably a non-issue, as it's likely just a matter of time until the current pre-construction unit holders are either "invited" to pay up to match the current market price of their unit or have their APS cancelled, so their unit can be resold at the current market price. It's my understanding...

Who knows. Maybe they both have transferred most of their personal wealth to their family members to protect their assets. I was just surprised to see the personal guarantorship.

Did my little eyes see right? Mizrahi and Coco are both guarantors under the credit agreement?! (p. 14 not shown in the above excerpt)

The type and quality of finishes are generally listed in the sales contract, I believe. I suppose Mizrahi's wiggle room depends on how nuanced those descriptions are.

Wow. What a mess...

Have any tentative new timelines been issued for completion?

https://www.thestar.com/news/gta/2022/03/14/listed-for-77-million-gone-in-a-day-a-look-inside-this-luxury-toronto-condo-in-the-one-at-bloor-and-yonge.html

It's an opinion piece. No more - no less. For any opinion expressing such dystopian outlook, there's another that views the future of the Mizrahi project and the (post-pandemic) Yonge/Bloor area with optimism and, dare I say, cautious excitement.

Thank you very much!