Toronto Elektra Condos | 133.5m | 42s | Menkes | Giannone Petricone

[ShonTron]

The Filmore's sign marquee now reads "Final Curtain January 31, 2026." That's a Saturday night.

 

[ShonTron]

Went by today and took photos.

 

[Northern Light]

I wonder if the owners of Filmores just decided to exit, as this has dragged on.

I see no evidence of Menkes getting closer to actually building anything here.

The SPA shows no activity since '23.

Would be odd to force a paying tenant out if they didn't want to exit.

 

[ProjectEnd]

I've not heard anything specific but worth noting that Menkes does do rentals...

 

[AlbertC]

The Filmore's sign marquee now reads "Final Curtain January 31, 2026." That's a Saturday night.

UT night out at Filmores....

 

[Condodude]

Called the front desk and they confirmed they are closing the club and hotel Jan 31st. I feel like they will end up doing a rental building for this project. There is no way that Menkes can meet sales by Q2 2026 and start construction as well.

 

[msule]

The contract says that they need to secure satisfactory financing by June 3, 2027. That gives them another 18 months to sell, but given the market this may be unlikely.

 

[Condodude]

I wonder how many units got sold. They need 70% units sold to start construction. I don’t see them actively marketing the project either