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Interesting. Anyone want to manually count the number of floors on the Concord renderings?

I could be misinformed, but I was under the impression that YSL would be connected to PATH and thus Yonge+Dundas station.

This plan for the SW corner of Yonge+Gerrard shouldn't have any direct impact on YSL. I'm not sure how you made that connection.

Let's not forget that only one source on this thread claims that Concord is changing building designs.

There's also no reason that the building design/plans should change considerably, especially since Concord cannot make substantial material changes to prior contract agreements

Thanks for the update. Any idea on what happens to purchase agreements?

The City sure loves its green spaces. No chance they will allow Concord to eliminate the park.

Any other insider info? Lol

Source?

It might be a while before any real activity happens on YSL lot. The major issue is that new project financing must be arranged after prior creditors were booted.

As part of the proposal, only 56 units' purchase agreements were disclaimed. Concord honours all other contracts.

There are over 1000 units, it would be nearly impossible for Concord to convince every condo purchaser to agree to a change in ceiling height.

Would a change in ceiling height be considered a material change that would be a breach of purchase agreement? The way one law firm describes material change would suggest so: The Condo Act expressly defines “material change” (which can be paraphrased as a change that a reasonable purchaser...

I can see Concord adding 5 floors but not changing ceiling heights. Concord has a reputation to keep and 9 ft ceilings is a must for any luxury condo. Not to mention it would be a show of bad faith to substantially change unit features as important as ceiling height.

And regarding ceiling height? A decrease from 9 ft ceilings?

I don't mind extra floors to push YSL over 300 m height. But if purchase agreements state 9ft or 10ft ceilings, then Concord has to honor those ceiling heights right?

Agreed. Yonge and Gerrard is going to be quite a sight in a few years one way or another.

Concord has successfully acquired the YSL project from Cresford! Looking forward to see YSL takes its place in the skyline of downtown Toronto. (source...

Any updates on today's court hearing?

Interesting. With that in mind Concord should provide a stronger proposal to the satisfaction of the creditors to avoid having to compete with other builders for the project.