As I stated a few posts back, a Toronto law firm had placed a number of banners up on the hoarding at 1BE. They were using the 1BE logo and an image of the building on the banner, so I assumed they were involved some way in the development of the site and I couldn't see them putting up these banners unless they were sure the project was going ahead. I went to their website
http://http://www.robinsapplebyandtaub.com/ and as you can see below, they were involved in the purchase of the site with Bazis & Lehmann Bros. They also list Altus Group as one of their clients. The same parties were also involved in purchasing the southwest corner of Yonge & Sheppard.
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Purchase and redevelopment of 1 acre corner at Yonge and Bloor | 2007-04-05
On December 13, 2006, One Bloor Street East Limited purchased one of the most significant development sites in Canada - a one acre property on the southeast corner of Yonge and Bloor Streets, running one full block south to Hayden Street and east along Bloor Street to existing office towers. The purchase price was over $62.8 million. One Bloor Street East Limited purchased the property on behalf of a limited partnership representing the interests of our client, Bazis International Inc., and Lehman Brothers. The vendor was Canada Square Management Ltd, a company which is part of the Kolter Group.
On April 5, 2007, Bazis International Inc. unveiled its plans to construct the $450 million "One Bloor" tower on the site, consisting of an 80 storey mixed-use tower with 3 levels of retail space, a five-star hotel and about 500 condominium suites.
