Toronto Pearl Place | 121m | 34s | Conservatory Group | Richmond Architects

[interchange42]

Things are up at Conservatory. Anyone here have more insight than what's in the articles below?

Multibillion-dollar development empire, built by Auschwitz survivor, has been ordered sold because his four wealthy sons can’t get along

The late Teddy Libfeld emigrated to Canada in 1951. He founded the company that became the Conservatory Group in 1960 and ran it, beginning in the late 1970s, with his children, until his death, in 2000. Now valued at between $2.5 billion and $4 billion, the company is one of the most...

www.thestar.com

Extreme Family Disfunction: Unintended Consequences in a Winding-Up Case

The Court has broad jurisdiction to intervene in the breakdown of partnerships and corporations where it is just and equitable to do so, and a broad…

www.lexology.com

42

 

[Edward Skira]

 

[taal]

I haven't seen a lot of action on the site lately, I wonder if there is indeed fallout due to the ongoing issues with Conservatory at the moment.

 

[sunnyraytoronto]

I haven't seen a lot of action on the site lately, I wonder if there is indeed fallout due to the ongoing issues with Conservatory at the moment.

I pass by a couple times a week during working hours and always see Construction Workers busy working here! I think the issue is - they're working on the lower podium floors which usually take about a month per floor due to customization but here with the huge floor plate it'll likely take 2 months per floor,... so if you're just counting floors it look like they're stalled. In contrast, once they get to the tower portion - it should take about 1.5 week per floor with Flying Tables.

Here's proof of about 60 Construction Workers are onsite,... well at least next door - at Branch 66 Royal Canadian Legion Hall on Remembrance Day.

 

[kris]

 

[Edward Skira]

 

[MisterF]

Today

 

[Edward Skira]

 

[Edward Skira]

 

[Edward Skira]

More on the Conservatory Group saga. https://torontolife.com/city/inside-libfeld-4-billion-real-estate-family-feud/

 

[drum118]

Feb 27

 

[Edward Skira]

 

[Fil111]

Hey Everyone, would anyone be able to shine a light on what could happen with this project since the Conservatory Group is likely to be sold off in the near future? Will investors get hurt?

 

[Edward Skira]

It is still being built. Shouldn't impact the purchasers at all.

 

[Undead]

Lurking in Mr. Skira's neighborhood today: