Deadline for Kazakhstan-based Bazis International Inc. to pull the plug on the project expired this week

(Source: The Globe and Mail)

A luxury condominium building at Yonge and Bloor Streets seems ready to go forward – most of it, anyway.

Through real estate agents and lawyers, buyers for 1 Bloor E. learned this week that the project would go up, but only 68 storeys.

That’s about a dozen less than were forecast in 2007, when crowds camped for days, hoping to purchase square footage inside what was going to be Canada’s tallest residential building.

Garth Juriansz, a real estate agent who bought a south-facing unit on the 39th floor, and sold numerous others, said he had clients who bought on the 70th and 71st floors.

He said the developer, Kazakhstan-based Bazis International Inc., has promised to return his clients’ deposits with an offer to buy at a discount on lower floors.

Read Kate Hammer’s full article “Luxury tower at 1 Bloor East to go ahead, minus a few storeys” in the Globe and Mail (July 17, 2009).

Read The Toronto Star’s “1 Bloor — Toronto’s Yonge-Bloor development on the brink” from July 18, 2009.

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