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.