Great Gulf finalized purchase on Wednesday…original plan to build 80-storey condo to be scaled down…new plan is to build smaller building with luxury condos and retail stores…

(Source: CBC News)

A building that was once slated to become the tallest condominium tower in Canada will be more modest in stature by the time it’s constructed, the project’s new developer said Thursday.

Greater Gulf Homes, a Toronto-based developer, finalized a deal Wednesday to acquire the empty lot at 1 Bloor Street East, on the corner of Bloor and Yonge Streets.

Read the full article “1 Bloor E. condo project scaled down” at (September 17, 2009)

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