US EditionPlans For 32-Storey Toronto Flatiron Mired In Receivership Over $28M Debt
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Plans For 32-Storey Toronto Flatiron Mired In Receivership Over $28M Debt
The Ontario Superior Court of Justice has granted a receivership order over a series of development land parcels in North York, the likes of which were set to accommodate a 10-storey mid-rise and a 32-storey flatiron tower with a shared six- to eight-storey base. The June 18 appointment order stems from an application made in April, which refers to around two dozen entities as the collective “lender,” and an indebtedness of around $28,450,456 as…
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