RitsmaCW said:
Agreed. I was wondering why it was designed so far back from the street. Is there even retail proposed here? I thought I read through and saw zero retail space.
Click to expand...

From the DRP page, apparently it has 1,623 sq.ft. of (awkward) retail space:

IMG_3956.jpeg


 
KingJames said:
Is the actual developer bankrupt or just the entity that was created to develop the Barton Street project?
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It would be shocking if LJM is actually bankrupt, all these developers operate under numbered corporations to protect themselves and prevent this from affecting their other sites.
 
PaperSun said:
It would be shocking if LJM is actually bankrupt, all these developers operate under numbered corporations to protect themselves and prevent this from affecting their other sites.
Click to expand...
HCRA is pulling all licenses of the project held under LJM Group due to financial mismanagement across three different sites (defaults on all loans)

Ontario Builder Directory | Home Construction Regulatory Authority

As Ontario’s home builder regulator, the HCRA provides access to a searchable database with information about Ontario’s approximately 5,000 licensed home builders and vendors. Some of the information that the directory provides includes whether a builder you are considering is licensed...
obd.hcraontario.ca obd.hcraontario.ca

kpmg.com

LJM Developments (Hamilton) Inc.

Creditor and stakeholder information
kpmg.com kpmg.com

Aviva Insurance has taken over the liquidation proceedings, replaced the monitor to kpmg, removed the the developer's DIP facility with their own, and is now searching for the missing $19 million that LJM siphoned off from LJM Tower....

Defaulted on 3 loans to 3 different credit unions in Halton Hills, Cambridge, and Kitchener...

In total, owing about 31 million from LJM Tower plus 20 million to defaulted lenders...

more legal proceedings coming soon....
 
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