I can't speak on behalf of the Matrix complex, but I can of Optima. I own a unit there.
The CBC got it wrong, the lawsuit is not for 20 million, ( it is much lower than that around 1million ) and there are no problems with the foundation. The problem lies within the windows in the penthouse level with water issues, and they need to be replaced. It is too bad Concord is not stepping up to the plate and being a responsible builder and fixing their mistakes.
Foundation is a completely separate issue that is currently being examined by engineers in your building, as well as a few others East of Spadina. There are large cracks, as the land which CityPlace was built on is still settling. It may become an issue in the near future for owners of these buildings.
cracked foundations from settling would be a serious issue for a 40s tower ... i don't know if something like that is repairable.
how does one jack up the condo to shore up the foundation to make sure it wouldn't settle more ?!?!?
Just out of curiosity, how do you know this? This is the first I'm hearing of this...The CBC didn't report of any foundations issues, I own a unit there, i go to every AGM and read the mintues of the board meetings and I haven't heard anything about foundation issues.
I heard it from Councillor Vaughan. I don't know for sure that your foundation is cracked, but all of the buildings East of Spadina used the exact same construction method, so he has said they will all run into the same problem eventually.