MisterF
Senior Member
"Toronto icon" ?
Never change, Harry.
Never change, Harry.
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- Thread starter androiduk
- Start date
AlvinofDiaspar
Moderator
"....the Condo King of Canada, and often compared to another celebrated developer-turned-president, Donald Trump."
Who writes marketing material like that? Stinson 2024
AoD
I think Harry might have written it
MisterF
Senior Member
Oh god I didn't read that far. ? Only Harry could possibly write something so clueless."....the Condo King of Canada, and often compared to another celebrated developer-turned-president, Donald Trump."
Who writes marketing material like that? Stinson 2024
AoD
Johnny Au
Senior Member
Harry Stinson could try running for mayor of Buffalo, NY, since it would allow him to have a better chance of achieving higher ambitions."....the Condo King of Canada, and often compared to another celebrated developer-turned-president, Donald Trump."
Who writes marketing material like that? Stinson 2024
AoD
.dwg
Active Member
Or he could do everyone a favour and stay the hell away from politics.
Ontario Securities Commission hits developer Harry Stinson with a cease trade order
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www.theglobeandmail.com
Ontario’s securities regulator has slapped Harry Stinson, the prominent Toronto real estate developer, with a cease trade order, alleging that companies under his control may have made misleading statements about investments in a Buffalo hotel.
The Ontario Securities Commission announced Tuesday that it was forbidding Mr. Stinson and four companies from trading or promoting any securities connected to the Buffalo Grand Hotel.
Mr. Stinson, who has developed several high-profile condominium buildings in downtown Toronto, such as Queen Street West’s Candy Factory Lofts and the 51-story One King West Hotel and Residence, did not respond to a message left with a receptionist at his Hamilton office or an e-mail as of Tuesday afternoon. In promotional material, Mr. Stinson has referred to himself as the “Condo King of Canada” and has compared the arc of his business career to “celebrated developer-turned-president, Donald Trump.”
The OSC’s temporary order states that the commission issued the directive expeditiously, and without holding a hearing, because the time required could be “prejudicial to the public interest.”
The temporary order, signed by the OSC’s vice-chairman Grant Vingoe, does not specify how Mr. Stinson or his companies may have allegedly misled investors.
“Staff are conducting an investigation into” the promotion and trading of the shares, the order states. The order also alleges that Mr. Stinson and the companies involved – including Buffalo Grand Hotel Inc., Stinson Hospitality Management Inc. and Restoration Funding Corp. – never registered with the OSC to sell securities to Ontario investors.
Mr. Stinson’s 2018 purchase of the 484-room hotel has been met with much fanfare in Buffalo, the closest major American city to Toronto and which has been undergoing something of an urban revival in recent years – attracting many creative professionals priced out the real estate market in New York and in Southern Ontario.
In December, the Buffalo Grand issued a news release touting itself as a “massive new live music and event venue ... that will give Canadian artists a much-needed boost and way into the lucrative and hard-to-reach U.S. market." The hotel held “an exclusive” New Year’s Eve concert featuring the Canadian rock band Glass Tiger, which achieved its the bulk of its commercial success in the 1980s.
In 2007, Mr. Stinson was effectively removed by court order from his role in the One King Street West project after a long-running commercial dispute with another investor, theatre impresario David Mirvish. Four companies connected to Mr. Stinson involved in the project were placed under the control of a trustee and receiver after Mr. Stinson was unable to settle a $10.4-million debt with Mirvish companies.
Mr. Stinson was also the founder of the Mad Hatter’s Tea Party, an anything-goes Toronto venue used for children’s birthday parties, famous for its food and pillow fights.
Ontario Securities Commission hits developer Harry Stinson with a cease trade order
The OSC announced Tuesday that it was forbidding Mr. Stinson and four companies from trading or promoting any securities connected to the Buffalo Grand Hotel
www.theglobeandmail.com
Ontario’s securities regulator has slapped Harry Stinson, the prominent Toronto real estate developer, with a cease trade order, alleging that companies under his control may have made misleading statements about investments in a Buffalo hotel.
The Ontario Securities Commission announced Tuesday that it was forbidding Mr. Stinson and four companies from trading or promoting any securities connected to the Buffalo Grand Hotel.
Mr. Stinson, who has developed several high-profile condominium buildings in downtown Toronto, such as Queen Street West’s Candy Factory Lofts and the 51-story One King West Hotel and Residence, did not respond to a message left with a receptionist at his Hamilton office or an e-mail as of Tuesday afternoon. In promotional material, Mr. Stinson has referred to himself as the “Condo King of Canada” and has compared the arc of his business career to “celebrated developer-turned-president, Donald Trump.”
The OSC’s temporary order states that the commission issued the directive expeditiously, and without holding a hearing, because the time required could be “prejudicial to the public interest.”
The temporary order, signed by the OSC’s vice-chairman Grant Vingoe, does not specify how Mr. Stinson or his companies may have allegedly misled investors.
“Staff are conducting an investigation into” the promotion and trading of the shares, the order states. The order also alleges that Mr. Stinson and the companies involved – including Buffalo Grand Hotel Inc., Stinson Hospitality Management Inc. and Restoration Funding Corp. – never registered with the OSC to sell securities to Ontario investors.
Mr. Stinson’s 2018 purchase of the 484-room hotel has been met with much fanfare in Buffalo, the closest major American city to Toronto and which has been undergoing something of an urban revival in recent years – attracting many creative professionals priced out the real estate market in New York and in Southern Ontario.
In December, the Buffalo Grand issued a news release touting itself as a “massive new live music and event venue ... that will give Canadian artists a much-needed boost and way into the lucrative and hard-to-reach U.S. market." The hotel held “an exclusive” New Year’s Eve concert featuring the Canadian rock band Glass Tiger, which achieved its the bulk of its commercial success in the 1980s.
In 2007, Mr. Stinson was effectively removed by court order from his role in the One King Street West project after a long-running commercial dispute with another investor, theatre impresario David Mirvish. Four companies connected to Mr. Stinson involved in the project were placed under the control of a trustee and receiver after Mr. Stinson was unable to settle a $10.4-million debt with Mirvish companies.
Mr. Stinson was also the founder of the Mad Hatter’s Tea Party, an anything-goes Toronto venue used for children’s birthday parties, famous for its food and pillow fights.
AlbertC
Superstar
Developer plans to convert half of Buffalo Grand to apartments
Published May 27, 2020
The Buffalo Grand Hotel is planning to reopen to guests on July 1, possibly sooner, but its owner is also planning to convert half of the hotel's rooms into small studio apartments.
Canadian investor Harry Stinson has decided that it's simply too big for the market in its current form. Having it shut down for the last two months only reinforced that idea.
With 486 rooms, 72,000 square feet of meeting space and a 600-seat restaurant, it's significantly larger than its nearest competitor, and difficult to fill. And its location slightly off the central core and separated by Church Street and the I-190 make it less desirable for visitors or business groups that don't need its scale and want to be closer to entertainment and restaurants.
"This place is enormous, and given what’s been going on recently, it isn’t just the virus," Stinson said. "It’s generally learning more about the Buffalo market and its ebbs and flows."
So he plans to turn about half of the rooms, on the upper floors, into about 200 small studio or one-bedroom residential apartments for individuals or couples, leaving the lower three levels as the hotel. That will still leave him with "more hotel rooms than most hotels in the region," he said.
buffalonews.com
Published May 27, 2020
The Buffalo Grand Hotel is planning to reopen to guests on July 1, possibly sooner, but its owner is also planning to convert half of the hotel's rooms into small studio apartments.
Canadian investor Harry Stinson has decided that it's simply too big for the market in its current form. Having it shut down for the last two months only reinforced that idea.
With 486 rooms, 72,000 square feet of meeting space and a 600-seat restaurant, it's significantly larger than its nearest competitor, and difficult to fill. And its location slightly off the central core and separated by Church Street and the I-190 make it less desirable for visitors or business groups that don't need its scale and want to be closer to entertainment and restaurants.
"This place is enormous, and given what’s been going on recently, it isn’t just the virus," Stinson said. "It’s generally learning more about the Buffalo market and its ebbs and flows."
So he plans to turn about half of the rooms, on the upper floors, into about 200 small studio or one-bedroom residential apartments for individuals or couples, leaving the lower three levels as the hotel. That will still leave him with "more hotel rooms than most hotels in the region," he said.
Developer plans to convert half of Buffalo Grand to apartments
The Buffalo Grand Hotel is planning to reopen to guests on July 1, possibly sooner, but its owner is also planning to convert half of the hotel’s rooms into small
3Dementia
Senior Member
Even the most dedicated members of The Brutalist Love Society can't un-see the pic of this rather horrific blight of a building.
Location-challenged + sheer ugliness + OSC investigation + Harry's lobotomy..... I'm in for a 100 units, assuming there's central heating ;-)
Location-challenged + sheer ugliness + OSC investigation + Harry's lobotomy..... I'm in for a 100 units, assuming there's central heating ;-)
44 North
Senior Member
-He's not dead!
-No, but his career is.
-No, but his career is.
syn
Senior Member
"....the Condo King of Canada, and often compared to another celebrated developer-turned-president, Donald Trump."
Who writes marketing material like that? Stinson 2024
AoD
"it is about time we had a showcase opportunity for Canadian talent to gain critical exposure to American audiences in a large-scale venue where they can build new fans and careers south of the border," says Stinson. "We are thrilled to launch with GLASS TIGER and plan to introduce many iconic artists to the USA in this game-changing entertainment industry move that will eventually embrace TV and broadcast streaming partnerships."
Does he really think he's helping Glass Tiger break into the US market?
Maybe Anne Murray and Bryan Adams are next.
All kidding aside, I appreciate that Stinson has big dreams. Too bad implementation is such an issue.
AlbertC
Superstar
Vintage Stinson in his prime:
syn
Senior Member
Definitely agree with his overall point.
AlbertC
Superstar
Article from earlier this year in January about the ongoing saga at the Cannon Knitting Mills property in Hamilton that Stinson owns:
Northern Light
Superstar
I don't know why he keeps doing this............
At any rate, this is the proposal being discussed in the article: