nekz
Active Member
Some of the south east units have changed slightly.
- Thread starter AlbertC
- Start date
Stefan
Active Member
Stefan
Active Member
Vendor has switched lawyers, from Goldman Sloan Nash & Haber to Aird & Berlis. This can't possibly be good news.
How does that matter?
Stefan
Active Member
Why would the developer switch law firms while they're in the process of getting their building permits, especially from a top-rated firm? The firm didn't declare bankruptcy or dissolve.
Unless they need a firm specializing in areas that they didn't initially consider when engaging the first one, i.e. litigation, insolvency, or perhaps the developer wants to make changes to the project after it was approved, i.e. change materials due to the recent price increases in material costs.
I honestly don't see any other reason to switch.
Perhaps members who have more experience in preconstruction projects could chime in?
Unless they need a firm specializing in areas that they didn't initially consider when engaging the first one, i.e. litigation, insolvency, or perhaps the developer wants to make changes to the project after it was approved, i.e. change materials due to the recent price increases in material costs.
I honestly don't see any other reason to switch.
Perhaps members who have more experience in preconstruction projects could chime in?
Rapparee
New Member
It could be as simple as the partner moving from one firm to the other and his client following her/him; it could be that a conflict developed or was discovered unexpectedly and the client had to move on. I wouldn't necessarily read too much into it.
Stefan
Active Member
The partner addressed is different between the letters. In any case, I hope I'll be proven wrong but given the constant delays and silence, I'm betting that this project won't go ahead in its current form.
bilked
Senior Member
But why jump to drastic conclusions like that when it could be something as simple as embezzlement of trust funds?
P.S. This is a joke. I don't actually think Goldman Sloan was embezzling trust funds. Don't libel suit me!
neuhaus
Senior Member
Harhay used Goldman Sloan Nash for their previous development, 111 Bathurst, which was a disaster.
They messed up on the closing figures for many of the purchasers, and there were issues with the poorly written condo docs. The residents has been very mad at the developer and their lawyer. Other than that I don't know what else would lead to their replacement.
They messed up on the closing figures for many of the purchasers, and there were issues with the poorly written condo docs. The residents has been very mad at the developer and their lawyer. Other than that I don't know what else would lead to their replacement.
harry_fine
New Member
I read somewhere, and I don't remember where, that the project was canceled or bankrupt. Hearing that. and seeing this post, it's got me wonderng. Anyone hear anything new?
DSC
Superstar
Attachments
PMT
Senior Member
New documents were posted on the Dev App site as recently as May 18. Unless something happened in the meantime between then and your post, I think this project is fine.
Stefan
Active Member
Allandale25
Senior Member
^ where did you get that information?
Stefan
Active Member
http://app.toronto.ca/ApplicationStatus
Then type "75 The Esplanade" in the address field. You can use this site to find out the status of building permits for any project in Toronto.
Then type "75 The Esplanade" in the address field. You can use this site to find out the status of building permits for any project in Toronto.
