- Apr 25, 2007
- Reaction score
My info came from construction news and don't have the link to it, but this is what I found under 2 minute search to show its not miss leading.This information is not correct and misleading and I hope not in purpose. Hazelton Development Corporation remains the builder to complete the project. Nothing to do with the HDC construction company in London. HDC is most likely abbreviation from Hazelton Development Corporation and used to avoid the searching results that Hazelton filed for insolvency and CCAA protection in April 2022 and screwed up pre-sale purchasers. As of January 2023, deposits still have not been refunded after almost 5 years of waiting.
Highlight Condos, Lofts & Towns is located in South Mississauga. This project has a great walkscore of 81/100 and has close access to Highway 403,401,427 and the QEW for transportation access. Dixie GO Station is a 7-minute drive away for GO train access. Square One Shopping Centre is minutes away for great shopping and outdoor events at the square. Sheridan College is a 9-minute drive and University of Toronto Mississauga Campus is a 15-minute drive for staff and students attending these institutions. Nearby parks and greenspaces include Dixie Woods Park, Golden Orchard Park and Jaycee Park.
HDC Development Corporation is a London based developer specializing in real-estate development and sales in London, Middlesex county and the surrounding areas. HDC uses their knowledge, skills and expertise to create affordable homes and influence the landscape of Southern Ontario’s finest communities. They seek to bring affordable housing that is built to last throughout the generations and help create memories for the families living in them.
The bond holders have a number of options when a company becomes insolvency or bankruptcy to finished the project. In some cases, the company continue to build the project under supervision, hires another contractor or sold to someone else. The owner of said company is on the hock for cost over ride to complete the project. The bond holder tries to get someone to finished the project as cheap as possible without loosing money from the bond to the point the said company does finished the project that will most likely have a late date than plan for.