[DevDudeToronto]

There was that article a couple month ago about how the site in receivership wasn't worth the asking price of $1.2B - and there weren't any buyers coming forward at that price. Has anyone heard anything on the street? I'd be interested in other projects that had their receivers finish a project.

If anyone has the motivation there's some back of the napkin math you could do to find out a ballpark sale price that'd make it work. Most of the info would be in the KSV reports. Just take the total projected income from the project, take off the cost to complete (including soft costs, carrying costs, etc...), add in a very large contingency/safety/profit margin, and then you'll have what the project should realistically sell for. I'm betting it's far below a billion though.

 

[BloorMan]

From today. They are pouring the columns and I confirmed that the finished slab is level 64.