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Investors to acquire stalled four-tower condo project in Kitchener, Ontario

Dorr Capital, ELM Developments, Gentai Capital agrees to pay $75 million for partially completed Elevate complex
Construction on Elevate, a proposed four-tower residential project in Kitchener, Ontario, is expected to resume after a group of investors purchased the distressed project. (ABA Architects)
Construction on Elevate, a proposed four-tower residential project in Kitchener, Ontario, is expected to resume after a group of investors purchased the distressed project. (ABA Architects)
CoStar News
October 11, 2024 | 6:59 P.M.

Construction on a 622-unit condo project in Kitchener, Ontario, halted midway through due to insolvency issues and is set to be acquired by a group that plans to restart the project.

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