Billed as the tallest future residential tower in Canada, the 85-floor project known as The One in Toronto has been placed into receivership by court order, a symbol of the struggles faced in some commercial development in North America during the pandemic and subsequent higher interest rates.
Proposed Tallest Residential Tower in Canada at 85 Floors Goes Into Receivership
Court Appoints Alvarez & Marsal to Manage Half-Built Project After $1.6 Billion in Debt Outstanding
By Garry Marr
CoStar NewsOctober 24, 2023 | 10:00 P.M.
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