News

Another One? Mizrahi’s second Yorkville condo project now in receivership

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128 Hazelton condo

A receivership order granted last Tuesday, June 4, has appointed KSV Advisory as the receiver and manager over the property at 126–128 Hazelton Avenue in Toronto. The order effectively allows KSV to exercise control over the property moving forward.

Constantine Enterprises Inc. (CEI), which has a 50 per cent stake in the condo project at 128 Hazelton Ave., first made a plea for receivership back in February, with court documents showing that CEI filed for KSV to manage and possibly sell the project to recover debts, identifying Sam Mizrahi as the principal of both Mizrahi 128 Hazelton Inc. and Mizrahi 128 Hazelton Retail Inc.

Troubled condo project The One looking for $1.2-billion sale – or else lenders won’t unload it

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The One

The receiver for The One condo tower is seeking to sell Sam Mizrahi’s unfinished skyscraper, saying creditors won’t accept anything less than $1.2-billion for the troubled project.

The One’s lenders are owed $1.5-billion after Mr. Mizrahi and the tower’s co-owner, road-paving magnate Jenny Coco, defaulted on loan payments during the construction of the luxury condo and hotel tower in downtown Toronto.

Say bye to Starbucks

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Starbucks Demolition

Starbucks on Yonge is demolished to make way for new building.

Europe’s urban advantage leaves us in the shade

Gardiner Expressway at downtown Toronto

Every time I come home from a trip to Europe, I feel a little ashamed. Ashamed and perplexed. Why is everything so much better over there? The parks, the public transit, the highways, the squares, the museums – even the garbage bins are better than ours.

Arriving in Toronto, where I live, feels like crossing into the East Bloc from the West during the Cold War. Everything looks so shabby. The main route into downtown from the airport is in scandalous shape. Rusting guardrails. Garbage and weeds on the shoulders. Potholes and bumps. The inbound drive along the Gardiner Expressway is like a ride on a decrepit roller coaster…

Dog Off-Leash Areas – have your say

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Dogs playing off-leash

Toronto’s Dog Off-Leash Areas (OLAs) play a vital role in our community. They’re not just spaces for our furry friends to frolic; they’re hubs of social interaction, exercise, and shared experiences. However, they can also create noise disturbances and impact the park experience for other users. 

The city of Toronto is conducting a review of Dog Off-Leash areas to try and better balance these impacts, and your input is important.

1134-1140 Yonge Street – Proposed Development Re-Submission

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1140 Yonge rendering

At the ABCRA & Community Planning meeting on February 26, 2024, and again at our meeting on April 02, 2024, it was revealed that the developer for 1134-1140 Yonge Street has approached community planning with a request for an additional 3 floors, and is planning to submit a proposal through the Committee of Adjustment.

A 3-floor addition constitutes a 33% height increase and we believe should not be considered minor. We believe that the developer is manipulating the planning system to get around the LPAT settlement and increase the height of the project in a way that protects them from further appeal.