Current Status of Site
In December 2007 the site was bought by a partnership of Israel Land Development Company and Skyline International Development Inc. (the Canadian division of Mishorim) from the property's receiver for C$24.1 million. The partners announced plans to build a 55-storey office, hotel, and residential skyscraper on the site for an estimated C$138 million. A 54-storey design by Page+Steele architects was later revealed.
By 2011, after several designs had been released, no construction had begun. In December 2011 Mishorim sold the undeveloped lot to CentreCourt Developments for C$39 million. CentreCourt, in partnership with Lifetime, is now marketing a new development on the lot as INDX Condos.
Read more about this topic: Sapphire Tower
Famous quotes containing the words current, status and/or site:
“We all participate in weaving the social fabric; we should therefore all participate in patching the fabric when it develops holes—mismatches between old expectations and current realities.”
—Anne C. Weisberg (20th century)
“The influx of women into paid work and her increased power raise a woman’s aspirations and hopes for equal treatment at home. Her lower wage and status at work and the threat of divorce reduce what she presses for and actually expects.”
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“I am not aware that any man has ever built on the spot which I occupy. Deliver me from a city built on the site of a more ancient city, whose materials are ruins, whose gardens cemeteries. The soil is blanched and accursed there, and before that becomes necessary the earth itself will be destroyed.”
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