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:
“But human experience is usually paradoxical, that means incongruous with the phrases of current talk or even current philosophy.”
—George Eliot [Mary Ann (or Marian)
“At all events, as she, Ulster, cannot have the status quo, nothing remains for her but complete union or the most extreme form of Home Rule; that is, separation from both England and Ireland.”
—George Bernard Shaw (1856–1950)
“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.”
—Henry David Thoreau (1817–1862)