Chinese developer Greenland makes its first purchase in Canada — a Toronto condo project
Greenland Holding Group Co., a Shanghai-based developer owned by the Chinese government, said it bought King Blue, a two-tower condominium project in Toronto, its first purchase in Canada.
Greenland Holding bought the planned development, which includes 44 and 48-story towers, from closely held Easton’s Group of Hotels Inc. and The Remington Group Inc. for at least $100 million, according to Easton’s Chief Executive Officer Steve Gupta.....
http://business.financialpost.com/20...g-group-china/
Demolition has started
Application: New Building Status: Not Started
Location: 355 KING ST W
TORONTO ON M5V 1J6
Ward 20: Trinity-Spadina
Application#: 14 236006 BLD 00 NB Accepted Date: Oct 22, 2014
Project: Mixed Use/Res w Non Res New Building
Description: Proposal to construct 2 towers (44 sty and 48 sty) consisting of a hotel in the north building, 913 condo units, theatre/museum on south/west corner, commercial on ground floor, 2 restaurant, and 7 levels of below grade parking. 335-355 King St W & 119 Blue Jays Way.
Application: Demolition Folder (DM) Status: Not Started
Location: 355 KING ST W
TORONTO ON M5V 1J6
Ward 20: Trinity-Spadina
Application#: 14 255161 DEM 00 DM Accepted Date: Nov 21, 2014
Project: Multiple Use/Non Residential Demolition
Description: To demolition the existing "Westinghouse building". The North and West elevations of the building will be retained as per Heritage Designation. See SPA 13 128023 STE 20 SA
Thanks to sMT @ UT for the pic