HomeDiagramsDatabaseMapsForumSkyscraper Posters
     

Go Back   SkyscraperPage Forum > Regional Sections > Canada > Ontario > Toronto

Reply

 
Thread Tools Display Modes
     
     
  #1  
Old Posted Apr 15, 2015, 4:04 PM
The_Architect's Avatar
The_Architect The_Architect is offline
Registered User
 
Join Date: Oct 2010
Location: Toronto, ON
Posts: 3,387
Freed being sued by owners for "The Cheapening"™

Condo developer Freed slapped with $6.5-million lawsuit

Quote:
...the marketing materials for Six50 King... listed award-winning designer Munge Leung as part of the “dream team” that would create a “luxurious” new development “drenched in designer details”

But in a $6.5-million lawsuit against Freed, condo owners at 650 King St. W. and the attached building at 95 Bathurst St. allege that Munge Leung did not, in fact, design Six50 King.
Instead, the lawsuit alleges, the units and common areas “were built, designed and furnished without luxurious and high-end style finishes and furniture and in a materially different and inferior manner” than the developer had promised.

...

Critics say the case illustrates the lack of protection afforded to condo owners when developers' promises, made during pre-construction, fall through. The pre-construction phrase is often years ahead of the move-in date.

...

By not hiring Munge Leung, the lawsuit alleges, Freed and Tricon “saved the expense of retaining a high-end interior developer and delivered a lesser product.”

...

“Developers promise the moon at the pre-construction stage using glossy advertising campaigns . . . and they take your dollars based on those promises,” he said.
http://www.thestar.com/news/gta/2015...n-lawsuit.html

Looks like the dreaded cheapening that has plagued this city during this condo boom is finally biting a developer on the ass. And you know what, it's about time.
__________________
Hope is the quintessential human delusion, simultaneously the source of our greatest strength, and our greatest weakness.
Reply With Quote
     
     
End
 
 
Reply

Go Back   SkyscraperPage Forum > Regional Sections > Canada > Ontario > Toronto
Forum Jump


Thread Tools
Display Modes

Forum Jump


All times are GMT. The time now is 6:28 PM.

     

Powered by vBulletin® Version 3.8.7
Copyright ©2000 - 2017, vBulletin Solutions, Inc.