1 Bloor East Resurrected by Great Gulf Home

Toronto Condo Market

Toronto Condo Assignments Commentary

With the slump of the economy in 2008 and in the fist quarter of 2009 many condos have been cancelled whose 1 Bloor East which was set to be the tallest residential tower. 1 Bloor East by Kazakh developer Bazis was along with Shangri-LA, Ritz-Carlton or Trump Tower the most sought condo representing the attractiveness and the dynamism of the city with its architecture and audacious design. Meanwhile Bazis backed by defunct Lehman Brother failed to get the necessary financial support and cancelled the construction leaving sumptuous 1 Bloor East  project dead. Fortunately renowned developer Great Gulf Homes purchased in July the 1 Bloor East project. Few information has been given about the resurrected project, future sizes, amenities… but Great Gulf Homes is well known in the condo market for developing landmarks as 18 Yorkville or Charlie Condominiums. Investing in condos requires knowledge of all the aspects of the market that’s why you can contact us and we will help you to get the best  information on the condo market, new projects or assignments.

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