42 Million Dollar Acquisition Financing at 90 Harbour Street, Toronto
Overview
Real Estate Group partners Leor Margulies and Peggy Spadafora and senior law clerk, Carol Duran, represented the lead syndicator, the Bank of Montreal, and the Royal Bank of Canada in providing acquisition financing for the latest exciting project being proposed by Menkes Development at 90 Harbour Street/1 York Street, Toronto. The current zoning application calls for a mixed use development comprising two 70- storey residential towers and a 31-storey office tower for a total of 1,426 new residential units. This site previously housed the historic Workmen's Compensation Board building and recently occupied by the Ontario Provincial Police. The project is a joint venture between Hospitals of Ontario Pension Fund and Menkes Development.
Lawyers
Representative Work
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| Litigation and Dispute Resolution
Defeated Injunction to Tie Up Client Assets and Received Elevated Costs Award
MFC v Mady Collier, 2016 ONSC 4182 (CanLII) – Clients were awarded their costs on a substantial indemnity scale when they defeated a Mareva injunction which tried to tie up their assets... -
| Litigation and Dispute Resolution
Certified a Class Action
Rebuck v. Ford Motor Company, 2018 ONSC 7405 (CanLII) – Obtained a judgment certifying a proposed class action against Ford Motor Company and Ford Motor company of Canada on behalf of i... -
| Litigation and Dispute Resolution
Overturned Lower Court Decision at Ontario Court of Appeal
Birchcliffe Core-Harbour Inc. v. Pinnock, 2019 ONCA 417 – Succeeded at the Ontario Court of Appeal in obtaining damages for breach of contract when a purchase of land could not be completed,...