Socrates once said ”All I know is that I know nothing.”… and with the latest media reports on the fate of 1 Bloor, the same can be said.  I’m sure by now you’re all aware of the drama surrounding the development of the tower, but just in case your not you can read up on it here.

I nearly fell of my chair when I heard Chris Eby from the CTV News Hour at 6 report that “a last second deal was reached and that eventually 1 Bloor East will rise out of this ruble.”  Apparently a deal was reached and a 3rd party has come on board and to help repay the land loan.  You can view the clip here http://watch.ctv.ca/news/clip204856#clip204856.

Fast forward to 7:21 pm and we have an article published by The Toronto Star’s Tony Wong where a statement is given from Bazis International stating: “A well established Toronto developer has entered into a binding agreement with Bazis International for the One Bloor property with closing in mid-September.”  Of course the new partner isn’t mentioned nore is an actual date in September given for when more information will be known.  Bazis puts it like this ” Due to the confidentiality agreement we cannot comment at this time” .

The latest from the press (as of 10:27pm)  is The National Posts Giuseppe Valiante article titled “Work on One Bloor to continue after loan deal”  What isn’t known is if the original plans the buyers bought into back in 07 will ever emerge?

Although, the one thing I do know for sure is… someone forgot to pay the rent at the 1 Bloor Sales Centre!!
 

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