Gentra chief unveils $175-million Toronto complex

Article Abstract:

Gentra Inc., a Toronto, Canada-based company, plans to set up a C$175-million complex in downtown Toronto, Canada, that will house retail stores, movie theaters and condominiums. The 575,000-sq-ft complex will be built at the back of the facade of what used to be the University Theatre. The development will feature a nine-screen movie theater to be operated by Famous Players Inc., 70,000 sq ft of high-end retail space, and a 26-floor upscale condominium tower. Gentra will shoulder 60% of the C$175-million cost of the project. It will construct the parking garage, retail shops and cinema complex.

Comment:

Plans to set up C$175-mil complex in downtown Toronto, Canada, that will house retail stores, movie theaters and condominiums

Gentra Inc.

---

Livent abandons theatre project

Article Abstract:

Livent Inc. has abandoned its theatre project in downtown Toronto, Ontario, and has reached an agreement to divest the land for the project as well as its 18% equity interest in the developer of the hotel and condominium portion of the project. The project involved the construction of the Pantages Place in a complex, which will have a four-star hotel and 198 luxury condominium units. According to real estate sources, all the units in the condominium were sold out as buyers were lured by the complimentary memberships in the Pantages Tower Theatre Club.

Comment:

Abandons theatre project in downtown Toronto, Ontario, & has reached an agreement to divest the land for the project

Livent Inc.

---

Similar abstracts:

• Abstracts: Cadillac shares drop 10% after financing plan unveiled. Dundee to let buyers back out of condos
• Abstracts: Cami plant wins key role in GM small-car program. Magna wins $700 million in contracts
• Abstracts: ATB takes writedown on mall loans; Alberta bank anticipates loses from financing guarantees to Ghermezians' West Edmonton Mall. part 2
• Abstracts: TransCanada flies in face of debt wisdom. Aeroplan underwriters seek larger IPO. Market slump delays BC Gas equity offering
• Abstracts: Fraud probe faults former Cendant execs. Life insurance policy buyouts 'rife with fraud'. Information brokers put on brakes

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.