- Start
- Oct 16, 202390% CONFIDENCEfrom the source
The One Placed Into Receivership in Toronto
- The One, an 85-storey tower at Yonge and Bloor in Toronto, was taken over by a court-appointed receiver in October 2023 after financiers defaulted on more than $1.2 billion in loans[2][3]
- About $1.6 billion in debts were unpaid and costs had ballooned to more than $2 billion; the main lender was a division of KEB Hana Bank[3]
- Developer Sam Mizrahi bought the land for $300 million in 2014, with groundbreaking in 2017 and hotel and condos planned by 2022 at the latest[2][3]
- The lender filing cited delays, cost overruns and infighting between Mizrahi and investor Jenny Coco[3]
- A planned Apple Store flagship fell apart in 2021 and Apple sued in March 2022 to end its lease[2][3]
- The tower, designed by Foster and Partners, is topped out with estimated completion in 2028, and Tridel joined as developer in May 2025[2]
References 484% CONFIDENCE
The first entry is always the pin's source. Overall confidence is a weighted average of how firmly each reference supports the start and end times used above; a reference counts half as much for every 180 days older than the newest.
- [1]90%youtube.com/watch?v=Gnnr7N9V0gwyoutube.com· Posted Sep 14, 2026· Starts Oct 16, 2023 ✓· 59% of score
Happened as dated, per the source: the tower "was taken over by a court-appointed receiver" in "October 2023" after "financiers defaulted on more than $1.2 billion in loans."
- [2]74%One Bloor West – Wikipediaen.wikipedia.org· Published Jun 1, 2026· 39% of score
Wikipedia states "In October 2023 ... the condo was put into receivership by the lenders" after Mizrahi Developments defaulted on roughly $1.23 billion in debt, matching the pin's stored date and description exactly.
- [3]90%Iconic Toronto condo project placed into receivership due to $1.6B in unpaid debt – CBC Newscbc.ca· Published Oct 16, 2023· 1% of score
CBC News' own title and October 16, 2023 publish date - "Iconic Toronto condo project placed into receivership due to $1.6B in unpaid debt" - match the pin's stored date exactly as same-day reporting, though the page itself returned a 403 error and could not be verified directly.
- [4]50%This City is the Next New York – The B1Myoutube.com· Published May 18, 2022· 0% of score
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