Court Order Finalizes Tridel’s Takeover of The One

Court Dismisses $1.4B Bid From Mysterious Entity To Buy The One

Several months have now passed since the official sales and investment solicitation process (SISP) for The One concluded and Tridel has already been chosen to complete the troubled project, but that did not stop a mysterious entity from recently submitting a bid to buy the project that was started by Mizrahi Developments. The sales process for The One — the 85-storey mixed-use tower set for 1 Bloor Street West — was launched in June 2024 and con…

Court Order Finalizes Tridel’s Takeover of The One

On Tuesday, April 22, the Ontario Superior Court formally approved the full suite of agreements that hands control of The One to Tridel. The court order is immediately effective, so Tridel has now taken over from interim contractor SKYGRiD as project-, construction-, and sales-manager, and will steer the tower to its newly confirmed early-2028 completion. Meanwhile, construction continues on the 85-storey supertall designed by Foster + Partners …