Quote:
Originally Posted by e-clam9
Correct me if I am wrong. I read one comment from another web site saying that the landlord lost the lawsuit. I can't find it again this morning.... Anyone has the official update ? Thanks :-)
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The Mall (or Ivanhoe Cambridge, for that matter) is not the Landlord.
The land that Concord Pacific is building this project on is owned by them, i.e Concord Pacific ( and formerly by Sears) and not IvanHoe Cambridge.
The dispute is not over the land itself, but rather, 'right of way' and easement issues to do with access to the mall from Kingsway and also with IC/Metropolis believing they should have a say in how the design will be carried out so as not to harm their business interests.
That whole site has a complicated history in terms of ownership, mergers, grandfathered ownership clauses and rights, so it's no surprise that the case has ended up in court.'
It wouldn't surprise me if indeed it did turn out that the mall had lost the lawsuit.
Their claims were a bit far-fetched IMHO.
It would be like you coming to a gentleman's or handshake agreement with you neighbor for access to a park nearby via a path that traverses his land, and then years later after he's sold his house and the new owner passed on ownership to his son who then decides to build and extension that cuts off your access path; and you then decide to sue him - who had nothing to do with the original agreement you made with the previous-to-previous owner and your original neighbor.