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1. • $1.6 billion dollar debt, and construction delays

     • Apple took its actions after the project fell into bankruptcy because of a massive $1.6 billion dollar debt, and construction delays, iPhone in Canada said on Friday. "The Project recently lost its anchor retail tenant, and no replacement anchor tenant has been secured," stated the court documents filed by lender KEB Hana Bank
     appleinsider.com/articles/23/10/20/apple-bails-out-of-troubled-toronto-retail-construction-project

     Apple bails out of troubled Toronto retail construction project

2. People also ask

   Why did Apple terminate its lease in Toronto's 'the one' development?

   • Apple has terminated its lease for retail space in Toronto’s troubled ‘The One’ development, according to newly filed court documents. The luxury condo and retail project, located at Yonge and Bloor Streets, was pushed into receivership due to construction delays and a debt of $1.6 billion.

   Apple Exits Toronto’s ‘The One’ Project Which is Now in Receivership

   www.iphoneincanada.ca/2023/10/20/apple-exits-torontos-the-one-project-which-is-now-in-receivership/

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   What happened to Apple's 'the one' development in Toronto?

   • The One under construction in July 2021 Apple has terminated its lease for retail space in Toronto's troubled 'The One' development, according to newly filed court documents. The luxury condo and retail project, located at Yonge and Bloor Streets, was pushed into receivership due to construction delays and a debt of $1.6 billion.

   Apple Exits Toronto’s ‘The One’ Project Which is Now in Receivership

   www.iphoneincanada.ca/2023/10/20/apple-exits-torontos-the-one-project-which-is-now-in-receivership/

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   Will Apple open a new retail location at the one in Toronto?

   • Apple will not be opening a new flagship retail location at The One in Toronto. Why? The massive hotel/condo/retail location doesn’t actually exist yet. The project ran out of time to uphold its contractual agreement with Apple to open on time. That’s a massive loss for the developers of the 85-story tall development in Toronto.

   Apple out as anchor retailer for The One after Toronto ... - 9to5Mac

   9to5mac.com/2023/10/20/apple-no-longer-the-one/

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   Will Apple be in Toronto in 2025?

   • That’s a massive loss for the developers of the 85-story tall development in Toronto. Despite planning to open by the end of last year, the mega construction still has another 45 floors to go. The project is now said to be aiming for March 2025. Apple won’t be present, if that happens, at least to start.

   Apple out as anchor retailer for The One after Toronto ... - 9to5Mac

   9to5mac.com/2023/10/20/apple-no-longer-the-one/

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3. 9to5mac.com › 2023/10/20 › apple-no-longer-the-oneApple out as anchor retailer for The One after Toronto ...

   9to5mac.com › 2023/10/20 › apple-no-longer-the-one

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   Oct 20, 2023 · Apple will not be opening a new flagship retail location at The One in Toronto. Why? The massive hotel/condo/retail location doesn’t actually exist yet. The project ran out of time to uphold...

4. www.theglobeandmail.com › business › article-appleApple ‘disappointed’ with Mizrahi as it sues to terminate ...

   www.theglobeandmail.com › business › article-apple

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   Mar 28, 2022 · N/A. is suing Sam Mizrahi’s company to terminate its lease at the developer’s long-planned 85-storey skyscraper in downtown Toronto, saying it is “disappointed” in the company and is owed...

5. appleinsider.com › articles › 23/10/20Apple bails out of troubled Toronto retail construction project

   appleinsider.com › articles › 23/10/20

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   Oct 20, 2023 · Apple has pulled itself out of a contentious deal with the developers of Toronto's "The One" retail project, leaving the site without an anchor tenant.

6. www.iphoneincanada.ca › 2023/10/20 › apple-exitsApple Exits Toronto’s ‘The One’ Project Which is Now in ...

   www.iphoneincanada.ca › 2023/10/20 › apple-exits

   • Cached

   Oct 20, 2023 · Apple has terminated its lease for retail space in Toronto’s troubled ‘The One’ development, according to newly filed court documents. The luxury condo and retail project, located at Yonge and Bloor Streets, was pushed into receivership due to construction delays and a debt of $1.6 billion.

7. financialpost.com › real-estate › the-one-torontoWhat's going on at The One, Toronto's troubled $2-billion ...

   financialpost.com › real-estate › the-one-toronto

   Feb 28, 2024 · In one of the earliest public signs that the project’s prospects were souring, Apple initiated a contract termination request with The One in 2020, citing construction delays. Apple’s withdrawal left more than 15,000 square feet vacant, including over 9,000 square feet of ground-floor retail space.

8. www.idropnews.com › news › apple-bails-out-ofApple Bails Out of Troubled Toronto ‘The One’ Retail ...

   www.idropnews.com › news › apple-bails-out-of

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   Oct 23, 2023 · In addition to the $6.9 million in damages, Apple was also seeking a court order to allow it to terminate its lease with no repercussions due to Mizrahi Developments’ missed deadlines.

9. www.iphoneincanada.ca › 2022/03/29 › appleApple ‘Disappointed’ With Mizrahi Developments, Sues to ...

   www.iphoneincanada.ca › 2022/03/29 › apple

   • Cached

   Mar 29, 2022 · Apple is suing Sam Mizrahi’s Toronto-based real estate company Mizrahi Developments and is terminating its lease for the long-planned condo in the city dubbed The One, according to The Globe and Mail.