Jameson House developers win restart approval

Derrick Penner
Sun

Developers of the high-profile Jameson House condominium project in downtown Vancouver won court approval on Thursday for a plan to restructure and get construction back on track. However, B.C. Supreme Court Chief Justice Donald Brenner's decision came despite the objection of presale buyers in the 37-storey tower, who argued that they should have been given the right to change their minds about their purchases.

Jameson House developers sought court bankruptcy protection last November when a major lender pulled out from its consortium of financiers. The tower was designed by world-famous architect Norman Foster, and attracted some high-profile attention until the financing fell through.

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