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Mizrahi To Renegotiate Presale Contracts For Ottawa Project In Restructuring

Summary by Storeys
Around nine months after filing for creditor protection, Mizrahi Development Group is now looking to renegotiate presale contracts with respect to its luxury condo development at 1451 Wellington Street West in Ottawa, also known The Residences at Island Park Drive.The 12-storey, 93-unit development coming up in Westboro, owned by WellingtonCo, was started back in 2015 and is now in the final stages of construction with just interior finishing an…
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Storeys broke the news in on Thursday, July 24, 2025.
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