2359 Danforth looking toward Danforth in August 2018
At top, construction as seen in August. Below depictions of On the Danforth.
The Star says that the condominium project at 2359 Danforth Ave. at Morton Rd. (east of Woodbine) has been cancelled by the owner, DIAM Danforth Property Inc., because a lender “called in a construction loan.” It is apparently the latest in a series of residential construction cancellations. Online promotional material indicates that the condo, known as On the Danforth, was supposed to open in 2017. This would mean that buyers of the units will have had their money tied up for years. They received letters this week telling them the sold-out 135-unit, 10-storey development was being terminated “due to unforeseen circumstances outside of DIAM’s control.” It is said that refunds will be returned.
