Toronto developer publicly defends itself against resident suit

by Jill Gregorie03 Feb 2016
The Toronto-based developer Freed Developments Ltd. has spoken out against a $6.5 million lawsuit filed by residents of the Six50King building, saying the case is “without merit,” according to CBC News.
 
Although the developer advertised Munge Leung Design Associates in its brochures, it never retained the interior design firm during building construction.
 
Buyers believe they were deceived by the inaccurate promotional materials, and contend that the developer tried to “take advantage of, and associate Six50King with, Munge Leung’s world class reputation.” 
 
"When you find out the great designer was never hired it felt like a bait and switch," Aaron Crangle told CBC News.
 
Freed told the outlet that their claims are “without merit” since it never guaranteed Munge Leung’s involvement. In addition, it points out that residents all agreed to a provision that stated Freed could “change, vary or modify” the building’s aesthetics using its “sole discretion.”
 
Realtors hope this suit serves as a cautionary tale against buying property before buildings are fully completed.
 
“You wouldn't buy a pair of jeans in a store if you couldn't see them, touch them, try them on … so why would someone buy a pre-construction condo at half-a-million to a million dollars when it's the exact same situation?" David Fleming, Bosley Real Estate, told CBC News.

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