Wednesday, 23 October 2013

Yul Condos in Montreal | Ly’s company acquired for $28 million in 2011

Yul Condos in Montreal

Yul Condos in Montreal

The project, by Montreal businessman Kheng Ly – and backed by Asian investors – would include green space in the back of the site near Overdale Ave. – with long-term plans to fully restore the deteriorating mansion. The city has received a request to demolish an existing restaurant on the vast site, which Ly’s company acquired for $28 million in 2011, but no permit has been issued for the final project, a spokesperson for Montreal’s Ville Marie borough tells me.

Read More in the Gazette

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