It was announced late yesterday that Tridel has been selected by receiver Alvarez & Marsal as the new development manager, construction manager, and general contractor for The One. The project has faced financial hurdles of late, with Alvarez & Marsal having been engaged by Mizrahi Developments to find a solution. Tridel’s role is set to begin following court approval and the finalization of agreements, anticipated in early 2025. Until that time, Skygrid, who took over as General Contractor on March 13, will continue to oversee construction of the tower.
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