GTA Pre-Con Watch

Toronto · Scarborough

Lawrence Towers (1088 Progress Ave)

Receivership

Fuller Landau reported appointed receiver of the planned high-rise condo site on Feb 19, 2026 on Caisse Desjardins Ontario's application, per the court order and application record.

Note: The lender's 2023 financing offer describes a planned 272-unit high-rise mixed-use condo with retail at grade, to be known as Ten88 Condos. The applicant's affidavit reports the borrower stopped interest payments around June 2025. No presales are reported in the filings reviewed.

Builder / developer
Lawrence Towers LP
Address
1088 Progress Ave
Neighbourhood
Scarborough
City
Toronto
Type
Condominium (proposed)
Units
272
Current reported status
Receivership
Status date
Feb 19, 2026
Deposits returned?
Not confirmed by our sources
Last verified
Oct 24, 2026

Status timeline

  1. Feb 19, 2026Receivership

    Fuller Landau reported appointed receiver and manager of the lands at 1088 Progress Ave. Source: [1], [2]

Sources

  1. Ontario Superior Court of Justice (via Fuller Landau, receiver) — Appointment Order, Feb 19, 2026 (PDF) · Feb 19, 2026
  2. Caisse Desjardins Ontario Credit Union (applicant, via Fuller Landau) — Application Record, Jan 26, 2026 (PDF) · Jan 26, 2026
  3. Fuller Landau (court-appointed receiver) — Lawrence Towers LP case page
This page summarizes what the cited sources reported; GTA Pre-Con Watch has not independently verified these events. Status may have changed since the last-verified date. This is not legal or financial advice — purchasers should speak with a real estate lawyer and check Tarion and the receiver's website. Spot an error? Request a correction.

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