Toronto Life Square is no more,
as signage removed
The building was placed in court-ordered receivership this spring after its owners, a subsidiary of PenEquity, could no longer finance their $280-million in debt. At the same time Toronto Life magazine's parent company, St. Joseph Communications, was locked in a court battle to have the magazine's name removed from the project. That process now looks complete.
βSt. Joseph Communications was successful in winning the arbitration with PenEquity, so our name is no longer associated with that space,β St. Joseph's spokeswoman Marta Sinyard said in an e-mail yesterday.
Toronto Life logos on billboards, doors and elevators have disappeared, replaced in some cases by large black rectangles that resemble the redaction boxes that hide sensitive information on government documents.
Building staff who used to wear Toronto Life logo shirts are now wearing plain grey shirts, according to a clerk who works in the complex, and video screens now flash a purple 10 Dundas logo. Only the website, www.torontolifesquare.com β and signs in the TTC's Dundas subway station β continue to boast the stylish red Toronto Life logo.
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