The Globe and Mail reports in its Friday edition that The One, a luxury condo development in Toronto co-owned by real estate developer Sam Mizrahi and road-paving magnate Jenny Coco, is in receivership after its senior lender asked an Ontario judge to put a third party in control of the project. The Globe's Tim Kiladze and Rachelle Younglai write that under development since 2015 at the corner of Yonge and Bloor streets, The One was marketed as Canada's tallest condo building, with 85 storeys of condos, hotel and retail. However, the project is years behind schedule, owes $1.6-billion to its lenders and faces a growing number of lawsuits. In its receivership application, KEB Hana Bank, a commercial bank based in South Korea, said The One's senior lenders were not prepared to advance more money without the appointment of an outside group to manage the project and oversee its development. In early 2022, Apple sued Mr. Mizrahi because of the project's delays. Apple was supposed to be the retailer in The One's ground floor. KEB alleges in its receivership application that The One recently lost its anchor retail tenant, without naming Apple, and added that, to date, no other tenant has leased the space.