CURV, Set To Be World’s Tallest Passive House, Facing Receivership In Vancouver

AI Article Summary
CURV, a planned 60-storey building in Vancouver to be the tallest passive house in the world, is facing receivership due to insolvency issues. Initially proposed with a mix of market and social housing, financial difficulties have led to court proceedings initiated by a lender syndicate. Despite attempts to adjust project plans and sales strategies, including a guaranteed buyback program, the project failed to meet its presale targets. The future of this high-profile development remains uncertain as the Supreme Court reviews the receivership application.