UPDATED: Artscape-owned properties to be part of receivership; managed properties to stay

New non-profit ArtHubs Toronto will assume current management contracts

Why It Matters

Almost 400 tenants have been waiting for updates since the receivership was announced in September. This is the first time tentative plans for various properties have been shared in detail.

Artscape stakeholders now have their first real idea of what the future of the non-profit developer will look like as it enters receivership.

Chief Operating Officer Kelly Rintoul wrote in her latest letter to the community that Artscape-owned units would be included in the receivership, giving the new owner the legal ability to sell them, but the properties Artscape manages would be excluded.

Further details would be shared once a court date is set to finalize the receivership, she added.

Rintoul specified four of Artscape’s 14 properties that would be included: Daniels Launchpad, Triangle Lofts, Youngplace, and Artscape Lofts @ 210 Simcoe. This aligns with

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