En bloc deal falls through

Development charge (DC) higher than expected  
 
The $162.8 million collective sale of Makeway View in the Newton area to an associate of Bravo Building Construction has been rescinded. 
 
The $162.8 million deal for Makeway View announced in early November last year, reflected a unit land price of about $1,583 psf ppr including an estimated $21.5 million DC at the time.