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Friday, July 25, 2008

Breaking news: Twisted Sisters development

Posted By on Fri, Jul 25, 2008 at 2:50 PM

Today the court of appeals ruled against United Gulf Development in a case that centers around the proposed Twisted Sisters development in downtown Halifax.

In order to move forward with construction of the buildings, United Gulf needed to acquire four lots owned by Pinnacle Developments. The two firms had reached "an agreement to agree" on November 12, 2002, but the firms could not subsequently come to final agreement of terms. United Gulf claimed that the 2002 agreement bound Pinnacle to sell the property. Pinnacle held out, and by the trial judge and the court of appeals has agreed with Pinnacle.

Nadir Saberi, president of United Gulf, has not immediately returned a phone call asking for comment, and I've been unable to reach Esam Iskandar of Pinnacle.

I'll have more as information is received.

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