“It Ain’t Over Til It’s Over,” Lenny Kravitz once sang. That's the case for Royal LePage Commercial’s Neil Warshafsky. (Few people realize that Lenny Kravitz was singing about real estate.) He thought he had a deal done for Toronto’s iconic El Mocambo on Spadina—that would have kept it a music club—but in the end the buyer couldn’t firm up the financing. List price is $3.95M and “all options are open” in terms of redevelopment are on the table, Neil tells us—11k SF of space, plus a third floor open deck. Additional density is permitted under the zoning of the property, opening the door to a gym, boutique hotel, restaurant, even student residences (close to U of T).
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