They were the flashy new entry in the Vancouver real estate world, amassing big chunks of pricey land, sponsoring exhibits by famous artists and recruiting a former longtime city councillor to head up operations. 

But despite the hype, the Coromandel Properties' planned developments were slow to come together, and by February 2023, the shiny facade had fallen. Local news reported that 82 Coromandel-connected companies had filed for creditor protection, citing an insurmountable $700 million in debt.