The Vancouver Sun reports in its Thursday edition that on the corner of Burrard and West Pender streets, inside a splashy ground-floor sales centre sits a large model of what was poised to be the tallest residential condo tower in the city, at 60 storeys. The Sun's Joanne Lee-Young writes, however, that court documents filed in B.C. Supreme Court paint a picture of a project in financial turmoil. On July 11, Royal Bank of Canada, on behalf of a group of lenders that also includes the Bank of Montreal and Meridian Credit Union, initiated receivership proceedings against the developers of the Curv luxury tower in the West End. A court petition describes a mortgage agreement where the developers of Curv owe a principal amount of $90-million that came due at the end of April and that is growing as interest accrues. As of July 10, the amount owed is over $91-million and B.C. Supreme Court will hear the application for receivership on July 25. The Curv site on Nelson Street remains wrapped in signage for the project. The old apartment buildings at the site were never demolished and sit vacant. One-bedroom units were to start for more than $1-million and the top floor, 7,300-square-foot penthouse was listed at $60-million.