Luxury Condo Firm Westbank Sued Over Executive Bonus Lost in Cash Crunch

Westbank Projects Corp., one of Vancouver’s top real estate developers, is being sued by a former consultant who says he was offered the job of CEO and promised a large bonus — until a real estate slump derailed the plan.

The litigation appears to shed new light on financial stresses at Westbank, a mixed-use developer that’s best known for luxury condos in towers with unique architecture. The company has created some of the Canadian city’s most ambitious buildings over the past three decades, as well as projects globally.