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By stone (registered) | Posted April 30, 2016 at 10:23:28
If Toronto has taught us anything it's that 40 stories are better than 4 stories. The real gem on this property to the developer is the parking lot facing Main, a 25-30 story building will fit in there easily. Splitting the lot so someone else can fix up the old buildings on King is more trouble than it's worth on many levels(although I'm sure Core Urban would do an awesome job) Developers only make money when the develop, if they are turning something into a parking lot it's so they can avoid paying taxes and they can afford to sit on it.
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