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Old Posted Jul 23, 2025, 5:57 PM
BK1985 BK1985 is online now
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Join Date: Jul 2019
Posts: 357
While its definitely a tough situation for the residents living there, they had to know this day was coming given its a lendlease property sitting on top of some of the most expensive land in the country. The best case scenario is that a deep pocketed developer can buy them out at an acceptable profit to the current residents. I do recall seeing a listing several years ago in this building and initially wondered why it was so cheap and saw it was a LL property. I'm not sure how long the terms were for this particular building but they are typically anywhere from 50 years to 99 years.
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