Quote:
Originally Posted by Innsertnamehere
I mean it's not a terrible strategy, there are lots of developers in Toronto that do the same thing. They do the work of securing development rights then sell to a developer who is more focused on actually building.
|
I can understand that if they had done the heavy lifting on securing more desirable permissions (ie higher density zoning) like they had done on James N, but I don't think they did any of that here, did they? They sold it with the same zoning they bought it with, but started putting together plans in the meantime, where's the strategy in that?