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Old Posted Jun 8, 2012, 4:28 PM
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scalziand scalziand is offline
Join Date: Aug 2007
Location: Naugatuck, CT/Worcester,MA
Posts: 3,492
Yeah, the developers have very little if any desire to demolish a leased, income producing million square foot building to create an empty lot in order to put up a 2 or 3 million square foot building without tenants or financing guaranteed. This isn't like knocking down a couple of dinky tenements in anticipation of future development that will be of a much greater scale than the tenements.