[someone123]

My guess would be that bids for the land will be relatively close together and so 60% will not necessarily put too much emphasis on the price. Because it is a bid I also think that 8 storeys will work out fine -- the city will just see somewhat lower bids than it would have seen had it permitted highrise buildings.

One thing I do dislike about this is the silly names and generic pictures on the website. The carefully-chosen stock woman photos scanned out of a newspaper look ridiculous.

Anyway, the fact that the NSLC wants a new location on Queen Street will make that lot very easy to develop. Guaranteed major retail tenant and apartments or condos in that area fill up extremely easily.