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Originally Posted by Flatland Metropolis
Knowing Zaifman I am not hopeful that the facade will actually be preserved. Once it's demoed it will probably be something like oops we broke it, well at least we tried, okay here is the cheap concrete pre-fab build we will do instead.
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Until we see actual construction of a new building there, my assumption is that it will become and remain an empty lot.
Zaifman has less than zero credibility, and certainly cannot be trusted or expected to put any amount of his own $$ there to redevelop this site.
The correct course of action is to expropriate the property from him and sell it to a developer than has an actual track record in this type of project.