Quote:
Originally Posted by allan_kuan
If NIMBYism and industrial retention issues don't get in the way, there is potential for redevelopment into residential with at-grade retail I guess? At the same time, I think that lot has seen several used car dealerships come and go over the past few years, so I wouldn't get my hopes too far up in the case that they decide that the land is not worth repurposing for anything other than what it is right now.
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The site would have to be rezoned, but my guess is it will happen sooner than later. The site is currently for sale, just the vendor wants a bit too much money. The vendor thinks that it can be rezoned to a much higher density than it actually will be. With the Mt. Pleasant neighbourhood plan just recently adopted, I doubt the neighbourhood or the city will have much appetite for a proposal that is above and beyond what is called for in the new plan. You never know though.