Quote:
Originally Posted by steveosnyder
Apparently on the CBRE website they are advertising the sale of the tennis court lot on Stradbrook... 2.5MM will buy you a lot that is rezoned RMF and approved for 200 units.
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I wonder what the hell is going on here. The third time in 2 years this property is for sale. If Globe General can't do anything with it, who actually stands a chance here?
Here's your quintessential TOD development site backed by one of the most successful property owners in western Canada, they successfully rezone it RMU and dump it into the open market?
Something is strange here. These guys don't have money problems...