Quote:
Originally Posted by drew
There is a lot of blame to go around regarding buildings that remain underused in the Exchange - but I will reiterate that you cannot develop a building that someone isn't willing to sell, or at least sell for a reasonable amount.
Delinquent owners are a big issue in the Exchange.
|
SO sad. Albert Street was like a mini Osborne Village but even more interesting, right in the Downtown.
Until Mr Zaifman is forced to do something or sell the St. Charles, it will be a tough go for some reason.
Why has nothing been done here> Despite past threats by the city?
He wants to allow it to be so deteriorated like The Reiss family allowed the 4 storey former red brick building on King @ Banatyne to become non salvageable. They were forced to rebuild it in order to go ahead with he parkade on King st. It is now a facade resembling the early 1900's structure in a beige brick.
Once that hotel can be restored, it hopefully will be a domino effect.