Quote:
Originally Posted by Urban recluse
The surface lot is part of the 104/108 package for sale.
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The current owner of this property (who is trying to sell it) was unable to pull the trigger on a redevelopment of these properties, even when subsidies were available.
There was a plan in place, it just never went to fruition.
Part of the issue is that it is very costly to save the crumbling facade of 104 princess. Even if you do, the floor plates are not at ideal heights to match up with new buildings, and the basement is a mess. You basically have to hold up the exterior walls, and demolish the interior to make it work.
If the City would allow someone to tear both 104 and 108 down, it may go further to helping get a project off the ground there. There would also need to be some sort of subsidy available.