01-31-2017, 10:05 AM
The purchases needs to be leased for much or any work to be done. We have a good number of jobs wanting to locate in the core, but not typically enough to activate all kinds of these developments at once; recall that the office building tower (shorter one) above Apollo was/is being converted into single bedroom rentals. The new grocery store going in off the lane will probably also cause pause for anyone considering grocery retail in that location, just as the LCBO currently caught by the intermodal hub will almost assuredly take the good lease deal (for a to-be-developed SIXO property) as long as they can, were it to be a possibility for the space.