RE:RE:RE:Action this weekThey are rezoning it, and over the long term will rebuild. Right now their goal is to get the zoning, so they can get a better mortgage. Dream Unlimited gave them a loan on the property to buy it from MPCT, so they will want zoning done so they can get a better mortgage rate from a bank.
Arkfield paid a good price for the property, due to this density. This is why Dream unlimited had to loan them the money to buy it as the banks dont lend until zoning is approved. MPCT did not miss out on anything here.
Here is the article regarding it being a long term plan to eventually build.
https://renx.ca/arkfield-strategies-acquire-10-lower-spadina-office-toronto
DJ441c wrote: I note the company that purchased 10 Lower spadina is putting a 49 story residential property on the iste why didn't Impact do that and will this be compettition for our developments?