I wonder if this was their contingency plan in case the OMB ruling didn't go their way for the One Hundred development? The extra space would allow for additional setback.
The deal was probably pending for a while and since the OMB ruled in their favour they can move forward with this lot as a separate development.
The previous owner of 118 Victoria probably didn't take part in Momentum's OMB case for a reason. I recall that when the One Hundred project was first announced,someone had mentioned that Momentum was in discussion to acquire an adjacent property as well
The deal was probably pending for a while and since the OMB ruled in their favour they can move forward with this lot as a separate development.
The previous owner of 118 Victoria probably didn't take part in Momentum's OMB case for a reason. I recall that when the One Hundred project was first announced,someone had mentioned that Momentum was in discussion to acquire an adjacent property as well