08-19-2016, 11:40 AM
It doesn't permit anything for a good distance back from King to be anything more than 3-4 storeys. There'll be no Princess or Red condos popping up here, let alone City Center or 1Vic style developments, at least not without the bulk being pushed back from King with further property acquisition. Unless they themselves can assemble the properties at the back, I don't know why a developer would pay them an arm and a leg for the portion of land that is limited to 4 storeys, when they can buy the denser development potential properties at the back and not worry about Huether.