83-87 Weber St E | 32 fl | Proposed

[tomh009]

Part of the problem is the complexity of dealing with zoning. You end up with organizations who essentially are experts in navigating the rezoning process, rather than in actually building housing or other types of development.

In other words, speculators.

No, I would not call that speculation. In this case, the company knows they can increase the value of the land by improving the zoning, so arguably they are adding some value.

A speculator, on the other hand, will buy undervalued property in the hopes that it can later be resold (as is) for much more.