K2 Condos | 21 fl | Complete

[ookpik]

Land prices will go up, but the value of that land was much higher if it could've been incorporated into the surrounding development. Now it's not likely to be able to support the same density of development.

Reminds me of the last hold-out in this Toronto developement: St. James Town and the messy politics of urban renewal

Unfortunately for Casaccio, his building wasn't in the way of any of the planned towers and work simply began around his little home. In 1967, the three-pointed building at the corner of Wellesley and Parliament loomed over his backyard.

"We now own all the property between Ontario, Parliament, Howard, and Wellesley streets except his," said Elmore Houser, the lawyer for the developers. "We have told him we are reaching the point where we are no longer interested in buying his property for anything more than its nuisance value, but he won't believe it."