ushahid said:
^Kingsett will hire a fancy Architect, will pump up the value of land for few years and then sell it to a developer that will hire G+C or Kirkor to build this. life cycle of project in Toronto.
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ADRM said:
...except this is the part of KS' business model that is just not really a thing right now.
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It's also already zoned for might higher density.
 
Undead said:
KS buying as opposed to selling now there's something you didn't have on your bingo card.
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It's just a good, stabilized, Class B building with decent rents and on an excellent land basis. KS has some of the deepest pockets in the industry and can afford to hold things that will make sense in ten years. Nothing more, nothing less.
 
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