I would suggest 'comical' over interesting.
Perhaps even bizarre.
Typically in Employment/Industrial land conversions it happens from the fringes of an area inwards.
A developer will pick off a pocket next to existing SFH or farmland at the edge of the industrial lands which allows ample room to buffer a site, and which means there is no incompatibility (at least at the same level) on 2 or 3 sides of a proposal).
Here, this site is surrounded by light industry/warehouse and barren retail, with no residential particularly close by.
The site certainly isn't small, but at first blush not large enough to support the suite of services residents would desire, ranging from grocery to childcare to a library to a park or a school etc etc.
If this site is going to go, then a large chunk of that area will have to go with it, I think, and that should be the subject of a very large planning exercise, one that also answers the question of where the businesses will be relocating.