It was a fake building, 'designed' to stimulate an approval. And it did...
What Krugarand now plan to do with it is anyone's guess as they don't build and ain't nobody looking for a 1700+ unit project right now.
I'd have to back and re-read the conditions, but I believe the park/demolition obligations are near term, date-specific.
I imagine they would prefer to have this in the hands of the ultimate builder to spend the $$; but I suppose, if they have the capital they could advance their obligations w/o proceeding with the building at this time.
Found the conditions, I parked them here:
MODS: I couldn't find a thread for this but does anyone know what the status is about a planned extension of the park? Found this article from last year - apparently 1240 Bay St. would be demolished (which would be great) to make way for an expansion of the park...
I will copy them over: