That could be one scenario alone with many other possible ending. The market and demanding are still overall positive. This is an unfortunate happens at good timing. Hope cresfold can absorb it.
Again, my 2 cents only.. If Builder is aiming at short fix then rather take offer and walk away. YSL and 33 Yorkville appears can make creat profit by all standards. Cresford might try to keep their reputation, convincing everyone they have future.
Clover is at its 80% completion. Just laymen thoughts, since already gone thus far, would builder try to close this project so can collect full amount. It can help their finance situation.