you felt it was aback ally in the core because, right now it is in fact only a parking lot. Once this site will be a hotel, condo or office tower it will be forever busy.
an agent friend once said Harry bought the land for 14million. so if he sells it for 30, he would be able to settle with Mirvish. This is the last parcel of free land in that area. so i'm sure he will do well.
Lablaws owns that land. They were to develop there, however, they sold a parcel to Concord which is now sold as Panarama. Perhaps concord will take over this land too.
Cass: yes it was about a month ago. After the Real Estate and weath Expo, the office units took off quite nice. the full 7th floor is sold to a single buyer.