Take it for what it is worth. I heard they wanted to do this after the fire but would not get paid the insurance money if they did not rebuild what was there. The property has been in discussion for years as a redevelopment site.
The new building is completed now, with a photo found on the Dalton Company's website. The whole restoration project reportedly costs over $17 million.
The Dalton Company Ltd. is a family-owned building services firm that specializes in planning, building and renovating for the commercial and high-end residential sectors.