
Architect Herb Kwan drew up plans for a 29 unit condo building with ground floor retail. Excavation began a couple of years ago but halted soon after. The property has been on the market ever since. This site shows an asking price of $1.75 million for the lot but Colliers (.pdf) had it for $1.64 million at one point before marking it down to $990,000.
Unfortunately, a commercial building was demolished and we are left with another unsightly hole in Downtown. I hope this project is resurrected soon.