Something of a surprise quote in the Traveller's Inn bankruptcy story:
"Most of the properties are in the community plan for highrise (six-to-one density) and several of the properties will require four to six months for rezoning in order to sell for highest and best use."
A developer has made an offer on 3020 Douglas St., the Vacation Inn, and for three lots on Burnside Road, for a proposal to build a new mall at Douglas and Finlayson streets, Asfar said.
Mayfair is to the NE, Denny's is NW, VanCity to the SE, leaving the Victoria Motor Products (former Cornell Chevrolet) as the probable location.
In general, I don't like when malls are built across the street from existing malls. It sprawls everything out too far. A mall works well as a relatively tight destination cluster that contrasts with its surroundings. It would be much better as residential/office with ground floor retail.
Mind you, the source of this rumour is Asfar himself so ingest the appropriate amount of salt with this data.