Yes of course, but we're talking apples and oranges in that example. Woodframe is much cheaper than concrete, therefore you won't see concrete lowrises unless the target demographic is higher income earners and more expensive units. 200 Douglas is an example of a high-end concrete lowrise. The example we should be looking at is all things being equal, units in a 25-storey tower will be, as a whole, more affordable than units in a 10-storey lowrise. At 25 floors the developer will have the means to offer multople <$200,000 units whereas $220-$240k is the starting point for short concrete towers.
Going back to this property, the developer, CGS Property Group (same developer as 1075 Pandora) will be hosting a public information session soon. The plan is for condos and the property allows for two towers. We'll see what the developer's vision is soon.
Any idea of the date Mike?