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675 Progress Avenue (?, 49s, SvN)

AHK

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From: http://www.collierscanada.com/25566

1.6M SF Approved Mixed-Use Development Opportunity
675-695 Progress Avenue, Toronto
LAND OR DEVELOPMENT SITE FOR SALE
For Sale
Land Area : 273,393 SF
Building Area : 1,611,896 SF

DESCRIPTION
Located in City of Toronto, Ontario, 675 Progress Avenue, specifically Phase 1A, and 695 Progress Avenue, specifically Phase 1B (“the Property”) are approved for a multi-phase, mixed-use development. The Property is located in Scarborough Centre which is a vibrant urban growth node consisting of established residential, retail, entertainment, recreational and social facilities, making it an exciting opportunity with transformative impact in the increasingly popular area of McCowan Road and Highway 401. The Property will be adjacent to the approved Scarborough Subway extension stop and is currently adjacent to the existing McCowan TTC Station providing direct high order transit connectivity to downtown Toronto and across the GTA.
 

WillieThePooh

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After the demolition of the existing structures, it doesn't seem like any activity has been going on at this site, from what I can see at least. Any ideas what the delay is about?
 

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