I believe this is not acheiving what Adam Vaughn is seeking for family condos in the core at prices which people can afford.
this is NYC where the uber wealthy or people with inflated incomes are looking to buy at $3 million with $3000/month condo fees and nannies and private schools??
I don't believe that except for a limited group of wealthy higher eschalon bankers, lawyers, and perhaps CA partners of major firms, entrepreneurs, this provides for family size apartments/condos in the core.
It is the trend that is relevant.
Once families with money move into the 'core' downtown, then facilities-- day care etc.-- will follow. That, as Johnzz has correctly stated, will encourage more and more familities to move into the city -- perhaps, not in the 'core, but at the edges of 'core'.
About 10 years ago, you could not find a grocery stores in the downtown area. Now, they are popping up everywhere. Canadian Tire is in the middle of the'core' -- at Bay and Dundas. Home Depot tried, twice, to move into the 'core'.
As regards moving into the downtown area after having lived in suburbs for 30 years, it is a matter of personal preference. I moved into 'core' downtown from 'inner suburbs. And I love it.