- Real Estate Investors Bet on Demolishing Offices, Replacing With Apartments - Bloomberg

- Real Estate Investors Bet on Demolishing Offices, Replacing With Apartments - Bloomberg: Chiara%20uses%20a%20visit%20to%20Mach%u2019s%20most%20recent%20purchase%2C%20a%201980s-era%20campus%20of%20blue%20glass%20towers%20and%20green%20courtyards%20in%20Toronto%u2019s%20suburbs%2C%20to%20explain%3A%20Mach%20paid%20C%24165%20million%20for%20the%20property%2C%20but%20not%20before%20checking%20how%20many%20apartments%20could%20be%20built%20on%20the%20land.%20With%20the%20potential%20for%202.5%20million%20square%20feet%20%28232%2C260%20square%20meters%29%20of%20residential%20space%2C%20Chiara%20estimates%20the%20empty%20land%20would%20be%20worth%20C%24250%20million%20%u2014%20a%20premium%20to%20his%20purchase%20price%2C%20which%20he%20says%20could%20cover%20the%20cost%20of%20demolishing%20the%20office%20buildings%20entirely.%0A%0A