Just out of curiosity, how many suites are in this building? I find it a little reckless for a redevelopment company to risk a lawsuit, when a much more logical course of action is to serve 1 year notice and get all the permits in place during that year. In this scenario, you are allowing your tenants ample time to find other housing (yeah, I'm a big softie), plus, in the event that you don't get your permits, you still have (some) tenants left.
And with proper advertizing, there's no reason why temporary housing can't be sold to companies that have employees come for short lengths of time for this or that.
Condo conversions have a relatively simple formula. As long as the parking is there and a couple other things (evading my memory right now), it's a 'likely' that you'll get your permits.
Of course, applying for permits, getting them, then trying to rush everyone out of the building is one way to keep the building full until the very last minute.
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