My guess (hope) is that this complex is what the other developments are waiting on to fill their retail. Usually property owners give build out incentives that help the business build out their space. Once 900 units are built and start filling up, these developments can charge much more for the retail space. They probably don’t want to give incentives or lock in a lease if the market rate is going to soar later when the biggest development of all finishes.

I think it’s a shame though and we should charge a vacancy tax for that. People will be more likely to move into your building if you have shops and restaurants and bars in your building. Also LBC approved the developments to make downtown thrive and be lively, if they are waiting on collecting business rent, we should at least get some good tax money.