Developers who build condos are not the least interested in social largess.   What they want is to maximize their returns by building in Toronto's thriving neighbourhoods.  If they were so altruistic, they would be building in Rexdale or the Jane Finch corridor.  But they are not.  They want to build an 8 story condo with 16 luxury units in the Annex for millions of dollars each.  They are not providing homes for the masses.   What makes areas like King West, Little Italy, the Annex etc. cool is the eclectic combination of low rise commercial properties along arteries with tight residential streets abutting them.  The Developers can see the beauty of the above neighbourhoods and simply want to cash in on it.  To build their banal architecturally bereft concrete and glass boxes, they go in and buy up the beauty of the neighbourhood, then demolish it to make way for their boxes.  This is not positive change.  Atwood is 100% correct on this one.