I have a 2br unit in a 1970's apartment building (12 unit building)opposite Liverpool Westfield. Adjacent is a commercial office building, and recently a developer bought the block at the rear of the building, knocked down the old house and built a new apartment complex. Is it feasible for a developer to buy an entire old building (12 units), knock it down and build a new residential apartment complex? I know developers regularly buy land consisting of an old house or even a small apartment block (ie 4 units)...however have do you know any cases where developers buy out larger bldgs (12 units) , knock down bldg and redevelop? I would think the profits wouldn't be very attractive as they would Need to spend a lot of $ to buybout the exiting owners ....my bldg would be perfect for a redevelopment, just not sure how likely this is till happen? Any thoughts? Thanks.