Upper Lonsdale redevelopment site

One of the older, large properties is in the process of being developed.  Where there once stood a gorgeous character home and a massive lot just off Lonsdale is now in the process of being redeveloped into 4 properties.  The good news is that the current heritage home will be fully restored and I can't wait to have a look.  

There are other developments happening along Lonsdale above the highway as well.  Do you think Upper Lonsdale is ripe for developments?