I like these clean, simple infill projects, particularly juxtaposed against the surrounding historic neighborhoods. It'd be really great to see this stuff outside the core. Since it's already stripped down, you could put this stuff up just about anywhere in the city, really, and maybe breath some life back into some sleepy, low-income areas.
The parking lot story is interesting. Like they said, someone could sit on this for a few years since it's produces quite a bit of revenue, but ultimately, you could really make quite a bit more off the site with an improvement.