Well seeing as the interiors are old timber construction and the new structure would need to support parking as well as the new tower above. The only thing you'd really be able to salvage is the façade. I've said it on here before but the freedom of starting from scratch verses partial demo and incorporating refurbished existing structures into a new design is adds a lot more time effort and money both during the design stages all the way through construction. I'm sure it was discussed. The developer would need to think the extra time and money was worth it. For this I guess they didn't.
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