Anbang didn't include the Terraces in their purchase. The Terraces on 7th are styled as luxury living and likely, the new ownership wasn't willing to provide that type of high level housing. Consequently, they withdrew that site from the package. Someone still owns it. Probably the old owner. And the old owner, decided the provincial subsidies don't cover the cost of inflation. The writer didn't bother to say who the actual owner is though. Having said that, I feel for the gentleman who's mom will have to move.