Yes, that is clearly the game they are playing. Try to get a larger project approved and entitled, then sell the parcel and related approvals off to a larger, more-experienced high-rise developer for a large profit - ideally at a sum larger than what the property is actually worth. Simon Properties played a similar game over at Copley Place and when they found no takers willing to overpay, abandoned the high rise in lieu of concentrating on their bread-and-butter business, which is running indoor shopping malls.
On what evidence do you base this claim? I'm puzzled. Here's what we know:
1.) This is the 3rd time this developer has submitted a proposal for this site. That takes a lot of dogged--fanatical?--dedication to a certain vision. A certain emotional investment, even? That doesn't strike me at all like an outfit seek to engineer a zoning approval/sell-off.
2.) They have owned these parcels for decades--at least since 2007, but most likely prior. Like all Downtown real estate, it has appreciated immensely during that time. If they were so itching to make a quick buck, why didn't they sell at any point in the last 3 decades, and make it simple?
3.) Their prior two submissions were full-blown submissions. They hired architects and everything. Surely this one will be the same. Why would they spend such huge gobs of cash--surely millions of dollars, with millions more to be spent--if they weren't intent to build? That doesn't seem like the behavior of an outfit that's trying to execute a zoning approval/sell-off.
4.) Does this developer have a history of executing zoning approvals/sell-offs?
Mind you, I'm not trying to claim these guys are somehow ethically or morally superior if they DON'T engineer such a maneuver--this is no advocacy brief.
I'm just saying--just like all this rampant speculation about it being wood-built--where's the evidence, and what reasoning is built upon it? I get that any new submission for the Downtown core will naturally ignite all sorts of speculation, but, still...