https://www.cbc.ca/news/canada/british-columbia/vancouver-school-board-kingsgate-mall-1.7429088#
Not 60, no 40, not even a 20 story stump has been built there.
https://vancouversun.com/news/local-news/developer-beedie-wins-lease-dispute-kingsgate-mall
A mixed use commercial tower with reasonable rental units could be built there.
If the upper half was condos and the lower half rental units, plus a few lower commercial levels, the place would be a success, even for the owners. Unfortunatly, things move very slowly in Vancouver & BC in general.