I know a couple of people that moved out of Strathcona and Belgravia due to petty theft becoming a semi-regular occurrence. If this keeps happening, we will continue to see young families and couples move away due to safety issues.
I guess the saving grace here is that Beljan's project + the opening of the Colombian Coffee Bar will help liven up 99st and that neighbourhood overall, helping to lessen the blow of this huge eyesore in what is otherwise a really great area that many people love living in. I'm cautiously optimistic that one day, whenever that day may be, we will have a competent and great developer come in and buy this lot up, propose and build a solid tower of some sorts and hopefully implement a grocer + wine bar or something along those lines. I think this area and the potential this site offers will be good to whoever is willing to be in it for the long haul.