Updated with refined numbers and new illustration.
It is likely that the Paramount Site will be used for parking in the near term after demolition is complete.
Here are some numbers to think about when dreaming of redevelopment potential (estimated from geonb.snb.ca/ mapping):
Paramount Site: 0.3 acres
Lot beside Paramount: 0.16 acres
City Parking Lots behind site: 0.27 acres
If the above lots were merged with the corner lot (one storey office building): 1 acre
Total Development Land without tearing anything else down: 0.7 acres
Compare this to the land area of other recent developments:
Abbey St. Andrew: 0.8 acres
Tannery Court: 0.6 acres
Leinster Court: 0.7 acres
Court House: 1.4 acres