F*ck, and I cannot stress this enough, them cars. They are within 3 blocks of 3 train lines, the PATH, the light rail, and literally dozens of bus lines. Would you rather they bulldoze it and put up a parking lot?

Property tax exists. Are they getting a PILOT? That's still money to the City. A parking lot or vacant lot provides much less money to the city. That ground floor retail will generate sales tax.

At a bare minimum, tenants buy food and drink nearby and support local business. Best case, they work local, buy local, and become part of the community.