The land under Nana Plaza in Bangkok is much more valuable than the rents paid by a bunch of bars.
On top of that - the big hotels in the area want it gone and they are influencing the big Thais to push it they way they want it to go. Which is gone.
Keep in mind - the same “group” that is selling out the Night Bazaar would easily sell out the plaza.
So over time I just think the place will have a hard time providing the same revenue stream that a large condo, office building or mixed use development would provide.
The Big Mango