On the Delta Chelsea: Not going anywhere. The current hotel is 1,590 rooms, this new facility which is at least 1 star rating above the current facility (even calling the current facility 3* is a bit of a push.) .....will have only 566 rooms (or slightly over 1/3).
However, if I had to guess, and it is only a guess, I think this does set the stage of a phased redevelopment of the current site.
Likely retaining the newer south tower, since it has the waterslide and most of other advertised goodies.
We'll have to see, my bet is on a new 2-tower Delta Chelsea w/mixed condos and hotel.
On this proposal.........the Ascendancy of Toronto continues....
On office space, I really hope Bay-Adelaide II is next up, as that has been an unfinished block for soooo long.
An environmentally conscientious, libertarian inclined, fiscally conservative, socialist.