The massive pit at the southeast corner of Yonge and Sheppard is slowly beginning to fill in as construction continues on the new Hullmark Centre. Three cranes are up and the excavation work looks to be complete. 

Image by jivey80

The photo by UrbanToronto forum member jivey80 shows the site is rounded near the Yonge and Sheppard intersection. Its rounded because the site at that point follows the subway tunnel that connects the Yonge line to the Sheppard line. 

Here' a rendering of the 49 and 35 storey complex featuring residential, retail and office uses.

Hullmark Centre Rendering

Developed by Tridel, the design is by Kirkor Architects with interior designs by Mike Niven Interior Design and SGH Design Partners. Many more photos here.