I suspect that given the lack of permits in place, Roni group is simply using this site as a spot to temporarily store and reposition the equipment that it's using at other job sites around the city.
Yeah, crane is for the construction of an emergency exit building along the Ontario Line.
https://assets.metrolinx.com/image/upload/v1747233386/Images/Metrolinx/Exhibition_-_Updated_Notice_of_EEB_Construction.pdf
Crane went up here today, looks like.
https://www.instagram.com/stories/gabriellicraneco/3862990980438172427?utm_source=ig_story_item_share&igsh=MW16MTV4OGtxMnA3dg==
Photo via Instagram/Gabriellicraneco
To be fair, the footprint of this building is pretty small, and there wasn't a large podium to construct, or heritage component to work around either. But yes, it has gone up quick!
The podium section normally takes a few weeks per floor because the floor plates change, and requires alterations to the forms.
Once they get to the tower section many of the floors have the same layout, so the same form is reused. That usually allows for a floor to be done about once per week.
There are no active permits, aside from the one for demolition.
Allied is also financially challenged at the moment, so the answer is almost certainly no.
The likely reason why the company is demolishing this building is because the city essentially ordered them to do it back in May.