The point there at the very intersection I believe will be grassed-over. The parking lot behind it, however, might hold some value to another building. To the west, are two parking lots. One services the Carlaw building, which runs up to the tracks. The other is being used as the interim parking lot for the Bridgeport Health Centre while they go through construction.
If the construction continues, NW, NE, SE (Flat-Iron & Worklofts), SW (Lolabar) will make it feel like downtown. Rumour has it that the lot that has the finger between Flatiron and Worklofts, which is part of the parking lot behind all that, is going to be bought by the City to be turned into a park.