I will probably take a lot of heat for posting this here, as this is unsubstantiated heresay, but I heard an absolutely awful piece of news on this project yesterday. A friend of mine who works for Green Park Homes told me that Green Park was very recently approached by Bazis to assess whether Green Park might have an interest in purchasing the 1 Bloor lands from them.
I truly hope this is incorrect news, as i want this development to go ahead as much as anyone... take it with as many grains of salt as you deem appropriate.