Currently occupied by Sprint Senior Care. 140 Merton is of the 11 sites identified as part of John Tory's Housing Now initiative. (Link)
I decided to begin this thread because I have heard rumbling that this site will be among the first to proceed. I've also heard rumblings of 14 storeys and largely senior-oriented from the local councillor.
Estimated Units according to CreateTO: 150 (50% market rental, 50% affordable rental)
Heritage Report: https://www.toronto.ca/legdocs/mmis/2017/te/bgrd/backgroundfile-101450.pdf
Heritage Easement 2017: https://www.toronto.ca/legdocs/mmis/2017/te/bgrd/backgroundfile-100814.pdf