It looks like two years is the rough timeframe. Much work ahead. It also looks like around six office/commercial towers are planned for the site furthering the evolution of the Dundas and Bloor area for more intense use. Interesting times for Toronto with so many projects actually moving ahead and opening.
"The result? Castlepoint abandoned its plan to condominiumize Tower Automotive; instead, the restored building would “support new commercial and office uses targeted towards the arts and digital media sectors.” Six other towers dedicated to “new office, retail, cultural and commercial [uses]” would be built in proximity to Tower. None, however, would be taller than the landmark former factory which, during the Second World War, produced fuselages, helmets, bullets and bayonets for the Allies." Globe and Mail