I dont think the above person is referring to 650 King West.
With respect to 650 KIng West, I have heard from a very reliable source that as of the last week, it obtained financing to begin construction. Construction is supposed to start within a couple of weeks. As of Sunday November 29th, there is a CAT digger on site, and the water is being drained is being drained today. I spoke with a construction person on site today and he said that they will start drilling (which comes prior to excavation) within the next week or so, and that the excavation will begin after that.