I agree, I like the new styling quite a bit. Personally though, I would've preferred if the west side (in red) was removed and additional height given to the tower (in blue). I can't get over the separation distance differences on the West and East sides.
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Personally I think the ground level needs to be more human-scaled and protected from the elements- maybe glass awnings and tree planters would work?
I recall the space is fairly exposed to both the sun and wind.
I don't know the conditions here or where the sun usually is so it's conceivable to me that maybe this space will become if anything overly shaded with all the buildings around, but it seems like it might be pretty exposed and I find that in general from parks (aka fields of grass) to streets (wide deserts of concrete) Toronto loves to create big open way-too-sunny hostile spaces. I don't really understand it. I guess people like the sun, but for me going out when it's at all warm always feels like plotting a course between rare patches of shade or being extremely uncomfortable.
Generally otherwise I really like this though, including that possibly too sunny water area. Great to see this car free kind of pedestrian small-scale zone with shops and stuff that also connects with the lake coming in under the street activated even more. It's kind of an interesting space.