People I know in the building were told of non-renewal / termination of their leases a year ago plus. Many moved out last summer. A large contingent moved out in the spring, after the mock funeral one weekend, with a coffin paraded around the streets in the area.
The building to my knowledge is, was, and always has been a commercial structure - not a residential. That is not to say there were not people living there. The building did have a reputation in the community of being a bit of a squat. Individuals setting up residential camp in a commercial space does not legally turn the building into a residential one, subject to all the City's stipulations regarding official residential buildings, including requirements for replacement housing.
My suspicion is that any remaining 'residents' - if there are indeed any, and this was not a dated report - are economic refugees, with no other comparable affordable alternative in such an equivalent convenient location - not ones who are the innocent victims of a legal transgression by the developer.