as I live close by, im looking forward to seeing this area of main redeveloped, however according to the community plan, it only allows up to 6 floors. They can request more but its not a given. Classic case of, ask for more and hope for maximum allowed,
The likelihood of the building next to it being built is slim as the blue star motors which occupy one of the smaller buildings already is a heritage building.
here's the link to the community plan
go to appendix A page 26,27.