The website has been taken down, as well as the billboard on site a while ago and is now a surface parking lot. So it doesn't look like the developer, which I believe was Main & Main, is going through with developing this into a 3-storey restaurant/retail building.
This property would be great combined with Hines' recent development proposal on 64-86 Bathurst St. Even better, they could also acquire the 3-storey commercial building next door (675-679 King St. W.) as well.
 
This site appears on Trinity Group's portfolio: http://www.trinity-group.com/property/king-bathurst-southwest-corner/

1546564511157.png
 
Hmm? office building
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​
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689 KING ST W
Ward 10 - Tor & E.York District​
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​

Zoning By-Law Amendment to permit a 13 Storey Non-Residential building that will result in approximately 14,048 square metres of new office space and 826 square metres of street-related retail space.
Proposed Use ---​
# of Storeys ---​
# of Units ---​
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Type​
Number​
Date Submitted​
Status​
Applications:​
Rezoning​
19 115906 STE 10 OZ​
Feb 15, 2019​
Under Review​
 
I still would consider this as "core".

It is just outside the TOCore boundary even.
 
Seems to be getting underway.
Some confused drivers pulling up wondering who took their free parking spot away.

20190503_181940.jpg
 
Looks like it could also be parking lot shut down by the city as they do not have a hard surface, lines, lighting etc.

Cost justification between compliance and monthly revenue...
 
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