Thankfully it looks like most of the arcade is gone on Yonge / Gerrard. I'm a little disappointed that more attention wasn't paid to the S.E. corner (current renderings). From a big anchor retailer's perspective you would think that they would want a stronger presence, especially if they are going to fill 17,000m2 of retail (more than 1 retailer) and not just your typical dry cleaner / convenience store. I guess there aren't too many options for large floor plates in the area though...
The scale is interesting in the before / after renderings (in the Star) the 'after' makes ROCP2 look massive in comparison to the 'before' making the 75 stories seem comfortable...illusion?
From a 'big-picture' perspective, the more people that move to this area the better. Hopefully this along with other projects on Yonge (Toronto Life Square, Ryerson-Sam) help act as a catalyst.