This shot from Reddit shows a crane up:
http://www.reddit.com/r/toronto/comments/31t1ek/current_state_of_spadina_and_college_street/
Wj1v4sK.jpg
 
From the 17th:

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The BK building is certainly the most intriguing corner for intensification. If any potential future developer can acquire the rest of those low-rises on College up to the Booster Juice, then they can form a substantial property to work with.

Agreed. It's a great corner. And that whole corner is a dump right now. Excited to see this intersection and immediate area turn the corner. Though I'm sure I'll become nostalgic as it changes.
 
Didn't even go up one story in over a month?
It has gone up just under one floor in 15 days. In the Oct 31 update they hadn't poured the 3rd floor yet. They are now doing columns and walls for 3. I'm guessing the floorplate is pretty irregular but this still isn't really slow
 

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