I love the firehouse clock tower and realize its previous location above the heritage buildings was awkward, but that new positioning is not much better. That clock tower would look a lot better a bit south at 429 Yonge Street where the pedestrian only section leads to Granby Street as shown here:
View attachment 428931
Source: Google Streetview
I'm inclined to disagree. I'm not a fan, in general, of decontextualizing history. Sometimes it works, but mostly, I think buildings should stay in their original spot, or as close as practical, in order to convey what a spot/corner may have looked like, in part, for a very long time, and how that history related to what was around it.
Now, I'm quite happy to agree that this history here is somewhat decontextualized as is; but I would have chosen a different solution; I would have preferred to see the original fire hall facade rebuilt, and the original station, to the depth of the clock tower's locale. To be clear, I'm not suggesting that this would a functioning firehall, the space could certainly be repurposed as retail; further, I'm not suggesting the tower would not be built, merely re-sited and sculpted to accommodate the 'feel'/'appearance' of the original firehall within the podium.