It's not under construction because they have begun to clear the site of buildings.
 
?

What am I missing?

"Is Nobu under construction?"

".... so yes, it is. "
 
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Any movement on this site. I don’t live in TO. Thx

Careful with that question. As noted above, it can result in varying conclusions based on different interpretive lenses. Broadly stated, there is activity on the site that appears to suggest evidence of activity related to preparing the site and erecting a building.
 
I live across the street - I'll grab some photos soon.

As far as I can tell they've been doing interior demolition for a month or two now. Soon we'll see some shoring and facade retention systems go up, but given the pace of a similar process going on for 19 Duncan I'd say that's still a ways off.
 
Shoring rig is on the western side of the site in the parking lot, but it hasn't starting working yet. Interior and exterior demolition looks to be continuing.

Have some street closure signs up for Mercer from late Oct to mid Nov so I'd wager they'll do the shoring along the north side of the site during that closure.
 
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