Yeah, it's part of the design, I think it may also be repeated on the west elevation. I'm also under the impression that the glass awnings over the sidewalk will be tinted red.
 
Yesterday from Dundas Square, can't help but wonder what the future cluster of buildings would look like from this pov:

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Yesterday:

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This building really stands out when viewing from the eastern side of downtown. For some reason I didn't expect it to stand out nearly as much as it does.
 

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