I actually really love the location. This development and Sugar Wharf phase 2 are gonna help shift the skyline to be more centered around Yonge like it should be. I never got why for the longest time most of the skyscrapers in the skyline were west of Yonge instead of being centered around the East and West end divider.
To add to the above, Toronto, like most cities, is skewed westward due to a general preference for growth in that direction.
It’s rooted in the industrial era, with prevailing winds blowing eastward (usually) and a manifest destiny-esque cultural force marking the west as the land of opportunity. This has all prevailed into the modern age, becoming a self-fulfilling cycle of “there’s more in the west, so let’s build there”. This was compounded by the Don being an early barrier, further making the west preferable.
This has generally played out in downtown as well, both as the city was being established and as it has grown. The economic central spine of downtown might even better be described as Bay Street,
not Yonge, when accounting for where the true financial core is/was built. The medical district is on University, U of T between University and Spadina, and so on. Though, Yonge is almost certainly the cultural centre at large.
The most obvious evidence for this is how the contemporary ‘condo boom’ has played out in the core; much more development has occurred on the west side, and much more can be considered ‘complete’ there. The east is only growing comparably now, as development moves clockwise/counterclockwise from the west/north.
Worth saying, however, that as growth needs have changed, the scale of development is much larger in the east than ever was planned in the west previously, perhaps partially due to the momentum of demand to live downtown in general as a result of the growth in the west/north core.