The historical images upthread even indicate that this was not the original intended design for the building, but the result of a reconstruction in the 1930s.
Actually, 1920s.
And honestly: that "not the original intended design" argument is about as amateurish as anti-Stollery's arguments get. You might as well suggest that *any* Art Deco rebuilds/reclads ought to be disqualified because, well, there's something older that was effaced on their behalf. It's almost as bad as the idiot "this ain't heritage; it ain't 100 years old" or "it's only 100 years old; there's stuff in Rome that's 500 or 2000 years old" arguments.
(Not to mention that the circumstances of reconstruction, i.e. the rebuild and widening of Bloor St, are architecturally/historically "interesting" in their own right--a lot of Carriage Trade Deco frontages, now mostly gone, were created as a result. It's almost like a lot of UT-poster mentalities are actively *scared* of reflecting on such facts because, well, such facts fuel the anti-developer hysterical preservationists--better to suppress everything and ahistorically redline the whole furshlugginer mess as a worthless old crock because, well, new development rools, old crocks drool, etc etc)