I thought they might do this. They put trees there previously but without bollards, I was afraid the trees would just get run down.
People parking and stopping in that bike lane (and even the sidewalk) has been rampant since the building was occupied, and I can't see that it's going to stop with the addition of a few bollards. But I honestly don't know the solution. If they left it open to Sherbourne it would create a whole new nightmare of cars turning in and out of there onto a very busy street very close to the Esplanade intersection. It would be a different dangerous situation for pedestrians and cyclists -- and potentially jam up traffic for Sherbourne drivers, too, when its busy.
Basically this shortsighted design has created a bit of a mess that has no solution other than hoping and praying drivers obey the rules and go around to the Princess side for pickups and drop-offs. Which will never happen. So, basically, good luck out there.