Neither rendering is particularly impressive. The development should embrace and enhance the existing streetwall, not overpower it. Notice how the architecture of the gorgeous Vasco da Gama building is overpowered by the featureless hulk.
If such a modern design to be embraced here, the streetwall should not rise above three storeys, and the setback should be more significant. If the developer is concerned about losing unit count by having a more pronounced setback, add a couple more floors above. More height with an appropriate setback would do more to preserve the integrity of this block than what is currently being proposed.
This I all academic discussion. This site has sat vacant and demolished for about a decade now. The condos were announced in 2009 with the promise of occupancy by the end of 2010. Now they are saying construction won't begin before 2017. I doubt we will see any project started here with the current property owners.
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"A government that robs Peter to pay Paul can always depend on the support of Paul"
-George Bernard Shaw
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