Provincial MPAC taxation issues aside, and the love people have for Le Select, Allied Properties is not a "condo developer" - they're a Commercial REIT. And they do own some really great heritage properties in Toronto & elsewhere. https://nowtoronto.com/food-and-drink/condo-developer-takes-over-le-select-bistro-toronto#.YC60JHsaZxc.twitter

For instance - the City had no interest in or regulation requiring saving the old warehouse buildings that are now part of the Queen Richmond Centre, but Allied did it on their own. (In fact, I've been told city heritage are annoyed they did.) https://www.alliedreit.com/property/qrc-west-134-peter-phase-i-fr/

If you look thru Allied's portfolio, they are actually caretakers of a lot of solid heritage and very urban buildings, the things people love. https://www.alliedreit.com/city/toronto/ 

A residential building could ultimately be built there, who knows, but erroneously calling them a condo developer stirs lots of immediate reaction in Toronto.

(I dunno, these folks have been running a resto since the 1970s - so often restos go under or the they fade away - these ones got some equity out of it, for once. Hope it keeps going for local love + the many employees tho)