Honestly, for that partucular site, it's probably as good as it's going to get. I see it as excellent news thst they are still planning on building something. A 9 storey building of mediocre design is still better than a slightly better looking 24 storey tower proposal that never gets built.
A friend of a friend owned a unit in Carlisle's tower next door, that I think he bought at time of construction. He sold it recently and STILL lost over $100k compared to what he paid, in North America's fastest growing big city. So that's the economics for that part of downtown at the moment, unfortunately, and why I see anything happening on this site as great news.