Strange, but welcome news, is that the new owner does not plan to turn the building into condos — although a Toronto Star editorial expressed doubts.
You can check back to the previous post to find what I know of the history of the building, but this news gives me a chance to include a few more pictures of the terra cotta faces on the building. Per the earlier post, I haven't been able to find out - yet - any stories behind these faces, but I will take another look into this in the coming days.