I have a feeling this one is going to work out fine; such a high-profile project in a ward with a strong activist culture and a powerful councillor won't be allowed to get too screwed up.
I wonder, too, if the era of hysterical NIMBYism in Toronto is drawing to a close, or maybe relaxing somewhat. It seems like every major new project (Symphony, 1BE, College Park 3, and now this) is going through quite rigorous review processes and community consultations, which takes a lot of the edge off. The exception so far appears to be the planned power centre for Leslieville, but I'm hopeful that one becomes enough of a citywide issue to be stopped.