[davidcappi]

I definitely think they'll be knocking down the rear portion, though I expect the Design Review Panel & Council/whoever will ask/push for a full facade save along Caroline as well as King. I saw something in Toronto recently where half of a building was restored, while the other half was demolished except for the facade, and a new tower built up behind the existing brickwork. Something like that might work well here.

On the other hand, smaller office spaces for rent are actually what this city needs A LOT more of. There are tons of huge floor plate offices, but those looking in the 1300-2500sq foot range are struggling to find spaces. This might be what the developer is going for, by creating 2-3 smaller office spaces and leasing them quickly.