Wow! I'm surprised by this proposal (especially by its height).
I like what's happening at the lower section - bring the building out to the street with a mid-rise podium and putting retail and some landscaping along Gladstone, with the MUP on the west side of the O-Train tracks. It's a significant improvement to the area now, which is all asphalt hardscaping. I like the restoration of the Bread Factory. I don't know about the need to connect it to the station (and I would prefer the station plaza that the City recommended).
I wish they showed other angles. I'm not completely into the surface parking they placed on Loretta, and I feel like the underground parking right at a transit station is too much (and may affect Gladstone more).
I wish they would preserve this building, too.
All in all, I kind of like this. It's a good example of mixed-use, transit-oriented development.