Good size for the small lot. If it's a Vranich though, there's a chance it will end up being taller.
There are already some good restaurants between Queen and Bay; hopefully they survive the construction, and the city needs to do everything it can to preserve pedestrian access.
It's always been odd (but unfortunately too common for Hamilton) that only the one side of the street has had that many businesses. I can't recall what may have been on the south side, before Hortons and the food mart were built, aside from the used car lot and loans place at the SE corner at Caroline... I imagine the streetwall was at one time more like that of the north side of King (especially the Caroline-Hess block)