There is an application to the Heritage board to modify 56 King Street, adding an additional entrance to enable access to the upper floors and making changes to some of the windows.
This appears to be part of a project to convert the building's non-ground floors to residential use. I am not familiar with all the buildings along King Street, but I believe this is one of the last vacant buildings, so it is a positive development. I believe CDH last occupied the ground floor.
The rear of the building, as seen from the city parking lot, is in poor shape and home to a large population of pigeons, the last time I was back there.
Just down the street, 40 King Street continues to see activity. I have watched the same group of half a dozen guys continue to tear apart the inside for two or three months now.