A new development permit for the south block of The Bow project could be filed this year as owners of the property across the street from the tower continue to discuss possibilities for the site.
Original plans for the project included a smaller office building housing office, retail and arts and cultural space in about 200,000 square feet. It was to be a seven-storey complex to be built where the historic York Hotel formerly existed and the complex was to be built using bricks taken from the demolished hotel.
In 2009, plans for the smaller tower were shelved due to tough economic times. But they were revived again in early January 2011 after the city received a development permit application for a 12-storey building to be called 600 Centre.
Development on the site is in a holding pattern.
Jack Matthews, president of Matthews Development which was in charge of constructing The Bow, said potential development on the south block site could take about two years to be built.