The proposal is to add 2 additional storeys to the existing commercial building; the plan calls for 7 rental apartments in total and a reduction in commercial space on the first floor (but not its elimination). I assume that they'll place one apartment on the ground floor and 3 apartments on both the second and third floors. See https://tender.victo...130113108219653 .
And here are a few of the elevation renderings from the official plans (just loaded today).