It appears that the Air Jordan 1 "Black Toe" is releasing again in 2016 after a brief hiatus from retail shelves. This colorway of this sneaker last released in May of 2013.
The new version of the shoe will mark the first time this colorway has released in the "Remastered" period of Air Jordan retros, meaning that the shoe should feature a shape closer to the original version than that of previous pairs.
It looks like the shoe will also come laced in the same way that the recent "Banned" and "Chicago" Jordan 1s have, with just one lace hole filled at the bottom of the eyestay.
Word has it these sneakers will release in November, 2016.
Air Jordan 1 Retro High OG "Black Toe"
Color: Black/White-Varsity Red
Style #: 555088-125