Hotel Palacios - Calle Adelita

Is the Hotel Palacios still closed? If so, does anyone know whether the property has been sold, and if so, the plans in store for it, if any?

Also, there was a banner advertising a proposed condo across the street from the Palacios last March. I see nothing online about it. Did they ever break ground?

Thanks

It's my understanding that the property has been sold, and it's currently being restored instead of being torn down and replaced.

The other condos have so far not been built.