(I may have to stop calling it "funnyvale")--
Here are some recent pics of the Sunnyvale Downtown project... In a couple of them, you can see how a significant portion of the project will have 4 stories of residential on top of two floors of retail. It looks to be "Santana-Rowish", to those of you familiar with that project in San Jose. At the very least, it's urbanish in the sense that it's heavy on mixed use and a new degree of density for Sunnyvale. It is just a block away from the Caltrain station, btw.
I'm not worried about the delay--it doeasn't sound like a construction delay, rather a leasing/grand-opening issue. Most of the exterior structures are already completed.
I also just came across this live webcam which illustrates my point even better!