As noted in the main Freddy thread, construction fencing has gone up and foundation excavation has started.
Looks like they are storing the excavated dirt on the side of the other building for now.
Note how the fence is angled at the corner near the Rookwood/Waggoners corner. I think the city is going to start the roundabout this summer as well. That's going to make that corner very busy this summer.
I'm not sure when the other building is due to be emptied out; but I suspect it will be torn down by the end of the year to start site prep for the second tower.