Yeah, that's it. Jason Fane owns it (and the whole site it's located on). His original plan was to turn it into condos. Not sure what happened to that plan if he's rehabbing it into apartmants now. I bet there's a pretty nice view from the upper floors though.
Here's an article ref: a meeting on the proposed new hotel for Inlet Island:
http://www.zwire.com/site/news.cfm?n...d=216620&rfi=6
Might take a little while to download.