^^^^^^^^^^^^^^^^^^^^Maybe for the long-term, but I don't think that means development is imminent in the next couple months. The website:
www.californianrinconhill.com has been up for about a year or so, and we all know what has transpired with that development so far (nothing, except for the recent demolition).
I'd like to think that 45 Lansing will begin very soon and it might. However, with the grave uncertainty in the housing industry at this moment, your guess is as good as mine.