The address (2515 Mountain Road) corresponds to the Days Inn at Magnetic Hill, which is right next to the eastbound on/off ramps from the TCH. The developer (SAMM Developments) actually owns the Days Inn.
One wonders what is going on. Is this simply a proposal in order to gauge interest? Is this an actual plan? If so, are they tearing down the hotel (it is very old), or , a portion of it? This raises a lot of questions.
At some point something will have to be done with the Days Inn, It is in serious need of refurbishment or repurposing..
You are quite right in noting that we have no idea how old this posting is. Some pages on the internet live on forever and will never die. Maybe this page is no longer relevant.