This one has been under construction for several months. A tower crane should be up soon. The design appears to be the same as before with a height roughly comparable to neighboring Skyline Tower, which is 778 ft.
Between this, the Jackson Ave Tower near Queens Plaza, the former Toyoko Hotel project, Jackson East/West, and the other towers under construction along Jackson and nearby, LIC's "downtown" is getting serious density.
Here is a shot I took of the construction fencing a few months ago.