Per the plan review for the Circles on Central project, #15-2742, of which there is only this review.
Quote:
PROJECT DESCRIPTION: CONSTRUCTION OF A NEW 19 STORY TYPE 1 HIGH RISE FOR 312 DU FOR APPARTMENTS, THERE IS AN EXISTING BRICK
STRUCTURE (CIRCLE RECORDS BUILDING) A PORTIONS OF THAT BUILDING IS INTENDED TO BE FOR AN ADAPTIVE REUSE AS NOTED.
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So part of it is getting demolished, another part will live on.
Incidentally, I'm baffled at the constant typos in these permits.