It's on the park side, east of Moonspinner. As I recall, it wasn't as tall as Moonspinner & it was just one building. There wasn't any kind of sign out on the road saying what it was going to be, but that was back in November, so maybe a springbreaker will have a progress report when they get back!
If it's new condos, we'd love to stay there 'cause we really enjoy the park. Last time we were there on the pier, we watched a guy throw a net off the pier & pull up about a dozen big mullet!