We were there last week and it appears they are doing or preparing for interior renovations on two buildings. It appeared that those two buildings may be held open during this time.
No. It's not a hotel. They are condo units and sometimes go through renovations but nothing on a large scale.
Only their usual unit upgrading which you don't notice
They are condo units and they do construction, but it looks like they isolate it to one or two adjacent units to keep the noise and clutter down. I walked the entire place twice and was impressed with the planning.
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