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The Easter Bunny Cometh: Resurrection at the Californian?

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According to a trusty informant, notices have gone out to Rincon Hill residents regarding a "proposed 3 Lot merger, and 70 units new construction on Fremont St between Harrison and Folsom." Is the beleaguered Californian rising again? Recall The Californian on Rincon Hill: proposed for 375 Fremont Street, the building was to be a 40-story, 435 unit condo conglomerate designed by Cal architecture professor Richard Keating. Glass, views, the usual. Delay after delay led to, well, nothing— the hand basket landed in hell back in October. Happy Easter, condo lovers.
· CondoWire: Esprit, The Calfornian on Rincon Hill, City Walk [Curbed SF]