With a hotel deal signed, a contractor on board, with 150 or so purchasers committed with deposits, and with engineering and architectural schematics proceeding, the evidence overwhelmingly points to a condo tower soon to be built on this site.
History shows that more developers build buildings for profit than build them to set height records. And economics demands that only an idiot would walk away from a project just because it has to be modified to suit the market demand. Meeting market demand is what developers do. Far from being an idiot, Tony is extremely bright. This project could conceivably wind up being a smaller than currently planned, but some version of it will get built--otherwise Tony and his team would be walking away from a pile of profit.
Every project ever built had a start date announced. Virtually every project built had some construction delays. The choice is to positive or negative when those things happen.
So it seems quite unwarranted, IMO, to predict the whole thing will fall through when all the ingredients are there for a project to get built, merely because of typical delays.
At this point we certainly have more reasons to believe the boosters than the pessimists.