Beautiful day to go out for a walk, midmorning and check things out.

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Yes, correct. The sales pitch for why it was to be made a surface parking lot is because it will allow for the eventual redevelopment of Ceasars, by combining Ceasars with this surface lot, there will be enough tower separation to allow another building on the block.
 
I'm actually happy they're building something less prominent than the original design considering their penchant for mustard coloured stucco and navy blue spandrel. That original design would have permanently dated / tainted the skyline with 2008 Pomo.
 

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