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Downtown's Renaissance Tower Going Condo?

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Now this is interesting: Looking over the schedule for the next Downtown Land Use and Committee Meeting, there's mention of a proposal for a 205-unit apartment building at 501 W. Olympic Boulevard, site of the big Renaissance Tower Apartments. "Conversion of 205-unit residential apartment building to condominiums." The name listed on the application is SSR Western Multifamily LLC, and the building went up in 1994-95 and was renovated in 2000. But who knows if the building will actually convert. Earlier this year, there was chatter that developer CIM Group was taking its downtown rental building Gas Company condo, but nothing has happened on that end.
· Advisory Agency Hearing Re: 501 W. Olympic Blvd [DLANC Planning]