The project is still alive.
I wish there were additional renderings and more details on the site plan. The plans have changed significantly in terms of the commercial space, and I'm very interested in how the southern 3/4 of the block will look, as the tower only occupies the northern 1/4. According to the following link:
1) commercial space has been increased from 4,500 sq ft to 30,000 sq ft
2) commercial space will be located on the ground level of the parking structure
3) SmithGroup has the option of splitting the tower in two and phasing construction
https://www.phoenix.gov/publictransi...T%20110614.pdf
Timeline:
18 months to commence construction (from November 2014, if I am reading correctly)
30 months to complete construction