El Dorado Indooroopilly Delayed?

It appears that PCN's project on the El Dorado at Indooroopilly has yet again been delayed. On the second or third attempt, it was due to start in November 2010, but has been pushed back until 2011, according to workers in the cinema complex. I wonder if it will ever get off the ground. PCN is also developing Alderley Square. PCN did not proceed with its apartment project at Graceville. As far as I can tell, PCN has never completed an apartment project that it has attempted.