They're starting to make some real progress tearing down the old movie theater on Rodney and Broadway. My guess is that it's making way for condos. The odd thing is that I think the location is pretty bad for condos as the location kisses the elevated J line on Broadway, so if you have windows facing the street you'll be able to see the J train from your kitchen.
Collaged from a series of photos from January 8, 2006.