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An initial report that Equity Residential planned condos for the not-long-for-this-world Gold Leaf Studios and BicycleSPACE space were condos has been disproven; Equity is an apartment developer, and according to head of investor relations Marty McKenna, will be building 162 new rentals at the cost of about $57 million. Given that the current tenants have been told to vacate by January 31 of next year, construction will likely start soon after.