It's all being knocked down. HHNRumors/ParkRumors has a great post about it. The permit's fee was $116.50. For demolition of a building, the fee is $50 dollars for the first 1,000 sqft. After that, each 1,000 sqft is $3.50.
116.50-50= 66.50
66.50/3.50 = 19 = 19,000 sqft
19,000 sqft + 1,000 sqft = 20,000 sqft
The area of SS44 is 20,000 sqft. The building will be coming down in the next few weeks.