The recently vacated and fenced-off motel at 500 South Center Street has a permit for demolition of the motel. The property recently sold, along with the adjacent vacant lot to the south, for $6.8 million. 

I'm guessing a larger multi-family project will be constructed on the vacant lot and motel site. 

The permit reads

 DEMOLITION. DEMOLISH MOTEL (27 UNITS) AND FOOTINGS. HAUL OFF DEBRIS LEVEL SITE.