When we last stopped by 27-05 41st Avenue in November, we noted that construction had just started reaching over the fence.1 When we stopped by last week, we saw that steel beams are being installed for the second floor, as seen in the photo below. The original timeline for the project was December 2014 according to on-site signage.
No word on the new timeline for the project.

A view of 27-05 41st Avenue