Atlantic Avenue Stamford Building is set for demolition

This Atlantic Avenue building is to be demolished 

I visited downtown Stamford this morning and noticed that a building located on Atlantic Avenue between the Bank of America building (located on the corner of Broad Street and Atlantic Avenue) and the Palace Theater is to be demolished.

There are signs in the ground floor windows of this four floor building giving notice of demolition.

The building (21-27 Atlantic Avenue) formerly housed a number of restaurants and commercial spaces.

Does anybody know what the plans are for the property?