Demolition of the old industrial buildings on the site is expected to begin soon.
Sources: https://ggzyfw.beijing.gov.cn/jyxxzbjggg/20201020/1229036.html and https://m.weibo.cn/status/4565022342391619 and https://mp.weixin.qq.com/s/IyyeUAmrpVVJvbLJMQZA9A