Land grab la madera condos

I'm not quite up to snuff on what this is about. Could you provide a summary of what is happening? Are plans in the works to construct a condominium complex on Madera Beach? Say it ain't so! We love staying at Aura del Mar and hanging out on the beach or strolling Paseo de Pescador to town or dining at the lovely nearby restaurants. In relation to, e.g. Bistro del Mar, where is this being proposed. Thanks