I think this building will be a part of gentrifying the "blight" away.
I don't know if that's the goal. I feel like it might be more about permanently entrenching the current situation by adding a veneer of normalcy/legitimacy to it all. So that it looks less like a neglected no man's land, but otherwise continues basically as is. Methinks the other towers on Pandora would be elements of this same effort.
Here's the thing: if the authorities are going to continue to pursue orchestrated chaos re: addiction, homelessness, etc. in designated districts then this actually might not be a bad direction for the Pandora scene. It could end up functioning as a kind of compromise whereby the self-destruction and all of the other bad stuff is still there, but the bad stuff no longer dominates everything else like it has for the past several years. A prettier, kinder, cleaner, safer, and more inclusive kind of no man's land, if you will.