It's all good. Just went to an Atlanta Alumni Association event last week, spoke with Pat Whitely who is the VP of Student Affairs. Before that, she was the Director of Housing (back when I was a wee undergrad).
The were supposed to demolish Stanford first, but then they flip-flopped and did Hecht first. So now there is very little land on which to stage construction.
Complicated stuff. Even though the Towers are going away, the campus (generally) is getting taller. Everything is capped out at 7 stories, though. But we are going to have a LOT of 7-story buildings eventually.
EDIT: People have to realize, the dorms are REVENUE buildings. The dorms will pay for themselves over and over and over again. And those dorms need PARKING, which is approximately half of what will be built in front of the Wellness Center.