'Transformers 3' takes aim at blowing up a building near Grand Circus Park

These concrete chunks are actually made of foam and will be used during filming of 'Transformers 3'.

The latest word says this building will not be blown up.

(UPDATED SEPT. 14) – On the lot that once housed the famous Statler Hotel, only a lone four-story building remains. It stands empty, inside a curve in the People Mover track and neighboring a grass and gravel lot that in recent months has been often used by movie companies to store cars ('Street Kings'), tanks ('Red Dawn') and other large props.

These days, in this triangular parcel between Washington and Bagley just across the street from Grand Circus Park, crews from 'Transformers 3' have been working.

Enormous chunks of fake concrete (made of foam) are piled in one area, and banged up cars line the side of the little four-story building.

It's been rumored, though, that the little four-story building might soon take a lead role in the filming of 'Transformers 3' when it is blown up during filming of one of the movie's scenes. Not true, according to a source in the know. While that might change any day, the deal to blow the building up has not been finalized.