Sorry to be back with more but I've noticed lots of comments that still don't believe that Pegasus is the site of construction so here's more stuff for the doubters.
Earlier today this thread was posted https://voat.co/v/pizzagate/1542160 from @starseedlover. Within the photos were a few irrefutable occurrences that prove that the former Paper Sun building, now believed to be called Pegasus is the site of the construction pictures.
Here is the original construction picture, I have circled the evidence in Yellow http://imgur.com/a/pAmTL
Here is a pic from the Paper Sun photos to compare http://imgur.com/a/vJKw6
Now, here is the wider construction pic with evidence ringed in yellow and red http://imgur.com/a/qIfkG
And a pic from Paper Sun showing the same graffiti https://snag.gy/wEkxny.jpg
And a pic showing the triangular staircase that would just about be visible from in the other room http://imgur.com/a/5Qd0P
Further, a post from the instagram of Little Red Fox of a music performance inside Paper Sun/Pegasus where they call it "Square Forms new gallery" (Obviously Alefantis owns the building, I guess Square form rent it from him, or did at least) http://archive.is/sboBT
Why is this important? It was a building that was kind of kept quiet. It's a large space, and it also has a confirmed basement https://i.sli.mg/3cl2Sy.jpg (thanks to @redditsuckz for that one). Those things don't necessarily mean anything is happening there but at least we have some loose ends tied up.
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YingYangMom ago
Thank you OP! This just about proves that the digging site is inside Pegasus. The missing piece has finally been found. Great job!
So this must be on the first floor because of the door in this picture here: https://sli.mg/8m3Qo4
Would make sense, since the digging that took place here : https://i.sli.mg/btmpsd and here: https://sli.mg/WXNVRe proves that Pegasus basement is somewhere other than under these floors. Have they widened the Pegasus basement with their digging? Because according to this document https://i.sli.mg/3cl2Sy.jpg the basement is only 608 sq ft and the building size is 1248 sq ft. So, this would mean that they have widened the Pegasus basement. Perfect for a secret underground room, no? Especially one that's not registered...
Yuke ago
See my update, I don't think this is the same place any longer.