Got back last week. Didn't stay at Isaac, but always drop in to see them.
Yes, there are some villas being built, but I certainly heard no noise from the Isaac.
My wife thought I was mad taking this photo...click it for a larger version..
Have to add that these works can't generally be seen from the Isaac either, unless you have a room overlooking them directly. I had to go up the road, as you can see, to take the photo.

Hope this helps
Ady