[LoneStarMike]

Originally Posted by KevinFromTexas

And check this out. This building is clearly standing on the foundation where the Hope Gallery is on Baylor Street. I had always heard that the foundation was finished, but that the building itself never started. This shows it in place. I wonder why they demolished it.

From an old Austin Chronicle article

It's ironic that the Baylor Street walls are the foundations of a would-be condo, stalled after a botched soil test decades ago and again recently when the housing bubble burst. Although, "it's very likely something will happen soon," Clark said.