This project will probably be worthy of its own thread when we get more info.
A while back there was some talk about the the Horizon bank site at 5th & Nueces being redeveloped. That faded away, but this past Wednesday a site plan was filed for "Replacement of current bank with a multi-story office building" at the site. The site is not in a CVC.
Here's the site plan:
https://abc.austintexas.gov/web/perm...ertyrsn=128678
The location on Streetview: