I don't believe it has been chopped down to 9 stories. Think about it for a second...this is going to be a very thin structure. How would they accrue enough revenue to make it a worthwhile investment with only 20 rooms (notice only three floors of guest rooms).
The proposed plan presented to the City was for a hotel with 130 rooms; fitting within a thin, 26-story building (~6-7 rooms per floor; ~20 levels of guest rooms).
The developer would not have incurred the time and money to obtain a 13:1 FAR and CBD-CURE designation for a 9-story building.
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AUSTIN (City): 993,588 +3.30% - '20-'24 | AUSTIN MSA (5 counties): 2,550,637 +11.70% - '20-'24
SAN ANTONIO (City): 1,526,656 +6.41% - '20-'24 | SAN ANTONIO MSA (8 counties): 2,763,006 +8.01% - '20-'24
AUS-SAT REGION (MSAs/13 counties): 5,313,643 +9.75% - '20-'24 | *SRC: US Census*
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