
I think you're right. I do remember Lamar Savings making a big deal about the project. It was even the cover of one of our employee newsletters - The Lamar Leader. We employees were very excited about the new building but things just kept getting delayed and delayed some more. I remember asking my boss one day what the holdup was and she said it had something to do with a skybridge over Guadalupe. At the time I thought the skybridge would connect the hotel and the main tower, but now that I think about it, I'll bet it would have connected the parking garage with the main tower.
It wasn't too long after this ad appeared in Texas Monthly (September 1985) that our CEO Stanley Adams, Jr. was forced out by federal regulators. His last day was December 31, 1985. There was some kind of arrangement where his three children - Hazel, Naomi and Stanley Adams III would be principal owners.
We limped along for another two and a half years before being shut down by the FSLIC and turned over to Southwest Savings of Dallas on May 18, 1988.
Here's something else I found in the September, 1986 issue of Texas Monthly called
Shoot-out at First & Congress that has a photo of 100 Congress and One Congress Plaza under construction.
And check this out from Texas Monthly - June 1982. There's an ad and a rendering for a proposed residential project (two 21-story towers) on an island in Town Lake at the foot of the Congress Avenue Bridge called
Watersmark
This one isn't even listed over at Emporis under the never-built category, unless I missed it.