This CVC map from the 705 East zoning change hearing with the Planning Commission really shows how this drab, underutilized area across 11th St. from the Sheraton could change.
The 30-story 700 E. 11th residential tower is the area outlined in orange to the right.
The "up to 45-story" 610 East mixed use project is the area outlined in orange to the left.
The 705 East project which could be a decent 75' to 100' mid-rise is outlined in yellow.
The 32-story Hotel Mirabeau is the area outlined in blue labeled CBD at upper left.
And of course the Brackenridge Tract is adjacent to this area and the updated version of One Two East (The Huston) is directly across I-35.
http://www.austintexas.gov/edims/document.cfm?id=280139