By the way, it looks like it will cannibalize 3 buildings on that block. The one on the corner which is the largest, then two more to the west of it. The farthest west building on the block would remain. The southern end of the block wouldn't be affected by the project. An alley would separate it from the project.
By the way, here is the video for the planning commission meeting. Again, it's Item 9.
http://austintx.swagit.com/player.php?refid=11102009-63
They said they wanted it to step back from 5th Street, but that's the one place this tower should be flush up against. And it will be far more pedestrian friendly and attractive than the brown Chase Bank parking garage across the street. All in all, I think this is a decent project. I really like the green elements. We do need more of that. That block will probably have more vegetation on it with this tower than it had before it! More green vegetation equals cooler temps and a softer environment. I also like the base, and I'm interested in seeing more detailed renderings that show the overhanging cantilevered tower.