Count me as another who might prefer the original design. I'm new to imagining how a rendering might look as an actual building, but it seems to me that the residential design was more appropriate for the modest footprint and that that new design is trying to do too much with too little space.
Here are two shots from above that give some additional perspective as to the footprint. The rendering suggests that the parking garage on the left (with the park-like roof) is staying, as is the alley next to the little brick building on the right (which contains Salt House, a tasty restaurant). That's not a lot of space, particularly when compared to its two major neighbors, including 555 Mission.