Yes, there are two threads going on now in the Austin section covering the project. 3 of those cranes are working on the new 10-story teaching hospital. That building will eventually be expanded to 14 floors according to the site plan. That hospital will replace Brackenridge Hospital (it'll be demolished). Part of the redevelopment of that area is also going to include demolishing the Erwin Center. The rest of the area will be redeveloped with more medical related buildings. Some of them look to be over 200 feet tall from their stacking plans on the map. There's also plans for commercial office space, hotel and residential space. There's a 22-story hotel and residential building planned at 12th & Red River at the site of the old Brick Oven restaurant.
Here is the main thread covering the whole medical campus.
http://forum.skyscraperpage.com/showthread.php?t=194368
Here's the thread on the new teaching hospital with all the renderings.
http://forum.skyscraperpage.com/showthread.php?t=213131
I grabbed the renderings from this video. This shows most of the campus pretty well.
• Video Link
The video also shows the other buildings that are under construction now. One of them is a 6-story administration and education building with 85,000 square feet. The other is a 493,000 square foot building with an 8-story wing and a 10-story wing that will be for medical research and medical office space.
This is the 6-story administration and education building.
This is the 10-story teaching hospital that will replace Brackenridge.