I don't believe it has been chopped down to 9 stories. Think about it for a second...this is going to be a very thin structure. How would they accrue enough revenue to make it a worthwhile investment with only 20 rooms (notice only three floors of guest rooms).
The proposed plan presented to the City was for a hotel with 130 rooms; fitting within a thin, 26-story building (~6-7 rooms per floor; ~20 levels of guest rooms).
The developer would not have incurred the time and money to obtain a 13:1 FAR and CBD-CURE designation for a 9-story building.
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AUSTIN (City): 974,447 +1.30% - '20-'22 | AUSTIN MSA (5 counties): 2,473,275 +8.32% - '20-'23
SAN ANTONIO (City): 1,472,909 +2.69% - '20-'22 | SAN ANTONIO MSA (8 counties): 2,703,999 +5.70% - '20-'23
AUS-SAT REGION (MSAs/13 counties): 5,177,274 +6.94% - '20-'23 | *SRC: US Census*
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