UPDATE: It turns out that despite the 120-foot height maximum of the zoning change achieved by this property, the ERC development bonus program doesn't supersede the height limits of this area's Waterfront Overlay district imposed by its proximity to Lady Bird Lake -- meaning the maximum height of new development allowed here will be 96 feet. We promise you won't notice the difference.
A significant 2.6-acre parcel on East Riverside Drive near I-35 overlooking Lady Bird Lake and only a stone's throw from downtown Austin could soon rise . . .