The City is looking for a developer to come in and build a mixed-use high-rise where the Parkside Hall is currently situated. The location is stellar, close to many of the amenities Downtown. Ideally this would be either an office or residential high-rise sitting on top of retail. Given that the office vacancy Downtown is still quite high (around 20%) and residential is on fire, my guess is that this project will end up being our 6th or 7th apartment tower to move forward in this latest development boom... assuming of course they find a developer willing to take it on. Another potential option is a residential/hotel hybrid (like the St. Regis or Four Seasons in San Francisco).
The only downside I see here is The Tech losing Parkside Hall, which is used for special exhibits such as Star Wars: Where Science Meets Imagination. Perhaps they could utilize our newly expanded convention center instead?