Definitely a sign of confidence for downtown and overall really exciting news. But I agree that I wish this could've been a tower of similar height to The Parks development going on across the street. Or at least a tower of some sort that could have added to the skyline.
No complaints from me though, design is safe but pleasant, and getting rid of some old dilapidated buildings, especially in the core, is a huge win. I can't wait to see what the area looks like in 5 years from now. Could be a real happening place.