Building In Front of CBD Terminal

Months ago, I was so curious with the on-going construction in front of the CBD Terminal which is purely made out of steel. It seems so stiff that all you can see are equally measured compartments. Now that the building is nearly done, it looks nice and attractive with the color of yellow and tangerine. Can you notice that almost all of the rooms (except for the ground floor units) have window type air conditioning units? I was looking for the billboard or sign which says the "On this site will rise the _____" but I didn't see any (or maybe na overlook ko lang). My guess? It's a hotel, may be a dormitory or any similar type of business establishment. If anyone knows what it is.. please feel free to post on the chatbox or comments area. Thank you!!