^^^It looks like they are still raising the money...
Here is a pic of the plan (looks like they essentially want to encase the whole building in glass- its very cool). I'm not sure who did the design, but the pic is from
this article.
Also, here is a
flickr of the building in 2009.
Also, this seems really great. If this gets the funding to be built, I hope it gets enough national attention to become a tourist spot that will bring out-of-towners into neighborhoods... though I wouldn't exactly call University village a "neighborhood."