There was some discussion at the last council meeting that the house, if allowed to be built on Lot 12, would be roughly the same height at the base of the former smoke stack. One of the neighbors in the area sent in these photos of the base as it was being demolished. You can get a better sense of the potential views around this lot. This issue is at the center of the debate for the plat amendments requested by the developer.
Previous plans had required a view corridor that prevented any construction on the lot at the end of Commercial Street. You can read more about the previous debates here... The council is set to take a final vote to approve the amendment (and remove the requirement for this view corridor) or not at the next council meeting on Oct. 20th.