GRAND RAPIDS, MI -- A developer has dramatically changed plans for what would have been the tallest building in Grand Rapids.

Instead of a 42-story tower at 10 Ionia NW, the Hinman Company has now drafted plans for a 13-story building at the site, according to public filings with the city's Historic Preservation Commission.

"We continue to be committed to developing a great project on the 10 Ionia site. Many factors impact the potential development of any property and 10 Ionia is no different," Hinman Company President Roger Hinman said in a statement.

The Portage-based development company turned heads in 2016 when they submitted plans for a 418-foot-tall, $90 million tower, which would have become the tallest building in the city and among the tallest buildings in the state.

Now the Hinman Company is proposing a 162-foot-tall, flatiron-shaped building at 10 Ionia NW -- almost the scale of the building that used to occupy the 11,000-square-foot lot that sits just east of Van Andel Arena, wedged between Ionia and Louis Street.

The developer is proposing similar materials for the 13-story building as were originally proposed for the 42-story version: a combination of glass and concrete walls. As initially proposed, Hinman had envisioned a 140-room hotel in the first 10 floors and 255 market-rate apartments upstairs.

A hotel is still planned for the building -- but the developer is no longer planning to build the apartments that were once proposed for the project.

"After several years of planning and due diligence, the apartment portion of the 10 Ionia project is being removed from the building. With thousands of apartment units recently built, under construction, or planned, it was necessary to revisit this part of the project in response to market pressures," Hinman said in a statement. "We evaluated a reduction in apartment floors or alternate uses, but the size and shape of the site does not work well for office and we lost the benefit of cost efficiencies of providing a second set of infrastructure (elevators and building systems) when we reduced the number of apartment floors."

Before being torn down in the late 1970s, an 11-story building used to occupy the site. Initially built as a shoe factory, the 19th-century brick and steel Rindge Building with a pentagonal base later was converted into a furniture exhibition building, according to the Grand Rapids Historical Commission. Later on, the nearby Morton House owned the building and used it as a parking garage.

It's now a parking lot.

The tallest building in the city are River House Condominiums (406 feet); Plaza Towers (345 feet); the Amway Grand Plaza Hotel (318 feet) and Bridgewater Place (272 feet), according to the city's planning department.