The article doesn't specify that it will open to commercial zoning. Just that there is no limit to residential. So if someone has the capital there is no height limit to build in a residential area... I don't see much changing here. Most people won't add on a second, third, or fourth floor.
New builds however...
¯\_(ツ)_/¯
In this episode of The Scoop, host Frank Chaparro spoke with crypto researcher Mika Honkasalo, who appeared on the podcast to provide a detailed look at how the UST drama is unfolding.
https://youtu.be/isCqTarGNds?si=E2pe9WShuTl6DNsT