It was always the Y, not an old hotel converted into transient youth housing. That may explain the lack of opulence. The upper stories make a few gestures to the genre, but for the most part it looks utilitarian and affordable.
A reminder that not all the blank, unimaginative tall buildings were constructed in the modern era.
It's in Chicago, by the way. STill exists. The sign in the latest street view says it is renting for "Office / Medical."