Luxe Austin Homes - skyline

"Related Cos. envisions high-rises in mixed-use hub along South Congress"

Austin Business Journal reports, "a New York-based real estate development firm is planning to transform a 6-acre site at the intersection of South Congress Avenue and West Riverside Drive with high-rise towers — the latest indication that Austin's downtown skyline is poised to expand across Lake Bird Lake.

The Related Cos. wants to establish a planned unit development with a maximum building height of 575 feet, or about 50 stories. The multitower project would include approximately 800 residential units, as well as a 225-room hotel, 200,000 square feet of office space, 90,000 square feet of retail space, 30,000 square feet of space for restaurants and a 25,000-square-foot grocery store, in addition to an underground parking garage, according to…

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"Guess which downtown Austin high-rise with a posh private club has a new name?"

Austin American-Statesman writes, "Chase Tower, a high-rise that looms as a 21-story landmark in downtown Austin, is getting a new name.

The name — Procore Tower — was revealed Wednesday. An unveiling event featured a 4-foot-tall cake replica of the building at 221 W. Sixth St., between Colorado and Lavaca streets.

It's being named after Procore, which provides construction management software. Procore leases eight floors —almost 107,000 square feet of space — in the building. The tower, which has undergone multiple changes of ownership and renovations since being completed in 1974, is owned and managed by CIM Group.

Los Angeles-based CIM co-owns the tallest completed building on Austin's skyline — the 58-story downtown high-rise named the…

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"Nearly complete, Sixth and Guadalupe skyscraper takes Austin skyline to new level"

Austin Business Journal shares, "the end of construction is in sight for the Sixth and Guadalupe high-rise. But already, the view from the top of Austin's tallest building is unlike anything else in the city.

The 66-story mixed-use tower, which broke ground in 2019, could welcome its first apartment residents in October, said Tony Curp, senior vice president of development at Kairoi Residential. Sixth and Guadalupe is being developed by Kairoi, which is handling the residential portion; Lincoln Property Co., which is handling the commercial portion; and investor DivcoWest. The tower was designed by Gensler and JE Dunn Construction Group is the general contractor.

Curp this week hosted Austin Business Journal on an exclusive first-look tour of…

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"The Supertalls Are Coming to Austin"

Bloomberg.com writes, "the city of Austin is building up, and its once-modest skyline is getting weird.

Due in 2026 is a mixed-use high-rise called Waterline, designed by the New York firm Kohn Pedersen Fox. At 1,022 feet, the building qualifies as a “supertall,” one of just a handful of these spectacular skyscrapers in the US outside Chicago or New York City. When it’s finished, the project will rank as the tallest building in Texas. Designed like a stack of several different buildings, Waterline will stand out on a skyline that’s growing up faster than almost any other nationwide.

But it won’t stand alone. Groundbreaking is due this year on an even-taller supertall, the Wilson Tower. Wrapped in a dusky golden brise-soleil running the length of…

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"New 43-story tower breaks ground in Austin's Rainey Street district"

Austin American-Statesman reports, "a 43-story apartment tower is the latest high-rise to start construction in the booming Rainey Street area in downtown Austin.

High Street Residential, along with MSD Partners and River Street Partners, said started construction has bgun on the tower, which will rise 500 feet at River and Rainey streets on downtown's southeastern edge. It will have 377 upscale apartments, ranging from studios to three-bedroom units and penthouses.

Called 700 River (initially River Street Residences), the tower will include 3,400 square feet of retail space and more than 30,000 square feet of amenity space, according to the developers. The high-rise is due to be completed in late 2024.

The project is part of wave of growth…

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Here’s Our First Look at the Two Towers Headed for Block 32 in Downtown Austin

Updates to the site plan for the Block 32 tower project now working its way through the city’s permitting process offer us a closer look at the two towers set to rise atop a half-block at East Third and San Jacinto Streets in downtown Austin — and although our city is pretty spoiled for impressive new buildings lately, these plans show a pair of towers with a design that should prove remarkable on the skyline. We now know the developer behind the project is Austin’s own Manifold Real Estate, which has quite a few projects cooking at the moment, though Block 32 could become the largest yet. 

The two towers would rise at the half-block bound by San Jacinto Boulevard, East Third, East Fourth, and Trinity Streets directly west of the Austin Convention…

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Grand plans, deep-pocketed backers revealed for what will be tallest building in Austin — and all of Texas

The skyscraper being constructed at 98 Red River St. in downtown Austin, which is set to be the tallest building in both the city and state when complete, finally has a name: Waterline.

In addition to its official moniker, the development team revealed Sept. 6 a slew of additional details about the project, which is set to take the skyline to new heights. That included a breakdown of space within the hotel-office-residential tower and community benefits like pedestrian access and a seven-figure donation to the nearby trail system.

"Downtown Austin offers one of the most dynamic markets and skylines in the nation, and we're excited to help drive its ongoing transformation," said Seth Johnston, senior vice president in Austin for Dallas-based…

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Austin high-rise plans preserve Old Depot Hotel

In Austin, the more things change the more they stay the same.

While Stonelake Capital Partners is about to add another high rise to the Austin skyline, the company is set on preserving the historic Old Depot Hotel next door. This week, the Austin Design Commission recommended the project for a downtown density bonus, which lets buildings rise taller than is typically allowed, the Austin Business Journal reported.

To qualify for the Downtown Density Bonus Program, a project must either incorporate affordable housing or pay a fee. Stonelake has opted for the latter — to the tune of $4.5 million.

The commission vote comes a little over a year after Stonelake first unveiled plans for the site that many know as the old home of Italian…

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