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43 New Towers Coming Soon In or Near Downtown Austin

43 New Towers Coming Soon

In or Near Downtown Austin

 

44 East Ave.

 

Developers have plans for an unprecedented number of downtown high-rises — so many that the Austin skyline will be nearly unrecognizable in the near future.

Builders are bolstered by news that Austin ranked as the most recession-proof large city in the U.S. They’re emboldened by the fact that corporate relocations are coming at record levels. And they’re giddy that 2021 is expected to be a banner year for population growth, with experts projecting the Austin housing market will be the nation’s hottest in 2021.

In the middle of it all is Austin’s Central Business District — downtown. We decided to take a fresh look at all the towers either going up or firmly on a drawing board. ABJ estimates there are at least 43 towers planned or being worked on downtown or just outside it, up from the 37 we counted about 10 months ago just before the pandemic took hold.

Of the 37 projects reported last year, one was scrapped that had been proposed next to Austin’s downtown homeless shelter. That means that during the recession, seven new towering proposals have hit our radar.

2020 was a bit of an odd year for downtown construction — no major projects of note were delivered. But that drought will soon end. The first big, new building to come online will likely be the 32-story Marriott hotel at Cesar Chavez Street and San Jacinto Boulevard in March. The 36-story Indeed Tower is expected to open a few weeks later. The Austin Marriott Downtown and 300 Colorado are also on the verge of opening.

Downtown Austin, in all, has about 3.5 million square feet of office space under construction or in development, according to CoStar Group data — more than one-third of the 9 million square feet of office space underway across the entire metro. The downtown Austin submarket also has about 2,500 apartment units underway, or about half of the city’s current inventory. Only one submarket in the United States — Washington, D.C. — has more apartment units under construction.

Below, check out the high-rises expected to spring to life in the next few years — as well as the companies that are bringing them to fruition.

 

FINISHING TOUCHES BEING PUT ON THESE TOWERS 

1. 405 Colorado (405 Colorado St.)

This 25-story office building at Colorado and Fourth streets is almost ready for delivery. Almost half of the building was leased in March 2020. Brandywine Realty Trust, the building’s developer, is marketing the property to prospective tenants. The office tower is on track to open in early 2021. Also working on the project are Duda/Paine Architects and JE Dunn as the general contractor.

2. 300 Colorado (300 Colorado St.)

This 32-story tower at Third and Colorado streets was in 2018 leased entirely by oil and gas company Parsley Energy. But it’s unclear what will happen now that Parsley has been acquired by Irving-based Pioneer Natural Resources and shuttered its Austin offices. The development was helmed by Riverside Resources, Cousin Properties and Ironwood Real Estate. Kendall/Heaton Associates is the architect of record and Holder Construction and DCA are the contractors.

3. Indeed Tower (200 W. Sixth St.)

April 2021 — the month this 36-story high-rise is scheduled to open — is about three months away, which means tenants such as jobs website operator Indeed Inc., the tower’s namesake and largest tenant, as well as Heritage Title and Brown Advisory can move in soon. The exterior of Indeed Tower, located at the corner of Sixth and Lavaca streets, is complete – only a few finishing touches remain in the high-rise’s interior. The 717,000-square-foot was designed by Page and DPR Construction was the general contractor.

4. Austin Marriott Downtown (304 E. Cesar Chavez St.)

Austin’s newest towering hotel is expected to be christened in March. The 32-story, 613-room Austin Marriott Downtown is almost ready to open its doors next to the Austin Convention Center. The new hotel will feature 65,000 square feet of entertainment, exhibit and meeting space. DPR was the project’s general contractor and HKS Inc. was the architect. ABJ originally reported the hotel would open in the summer of 2020, but the opening was pushed back due to Covid-19.

5. The Quincy (93 Red River St.)

The Quincy, a 30-story apartment and office tower, is almost ready for delivery. Office space will be ready for tenant improvements in February and a full opening is slated for July. Designed by Ziegler Cooper Architects, the tower will have 347 apartments, 78,000 square feet of office space and 10,545 square feet of retail space. Rogers-O’Brien Construction Company Ltd. was the project’s general contractor.

6. The Thompson (501 Brazos St.)

A team lead by Magellan Development Group has this 32-story, 719,752-square-foot mixed-use high-rise nearly ready at 501 Brazos St. The project includes apartments — called Sienna at The Thompson — and a hotel under the Thompson and Tommie hotel brands. Sienna is on pace to open in summer 2021, while the hotels may come online in late summer. The development team includes Magellan, Wanxiang American Real Estate Group of China, Geolo Capital, bKL Architecture, Ryan Companies and Endeavor Real Estate Group. Expect 323 apartments, 411 hotel rooms and more than 8,000 square feet of ground-floor retail space at this building.

7. 6 X Guadalupe (400 W. Sixth St.)

Austin’s tallest tower will reach 66 stories once it’s completed. Construction is already underway at 6 X Guadalupe, located at the corner of Sixth and Guadalupe streets. An Extended Stay hotel was demolished on Oct. 29, 2019, meaning construction has been ongoing for almost 15 months. The building, according to Lincoln Property Co., is “on schedule as planned,” with tenant finishes set for the first quarter of 2022. The temporary certificate of occupancy for office space should be issued by the first quarter of 2023. Most of the building will be dedicated to office space — 589,112 square feet, to be exact — but it will be stacked between 349 luxury residential units and about 10,000-square-feet of ground-floor retail. Bringing Austin’s tallest tower online are: Lincoln, Kairoi Residential and DivcoWest (developers); Gensler (architect); and JE Dunn Construction Group (general contractor).

8. Google tower (601 W. Second St.)

Block 185, as it’s called in development circles, will certainly be one of the more noticeable buildings in Austin’s new downtown. Trammell Crow Co.’s 35-story building on the downtown Austin waterfront will look like a sailboat once it’s complete. The building, which is fully leased by Google, is expected to open during the second quarter of 2022. Google expects to move into the building, located at the corner of Cesar Chavez and Nueces streets, at some point in 2023, according to prior ABJ reporting. At 810,000 square feet it is Trammell Crow’s largest project in Austin. Also working on the project are Pelli Clark Pelli Architects (tower design) and DPR (general contractor).

9. 44 East (44 East Ave.)

About half of the 309 units at this 49-story condo tower have already been sold. 44 East, one of the few residential towers currently under construction downtown, is expected to fully open at some point in 2022. Intracorp Projects Ltd. is the developer, Flintco is the general contractor and Page is the architect, while Urbanspace is marketing the condos.

10. Natiivo (48 East Ave.)

Construction is well underway at Natiivo, a tower devoted to short-term rentals. The 33-story residential tower at Rainey Street Historic District has 249 for-sale units. Those units could then be made available as rentals whenever they are not being used by their owners — and owners must limit their time in the units. Developed by Pearlstone and Newgard Development Co., Natiivo also involved STG Design as architect and AECOM Hunt as general contractor. NGD Homesharing will manage the building, which is scheduled for a fall 2021 delivery.

11. UT innovation district building (Red River and 12th streets)

Construction began in 2019 on a 17-story office tower for the University of Texas at Austin. The 324,000-square-foot office tower designed by Gensler will rise on the old Brackenridge hospital campus. The building is expected to be completed by the spring of 2022. ABJ previously reported the building would be part of the expansion of UT’s Dell Medical School. The building’s tenant mix would include researchers, academic departments and other health care professionals or collaborators who would sublease space.

12. Hanover Republic Square (305 W. Fifth St.)

This 44-story residential tower at the corner of Fifth and Lavaca streets is well underway. Houston-based developer Hanover Co. and Chicago-based architecture firm Solomon Cordwell Buenz are behind this 310-unit apartment tower with ground-level restaurant and retail space on the southwest corner of Fifth and Lavaca streets. Hanover Republic Square would feature a nine-level above-ground parking garage, topped by 32 stories of apartments. The top two levels would include community amenities, such as a pool. Hanover did not responded to ABJ’s request for a construction update.

13. Alexan Waterloo (700 E. 11th St.)

Alexan Waterloo, a 29-story apartment high-rise, is scheduled to deliver its first units in August, with the development team anticipating full completion by May 2022. The tower, which was formerly known as Alexan Capitol, was designed by GDA Architects and will feature 274 units and 294,824 square feet of residential space just east of the Texas State Capitol. Trammell Crow Residential is developer and general contractor.

14. Hyatt Centric Congress Ave. (721 Congress Ave.)

Katerra, Nelson Partners, McWhinney and Hyatt Hotels Corp. teamed up to develop Austin’s first Hyatt Centric hotel. It is being built right now on Congress Avenue between Seventh and Eighth streets and will have 31 stories, 246 rooms, 3,000 square feet of meeting space and 4,450 square feet of ground-floor entertainment and restaurant space. Construction began in early 2020 and could wrap up by late 2021. The hotel’s interior is being designed by Texas-based Duncan Miller Ullmann.

15. Employees Retirement System of Texas building (1836 San Jacinto Blvd.)

CBRE is soliciting triple net leases for a new mid-rise building at the Employees Retirement System of Texas site. It is set to span a total of 168,930 square feet. CBRE did not respond to a request for an update on this project.

16. Hilton Garden Inn Austin Downtown University (1624 Lavaca St.)

Construction could be complete by the third quarter for this 18-story, 214-room hotel near the University of Texas, which will have its own restaurant and bar.

17. Travis County Courthouse (1700 Guadalupe St.)

The developers of the new Travis County Courthouse began construction in late 2019, and the project is currently on schedule to be completed in December 2022. The 12-story building will house civil and family courts. Hunt Development Group LLC is the lead developer, Austin-based Chameleon Companies is the co-developer, Gensler is the lead building designer, CGL Companies is the lead courts designer and Hensel Phelps is design-builder.

 

 

TOWERS ON THE DRAWING BOARD

18. The Republic (401 W. Fourth St.)

The Republic is a planned 48-story office building with 800,987 square feet of rentable office space and 19,423 square feet ground-floor retail space. A previous iteration of plans had The Republic as a 37-story tower. Lincoln Property Co. and Phoenix Property Co. are The Republic’s developers. A building permit for the project was filed with the city on Jan. 8. Lincoln declined to provide any additional updates on the project, but said more information about The Republic will be made available in the coming months.

19. Unnamed (321 W. Sixth St.)

Minneapolis-based Ryan Companies is moving forward with its plans to build what could be the second-tallest high-rise in Austin. The proposed 60-story apartment and office high-rise at the southeast corner of West Sixth and Guadalupe streets would be two stories higher than The Independent, but six stories shorter than 6 X Guadalupe (which would be built across the street). The most recent plans call for 390 luxury apartments – 27 more than previously reported – and 96,000 square feet of class A office space. Ryan Companies also recently confirmed that construction is expected to start in early fourth quarter of this year. The project is still in the design and permitting phase.

20. The Travis/M2 project (80 Red River St.)

Towers have long been floated for this site. A new proposal emerged Jan. 27, when M2 Development Partners announced plans for a 64-story tower with a mix of apartments, condos and hotel rooms. The Austin-American Statesman reported groundbreaking is possible in April 2022, with completion possible in third quarter 2025. This is the same address where Genesis Real Estate Group has floated plans for multiple towers under the project name The Travis.

21. The East Tower (84 East Ave.)

Austin-based Pearlstone Partners and New York-based ATCO Properties and Management are the developers behind The East Tower, a high-rise project at 84 East Avenue. The 41-story tower would have 284 units, including 11 set aside for affordable housing. A rep for Pearlstone said the entitlement process is nearly complete and groundbreaking could happen in the summer, with possible opening by the end of 2023. STG Design is the architect.

22. Unnamed (Fourth and Brazos streets)

Chicago-based CA Ventures proposed to build a mixed-use tower at Brazos and East Fourth streets. The tower would occupy a half-block stretch of E. Fourth Street. What CA Ventures plans to build on this site was not revealed when ABJ first reported about this project in March 2020. CA Ventures did not respond to a request for updates or more information about the project. Brazos Hall exists at the site right now.

23. Unnamed (411 Brazos St.)

Cielo Property Group is in the planning stages to replace Brazos Lofts at 411 Brazos St. The development firm could move forward with its initial plans to build a high-rise at the southeast corner of Brazos and Fifth streets, but nothing is finalized yet. ABJ reported in January 2020 that Brazos Lofts, a 40-unit condo building near the Austin Convention Center, was purchased by Cielo with the intent to replace the residences with a tower of up to 885,200 square feet.

24. River Street Residences (71 East Ave.)

River Street Residences is a planned 48-story residential tower at Rainey and River streets. The project, like 90-92 Rainey, was originally planned as a residential-hotel development, but the hotel element was scrapped last year. The most recent plans call for a mostly residential tower but with a ground-floor retail component to be built on 0.5 acres. It would be one of the tallest buildings in the Rainey Street area.

25. Hanover Brazos Street (201 E. Third St.)

Houston-based Hanover Company wants to build a 44-story residential high-rise at the corner of Third and Brazos streets. In June, the Austin Design Commission unanimously recommended that the project met urban design guidelines. It would have 308 units and stand 513 feet tall, according to the most recent plans presented to the city. The Hanover would replace a warehouse building formerly owned by the Slaughter family. Hanover did not respond to a request for project updates.

26. 9092 Rainey (90-92 Rainey St.)

Urbanspace Real Estate + Interiors CEO Kevin Burns imagines this as a 51-story high-rise in the bustling Rainey Street area. A hotel component was scrapped last year and now plans call for as many as 446 units — including 20 allocated for affordable housing — and 267 parking spaces. Nelson Partners Architects is the architecture firm on the project. Burns plans to break ground in the fourth quarter. But first Austin City Council must weigh in on a density bonus request.

27. 5th & Colorado (415 Colorado St.)

Just as this issue was going to press, Stonelake Capital Partners on Jan. 27 unveiled its proposal for a 50-story mixed-use tower that would combine 100,000 square feet of office space with 318 residences. The building would have about 465,000 rentable square feet in all. Stonelake in September bought the site at Fifth and Colorado streets, where previously Ryan Companies had proposed a high-rise called Tower 5C.

28. The Linden (313 W. 17th St.)

DEN Property Group is developing The Linden condo tower at 313 W. 17th St. with co-developer Reger Holdings. Rhode Partners is the architecture firm attached. ABJ reported last fall that the building could rise 28 stories above 17th Street (once named Linden Street, hence the name) and contain 117 units. The Linden received a site plan development permit from the city of Austin in September and the developers plan to break ground in mid-2021. The building is also set to include about 5,000 square feet of leasable retail and art gallery space on the ground floor.

29. Unnamed hotel (1201 Red River St.)

ABJ reported in July 2019 that Austin-based Hesperus Group had taken over plans to build a high-rise hotel on the site of a Brick Oven restaurant near Waterloo Park. At the time, a site plan indicated a 33-story luxury hotel could be built at the site. But there has been no word since then on progress and attempts to contact the developer for updates were unsuccessful.

30. HealthSouth redevelopment (1215 Red River St.)

Things began looking up for the former HealthSouth property a few weeks ago, when Austin city staffers recommended the site be redeveloped by Aspen Heights Partners.Another key step came on Jan. 27, when Council authorized city staff to enter into exclusive negotiations with Aspen Heights on the redevelopment. Even so, this proposal is still in its infancy. Could redevelopment of the former HealthSouth building spark further revitalization of northeast downtown, particularly near the Texas State Capitol? Time will tell, but for now, Aspen Heights plans to build a 36-story residential tower — with 348 apartments and 160 condos — as well as a 15-story office tower. Also soon to be redeveloped in the area is the shuttered University Medical Center Brackenridge campus.

31. Symphony Square redevelopment (1117 Red River St.)

Greystar Real Estate Partners LLC has proposed building a 30-story mixed-used tower around the historic building that houses the Austin Symphony and catty-corner to Waterloo Park. A 2019 site plan indicated the 562,347-square-foot tower would include 385 apartments, 54,237 square feet of co-living space, 9,930 square feet of dining and retail and 129,484 square feet for offices. Paperwork filed Jan. 13 with the the Texas Department of Licensing and Regulation indicated construction could start in February and wrap up by January 2024. Greystar did not respond to a request for an update on the project’s status.

32. Unnamed hotel (617 Colorado St.)

A 17-story, 344-room hotel has been proposed for the corner of Colorado and Seventh streets ­— currently home to a surface parking lot. The proposal still has to clear hurdles at City Hall but the luxury hotel project already has the backing of the Austin Design Commission. ABJ reported in September the developer is seeking a density bonus. Turnbridge Equities — which developed Music Lane, the Muse and the Lola on South Congress — hopes to gain approval for the hotel’s site plan. A rendering of the project featured a CitizenM hotel logo, but it hasn’t been confirmed whether the lodging brand is attached to the project.

33. Unnamed (1308 Lavaca St.)

A half-acre tract at the corner of 14th and Lavaca streets was, prior to the Covid-19 pandemic, marketed as a potential hotel site. Property owner Jim Young of Sabot Development, however, said he and his business partner — Vinyl Manohar of Twin Crest Capital —haven’t started the entitlement process for this property. What will become of this property, accordingly, remains to be seen.

34. Unnamed (1400 W. 14th St.)

Cypress Real Estate Advisors submitted a site plan in 2019 for a 31-story, 326,509-square-foot office tower at the site of the Combined Law Enforcement Associations of Texas headquarters. No announcements have been made since then and efforts to reach Cypress for updated information were unsuccessful.

35. Motto Hotel by Hilton, (1415 Lavaca St.)

In early 2020, ABJ reported on plans by Trend Hospitality and William Franks to build a Motto Hotel by Hilton at the site of derelict Bartholomew-Robinson Building. Those plans were rebuffed by the Austin Historic Landmark Commission in August, with developers and commission members at odds over whether the proposal would appropriately preserve the historic building. Developers wanted to gut the building but preserve its facade and build a 10-story hotel above it. ABJ was not able to confirm whether the developer has appealed the commission vote or learn more about the current plans for this building, which is owned by Texas Osteopathic Medical Association. TOMA moved out in 2017 after discovering structural issues during a renovation.

36. Texas Bankers Association building (203 W. 10th St.)

ABJ reported in February 2020 that the Texas Bankers Association plans to demolish its existing headquarters near the Texas State Capitol and replace it with a nine-story office tower with 100,000 square feet of leasable space. The building’s ground floor could be used for restaurant or office space. Construction was originally scheduled to begin the first three months of 2021. TBA did not respond to a request updated information.

37. Masonic Lodge tower (311 W. Seventh St.)

A proposal to build a 30-story tower above the Royal Arch Masonic Lodge on Seventh Street received the initial OK from the Austin Historic Landmark Commission in October 2019. Some commissioners had concerns about the project not preserving more of the historic structure. But since there, there have been no reports on the progress of this project and ABJ’s efforts to reach the development team for an update were unsuccessful.

34. Unnamed (1400 W. 14th St.)

Cypress Real Estate Advisors submitted a site plan in 2019 for a 31-story, 326,509-square-foot office tower at the site of the Combined Law Enforcement Associations of Texas headquarters. No announcements have been made since then and efforts to reach Cypress for updated information were unsuccessful.

35. Motto Hotel by Hilton, (1415 Lavaca St.)

In early 2020, ABJ reported on plans by Trend Hospitality and William Franks to build a Motto Hotel by Hilton at the site of derelict Bartholomew-Robinson Building. Those plans were rebuffed by the Austin Historic Landmark Commission in August, with developers and commission members at odds over whether the proposal would appropriately preserve the historic building. Developers wanted to gut the building but preserve its facade and build a 10-story hotel above it. ABJ was not able to confirm whether the developer has appealed the commission vote or learn more about the current plans for this building, which is owned by Texas Osteopathic Medical Association. TOMA moved out in 2017 after discovering structural issues during a renovation.

36. Texas Bankers Association building (203 W. 10th St.)

ABJ reported in February 2020 that the Texas Bankers Association plans to demolish its existing headquarters near the Texas State Capitol and replace it with a nine-story office tower with 100,000 square feet of leasable space. The building’s ground floor could be used for restaurant or office space. Construction was originally scheduled to begin the first three months of 2021. TBA did not respond to a request updated information.

37. Masonic Lodge tower (311 W. Seventh St.)

A proposal to build a 30-story tower above the Royal Arch Masonic Lodge on Seventh Street received the initial OK from the Austin Historic Landmark Commission in October 2019. Some commissioners had concerns about the project not preserving more of the historic structure. But since there, there have been no reports on the progress of this project and ABJ’s efforts to reach the development team for an update were unsuccessful.

38. Block 16 tower (320 E. Second St.)

Manifold Real Estate proposed in 2020 building a 47-story, 741,319-square-foot office tower with ground-floor retail at 320 E. Second Street. The project, which would be located next to the Austin Convention Center, earned the backing of the Austin Design Commission in August but its current status is unknown.

39. Railyard Condominiums site (201 E. Fourth St.)

No formal plans to redevelop the Railyard Condominiums at 201 E. Fourth Street were on file when the Covid-19 pandemic started in March 2020. Los Angeles-based Karlin Real Estate purchased the property in late 2019 for $104 million. Karlin’s website does not include any information about its plans for the Railyard Condominium site, and no one at the company responded to requests for updates about the project.

40. Unnamed (701 W. Sixth St.)

The land under bar Whiskey Tango Foxtrot Icehouse was purchased by Kairoi Residential in March 2020. Exactly what Kairoi would do with the property was unclear when ABJ last reported on the site in May, though the developer indicated residential development was possible. No new information was available for this project.

38. Block 16 tower (320 E. Second St.)

Manifold Real Estate proposed in 2020 building a 47-story, 741,319-square-foot office tower with ground-floor retail at 320 E. Second Street. The project, which would be located next to the Austin Convention Center, earned the backing of the Austin Design Commission in August but its current status is unknown.

39. Railyard Condominiums site (201 E. Fourth St.)

No formal plans to redevelop the Railyard Condominiums at 201 E. Fourth Street were on file when the Covid-19 pandemic started in March 2020. Los Angeles-based Karlin Real Estate purchased the property in late 2019 for $104 million. Karlin’s website does not include any information about its plans for the Railyard Condominium site, and no one at the company responded to requests for updates about the project.

 

 

HONORABLE MENTIONS JUST SOUTH OF THE RIVER 

41. RiverSouth (401 S. First St.)

RiverSouth is being billed as the bridge connecting Austin’s downtown and South Congress districts. The 15-story, 348,000-square-foot office building is rising now and could open by the end of 2021. Stream Realty Partners is the developer and The Beck Group is the architect and contractor. The building is across 1st Street from the Long Center for the Performing Arts.

42. The soon-to-be-old Statesman HQ (200 S. Congress Ave.)

The home of the Austin American-Statesman newspaper is south of the river and technically considered outside of the CBD. Still, downtown Austin is a short walk across the Congress Avenue Bridge. Under the guidance of master developer Endeavor Real Estate Group LLC, the 19-acre Statesman site could be converted in the coming years into a towering mixed-use development with up to 3.5 million square feet, ABJ reported in June 2019 — more than twice the size of Barton Creek Square mall.

43. Zilker Point (218 S. Lamar Blvd.)

Austin City Council in December gave Austin-based Generational Commercial Properties the green light to move forward with an office tower just south of Riverside Drive and less than 1 mile east of Zilker Park. The project is on the site of a closed Schlotzsky’s restaurant, next to the Zach Theatre. Zilker Point is proposed as seven stories tall with 195,000 square feet of office space and about 14,000 square feet for ground-floor retail. Construction could start this summer; the developer anticipates a full buildout by 2023. Runa Workshop is the architecture firm attached.

 

 

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