“Waterline marks a new milestone for downtown not only because of its height but also because of the positive impact this project will have on improving connectivity, enhancing public amenities, and attracting more people to this beautiful area of downtown.”Īs previously announced, Lincoln and Kairoi's project will have 352 apartments, 700,000 square feet of office space and a 251-room 1 Hotel Austin. “Downtown Austin offers one of the most dynamic markets and skylines in the nation, and we’re excited to help drive its ongoing transformation,” Seth Johnston, Lincoln's senior vice president in Austin, said in the release. Blackstone Mortgage Trust, a real estate finance company, provided the construction loan for Waterline. Other offices are in New York, London and Hong Kong.
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Headquartered in Ottawa, PSP Investments has its principal office in Montréal. One of Canada’s largest pension investment managers, the Public Sector Pension Investment Board - commonly known as PSP Investments - is the main equity partner in the new Waterline tower, Lincoln and Kairoi said. The current tallest tower in Austin is the Independent, a 58-story residential skyscraper nicknamed the Jenga Tower for its offset design. Its height will eclipse what is currently the tallest building in the Lone Star State, the 75-story JPMorgan Chase Tower (formerly Texas Commerce Tower) that soars 1,002 feet into the air in downtown Houston. The high-rise, which will overlook Lady Bird Lake, is planned to open in four years, in late 2026. It will be built at 98 Red River St., on 3.3 acres along Waller Creek and the Waterloo Greenway in downtown's Rainey Street area. The developers have named the tower Waterline. More: 65-story hotel-condo tower would become Austin's 2nd-tallest building In September Kohn Pedersen Fox broke ground on Waterline, a 1,022 feet tall (312 metres) skyscraper on the river that runs through Austin.The developers on Tuesday revealed other new details about the project, including its name, its scheduled opening date and a new equity partner in the project. A number of supertall skyscrapers have recently been announced in Austin, many vying for the title of Texas' tallest building.
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These include a ground-floor restaurant, movie theatre, coworking spaces, and a fitness centre, and the top of the podium will be a pool deck.īritt Design Group will be in charge of the interiors while Nudge Design will carry out the landscaping work on the property. "We believe it is important to add intentionally designed density along the city's transit corridors to accommodate the unprecedented level of population growth Austin is experiencing," said Wilson Capital founder Taylor Wilson.Īlong with the variety of housing options, which span from studios to four-bedroom homes, the development will have amenities on the podium. The residential tower is being developed by Austin-based Wilson Capital and will have 450 apartments. On the podium, classic vertical louvres will be used to shade the interiors, while the tower itself will be covered in a blocky metal structure that changes its profile depending on the needs of the apartments. The shading will take on two different forms on the facade of the structure. The tower itself will rise from the podium level and will be relatively flat with expansive glazing on the broadside of the structure and a metal brise-soleil that wraps around the narrow sides, covering the rounded top.Īccording to the studio, the brise soleil is a specific response to the hot Texas summers. Taking up a half-block location on 5th Street in downtown Austin, the tower will feature a raised pedestal that cantilevers over the ground-level walkways with concrete columns. HKS Austin released plans for an 80-storey, 1,035-ft-tall (315 metres) skyscraper called Wilson Tower, which will be wrapped in a brise soleil. Architecture studio HKS has released plans for a supertall skyscraper to be built in Austin, Texas, which will be tallest building in the state.
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