![]() Lynd Development brought Lincoln Property Co. Companies such as Amazon, Facebook and Homeaway have expanded their workforces in the city in the last year, according to the Austin Chamber of Commerce.Īnother advantage for Austin’s downtown is that the city has few residential submarkets, Lynd said - in other words, a large portion of its demand is centered downtown, while in San Antonio it is spread among hubs such as The Rim area, the Medical Center and the far West Side. Austin’s educated workforce, its reputation as a hip city for Millennials and efforts by the city’s business leaders to market it nationwide are attracting companies and residents, Lynd said. The tower, which was first reported by the Austin American-Statesman, will take advantage of the booming real estate market in Austin, especially in its downtown. He’s not sure yet what the tower’s cost will be. The partners plan to wait until development plans are complete to line up financing, Lynd said. The development partners are under contract to buy the 1.6-acre property, which is currently the site of an extended-stay hotel. The tower’s construction is expected to start in nine months the offices will take about two years to build, while the residences will be finished in four years, Lynd said. I don’t look at projects to make my ego feel good.” “We didn’t aspire to build the tallest building in Austin,” Lynd said. It will be at the corner of Sixth and Guadalupe streets, an area of Austin’s downtown that is crowded with construction cranes for new skyscrapers. of Dallas on the tower, which is expected to be Austin’s tallest building by more than 150 feet, said Mike Lynd Jr., the firm’s president and CEO. Lynd Development Partners, a firm based on the Northwest Side known for building luxury apartment complexes around The Rim, is teaming up with Lincoln Property Co. Courtesy Lynd Development Partners Show More Show LessĪ San Antonio residential developer is about to tackle its biggest project yet: an 850-foot, 62-story skyscraper with 345 luxury apartments and half a million square feet of office space. Courtesy Lynd Development Partners Show More Show Less 4 of4 The 850-foot skyscraper will include 345 luxury apartments and half a million square feet of office space. Courtesy Lynd Development Partners Show More Show Less 3 of4 The tower’s construction is expected to start in nine months the offices will take about two years to build, while the residences will be finished in four years. Courtesy Lynd Development Partners Show More Show Less 2 of4 The tower will take advantage of the booming real estate market in Austin, especially in its downtown. of Dallas on a 62-story tower in downtown Austin which is expected to be the city’s tallest building by more than 150 feet. Here's more information about the Waterline project.1 of4 Lynd Development Partners is teaming up with Lincoln Property Co. 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." ![]() ![]() ![]() Lincoln Property Company Senior Vice President in Austin Seth Johnston issued the following statement about Waterline: "Downtown Austin offers one of the most dynamic markets and skylines in the nation, and we’re excited to help drive its ongoing transformation. The new project, headed by development partners Lincoln Property Company and Kairoi Residential with equity partner PSP Investments, is slated to have over 350 residential apartments, 700,000 square feet of office space and a 251-room hotel. In Austin, the tallest building is currently the Independent, a residential tower that sits at 690 feet tall. The former Texas Commerce Tower stands at 1,002 feet. Waterline will eclipse the JP Morgan Chase Tower in downtown Houston - the current tallest building in Texas, until this one is built. ![]() The new building, which has been named Waterline, is slated to open in late 2026. The mixed-use building is planned to be 1,022 feet tall and will be located at 98 Red River Street, overlooking Lady Bird Lake. A 74-story building coming to the Austin skyline will also be regarded as the tallest building in the state.Ĭonstruction has begun on the new downtown Austin skyscraper - and new details have finally been revealed about the project, according to the Austin American-Statesman. ![]()
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