Waterline named tallest building in Austin, Texas

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The skyscraper will rise to 1,022 feet, which translates to 74 stories, on a 3.3-acre lot near downtown Rainey Street.

AUSTIN, Texas — What will be the tallest building in Austin and the state has officially been named “Waterline,” according to a press release from the property developers.

In addition to the name release, developers of the skyscraper under construction at 98 Red River St. have broken down what’s inside the building, which includes pedestrian access and a seven-figure donation to the trail system. near.

Development Partners Lincoln Property Company and Kairoi Residential detailed that the skyscraper will rise to 1,022 feet, which translates to 74 stories, on a 3.3-acre lot near downtown Rainey Street. Waterline will include two ground-level floors, with 24,000 square feet of retail and dining space available to the public. It has not yet been announced which retailers will occupy this space.

“Downtown Austin offers one of the most vibrant markets and skylines in the nation, and we are thrilled to be part of its ongoing transformation,” said Seth Johnston, senior vice president of Lincoln Property Company at Austin. “Waterline marks a new milestone for the city center not only because of its height, but also because of the positive impact this project will have on improving connectivity, improving public amenities and attracting people. more people in this beautiful downtown area.

The statement explains that the first 13 floors will be occupied by 251 rooms for the 1 Hotel Austin, followed by 27 floors of offices. This will accumulate to 700,000 square feet, approximately one-third of the building’s occupancy, where office tenants will have access to 24,000 square feet of outdoor space, a bar and lounge, indoor meeting spaces and a prep kitchen for events.

Tenants will have access to a 7,000 square foot fitness center on the second floor, which contains cardio equipment, weights, and yoga and dance studios. Finally, the top 33 floors will be occupied by 352 luxury apartments to meet the high-end rental demand in the city center.

LPC and Kairoi Residential strive to achieve the Gold certification for leadership in energy and environmental design throughout the construction of the building. LEED Gold certification is a building best rated for its emphasis on sustainable building practices and efforts to be environmentally responsible in the resources used during construction.

Developers involved with Waterline include:

  • HKS as official architect
  • TBG Partners and Nudge Design as landscape architects
  • Michael Hsu Office of Architecture as Office Interior Designer
  • Studio Mai as hotel and residential interior designer
  • Armbrust & Brown PLLC as Land Use Attorney
  • DPR as general contractor
  • Brockette Davis Drake as Structural Engineer
  • WGI as Civil Engineer
  • Alvine as Mechanical, Electrical and Plumbing Engineer

The Public Sector Pension Investment Board, one of Canada’s largest pension fund managers, is the project’s main funding partner. Blackstone Mortgage Trust Inc. provided the construction loan for Waterline and Eastdil Secured acted as financing advisor to the developers.

The developers plan to add two pedestrian bridges on the east bank of Waller Creek along the Waterloo Greenway, as well as three public pedestrian and bicycle access points to the Greenway. Additionally, a $1 million contribution will be made to the Waterloo Greenway to help fund improvements to the 1.5-mile trail connecting the University of Texas at Austin to Lady Bird Lake.

Construction of the skyscraper began on June 13, 2022, and is expected to open hotel and residential units in fall 2026.

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