While Downtown Austin has been one of the fastest-expanding central business districts in recent years, there are notably fewer deliveries expected in 2024. With fewer new projects coming online, the rapid transformation of the skyline seen in previous years is likely to taper off
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Two notable buildings are expected to deliver in 2024: ATX Tower and 415 Colorado.
Downtown Austin Office Buildings Delivering in 2024
1. ATX Tower
Image courtesy of CoStar.
Address: 321 W. 6th St.
Square Feet: 123,000 office and 561,000 multifamily
Type: Multifamily, Office
Office Preleased: 0%
Residential Units: 368
Stories: 58
Expected Delivery: 4Q 2024
Developer: Ryan Companies and Tishman Speyer
Architect: Page
Rising 58 stories in Downtown Austin, ATX Tower is a mixed-use development bringing office space and modern residential living to the center of the city. Located at 321 W. 6th Street, the 123,000 square feet of office space is still available for lease ahead of the project’s expected delivery in 4Q 2024. Developed through a partnership between Ryan Companies and Tishman Speyer, ATX Tower will also feature 368 residential units occupying the upper floors. Designed by Page Architects, the tower will utilize an eye-catching geometric facade and provide retail space at street level. ATX Tower will be one of Austin’s tallest buildings upon completion.
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2. 415 Colorado
Address: 415 Colorado St.
Square Feet: 457,684 (110,000 SF office)
Residential Units: 368
Office Preleased: 0%
Expected Delivery: 4Q 2024
Developer: Stonelake Capital Partners
Architect: Ziegler Cooper Architects
415 Colorado is a 457,684-square-foot, mixed-use development slated for delivery in Q4 2024. Located at 415 Colorado Street in Downtown Austin, the project includes 110,000 square feet of office space available for lease. Developed by Stonelake Capital Partners and designed by Ziegler Cooper Architects, 415 Colorado will also feature 368 residential units occupying the upper portion of the building.
Conclusion
Though the downtown area will continue expanding, the influx of companies relocating to be part of Austin’s growth story may decelerate as well. The downtown area’s evolution will continue, but at a less frenetic pace than the breakneck development of the past decade. While the existing pipeline of high-quality, centrally located projects promises to further shape the city, fewer new buildings are expected to deliver in the coming year. This slowdown reflects trends in the maturing Austin market.
