Downtown Austin Towers and Developments (Under Construction and Proposed)

Downtown Austin’s skyline is ever-changing and it seems like there’s a new crane in the sky every day. Austin’s CBD has been one of the hottest development markets in the country over the past few years and shows no signs of slowing. With so much rapidly changing, it can be hard to keep track of all the towers and developments in Downtown Austin.

At AQUILA, we keep a careful eye on the Austin market in order to keep our clients and partners informed. That’s why we compiled this list of downtown buildings that are proposed or under construction along with all the public information we know about each one.

Learn More: See the developments that are under construction and proposed in Austin’s other submarkets.

Click the links below to jump to specific sections:

• Downtown Austin office projects
• Downtown Austin mixed-use projects
• Downtown Austin hotel and multifamily projects

Downtown Austin Office Towers and Developments – Under Construction

1. 502 W 15th

Address: 502 W. 15th St.
Square Feet: 30,000
Stories: 3
Preleased: 27%
Developer: Scenic Capital Advisors
Estimated Delivery: 4Q 2024
Leasing Team: AQUILA Commercial

2. The Republic

Address: 401 W. 4th St.
Square Feet: 816,513
Preleased: 49%
Stories: 48
Developer: Lincoln Property Company & DivcoWest
Architect: Duda/Paine
Leasing Team: Lincoln Property Company
Estimated Delivery: 1Q 2025

3. Capitol Complex Phase II (State of Texas)

Address: 1501 Lavaca and 1500 Congress
Square Feet: 525,000
Preleased: 100%
Developer: Lincoln Property Company & DivcoWest
Leasing Team: Texas Facilities Commission
Estimated Delivery: 3Q 2027

Downtown Austin Office Towers and Developments- Proposed

1. Perennial

Address: 216 E. 4th St.
Square Feet: 720,000
Stories: 46
Preleased: 0%
Developer: Cielo Property Group
Estimated Delivery: TBD
Architect: Goettsch Partners
Leasing Team: AQUILA Commercial

2. Block 16 (300 E 2nd St.)

Address: 300 E 2nd St.
Square Feet: 738,000
Stories: 41
Developer: Carr Properties
Architect: Gensler
Leasing Team: CBRE

Want to learn more about Downtown Austin? Read our article, Your Guide to Austin’s 8 Downtown Neighborhoods: 2nd Street District, 6th Street, etc.

Downtown Austin Mixed-Use Towers and Developments – Under Construction

1. ATX Tower

Address: 321 W. 6th St.
Square Feet: 561,000 (123,000 office)
Stories: 58
Uses: Office, Multifamily
Office Preleased: 0%
Multifamily Units: 369
Expected Delivery: 1Q 2025
Developer: Ryan Companies and Tishman Speyer
Architect: Page
Leasing Team: CBRE

Read Next: Why Austin, Texas is a Best Place to Live & Work (as Ranked in US News, Forbes)

2. 415 Colorado

Address: 415 Colorado St.
Square Feet: 457,684 (110,097 office)
Stories: 47
Uses: Office, Multifamily
Office Preleased: 0%
Multifamily Units: 328
Expected Delivery: 1Q 2025
Developer: Stonelake Capital Partners
Architect: Ziegler Cooper Architects
Leasing Team: CBRE

3. Waterline

Address: 98 Red River St.
Square Feet: 2,300,000 (703,000 office)
Uses: Office, Multifamily, Hotel
Office Preleased: 0%
Multifamily Units: 352
Stories: 74
Hotel Keys: 251
Expected Delivery: 4Q 2026
Developer: Lincoln Property Company and Kairoi Residential
Architect: Kohn Pedersen Fox Associates
Leasing Team: Lincoln Property Company

Downtown Austin Mixed-Use Towers and Developments – Proposed

1. Railyard Condominium Site

Address: 201-301 E. 4th St.
Square Feet: 1,700,000
Uses: Multifamily, Office
Preleased: 0%
Developer: Karlin Real Estate
Leasing Team: CBRE

2. The Graduate

Address: 1800 Guadalupe St.
Uses: Multifamily, Hotel
Multifamily Units: 228
Hotel Keys: 194
Stories: 19
Developer: AJ Capital Partners
Architect: Hartshorne Plunkard

Downtown Austin Hotel and Multifamily Towers and Developments – Under Construction

1. 700 river

Address: 71 East Ave.
Uses: Multifamily
Multifamily Units: 409
Stories: 48
Expected Delivery: 4Q 2024
Developer: High Street Residential
Architect: Lake Flato Architects

2. Green Pastures Hotel

Address: 811 Live Oak St.
Uses: Hotel
Keys: 63
Stories: 3
Expected Delivery: 3Q 2025
Developer: La Corsha Hospitality Group
Architect: Clayton Korte

3. The Modern Austin Residences

Address: 610 Davis St.
Uses: Multifamily
Multifamily Units: 365
Stories: 56
Expected Delivery: 3Q 2025
Developer: Urbanspace
Architect: Nelsen Partners

4. The Travis

Address: 80 Red River St.
Uses: Multifamily
Multifamily Units: 423
Stories: 50
Expected Delivery: 2Q 2025
Developer: Genesis Real Estate Group
Architect: GDA Architects

5. Paseo

Address: 80 Rainey St.
Uses: Multifamily
Multifamily Units: 557
Stories: 48
Expected Delivery: 4Q 2025
Developer: LV Collective
Architect: Pappageorge Haymes Partners

Proposed Downtown Austin Hotel and Multifamily Towers and Developments

1. The Annie B

Address: 402 W. 12th St.
Uses: Multifamily
Multifamily Units: 300
Stories: 34
Developer: Stratus Properties

2. Wilson Tower

Address: 410 E. 5th St.
Uses: Multifamily
Multifamily Units: 350
Stories: 45
Developer: Wilson Capital
Architect: HKS Inc.

3. Luminary

Address: 400 W. 14th St.
Uses: Multifamily
Multifamily Units: 286
Stories: 35
Developer: Northland
Architect: Page

4. 14th & Lavaca Hotel

Address: 14th and Lavaca
Uses: Hotel
Hotel Keys: 280
Stories: 35
Developer: Pearlstone Partners
Architect: STG Design

5. Sixth Street Hotel

Address: 500 Block of Sixth Street
Uses: Hotel
Hotel Keys: 155
Stories: 5
Developer: Stream Realty Partners

6. Block 32 Hotel and Apartments

Address: East Third and San Jacinto Street
Uses: Hotel, Multifamily
Multifamily Units: 726
Hotel Keys: 216
Stories: 41 floors in Tower 1 and 55 floors in Tower 2
Developer: Manifold Real Estate
Architect: Rhode Partners

7. Home2 Suites by Hilton Austin University District

Address: SEQ of W. MLK Blvd. and Guadalupe St.
Uses: Hotel
Stories: 6
Hotel Keys: 153

8. TownePlace Suites by Marriott Austin Downtown

Address: NEQ Neches Street and East Eighth Street Street
Uses: Hotel
Stories: 4
Hotel Keys: 150

9. The Grant

Address: East Third and San Jacinto Street
Uses: Multifamily
Multifamily Units: 258
Developer: Empire and Ryan Companies
Architect: HLR Architects

10. 701 W. Sixth St.

Address: 701 W. Sixth St.
Uses: Multifamily
Multifamily Units: TBD, 567,000 square feet of space
Stories: 66
Developer: Kairoi Residential
Architect: GDA Architects

11. 506 West Avenue

Address: 506 and 508 West Avenue
Uses: Multifamily
Multifamily Units: 359
Stories: 47
Developer: Manifold Real Estate
Architect: Gensler

12. 318 Colorado

Address: West Fourth and Colorado Street
Uses: Multifamily
Multifamily Units: 400
Stories: 40
Developer: Hanover
Architect: Solomon Cordwell Buenz

13. 308 to 318 Congress Avenue

Address: 308 to 318 Congress Avenue
Uses: Multifamily
Multifamily Units: 450
Stories: 55
Architect: Clayton Korte

14. 5th + Red River

Address: Corner of East Fifth and Red River Streets
Uses: Multifamily
Multifamily Units: 242
Stories: 37
Developer: Stonelake Capital Partners
Architect: O’Connell Architecture

15. 701 East 9th Street

Address: 701 East 9th Street
Uses: Multifamily
Multifamily Units: 149
Stories: 5
Developer: Sackman Enterprises
Architect: Michael Hsu Office of Architecture

This article will be updated on a quarterly basis, so check back regularly for updates. For more in-depth market analysis, be sure to check out our latest Austin Office Market Report.