If you’ve ventured outside much lately in downtown Austin, you might have noticed some new decor installed on the fences around the corner of East Cesar Chavez and Red River Streets at the de facto entrance to the Rainey Street District — banners featuring the logos of none other than Lincoln Property Company and Kairoi Residential, the development partnership currently spinning its wheels to bring us the tallest building in Texas at this corner tract, the “supertall” mixed-use tower project known for the moment only as Waller Creek.
Planned on a 3.25 acre assembly containing tracts addressed from 92 to 98 Red River Street, the tower designed by New York-based architects Kohn Pedersen Fox Associates will replace a defunct previous plan for a different tower complex at this site once proposed by developers the Sutton Company. Dallas firm HKS, Inc. will serve as the project’s architects of record, with local outfits TBG Partners and Nudge Design respectively handling landscape architecture and urban design.
We’ve followed the breadcrumbs of this emerging development with obvious interest since its appearance last November, and in the context of a general pandemic-related downtown development slowdown in the past year, the installation of brand assets around the future tower site feels less like an “Another One”-style flex and more like reassurance from this project’s twin developers that yes, they’re actually serious about building this thing in the near future — it might sound silly, but many developers don’t slap up the banners until the project’s already broken ground.
But banners aren’t the only thing convincing us this project is a go, with city development filings and other permit documents emerging at a regular clip. Recent site plans for the tower finally include genuine architectural elevations, which aren’t nearly as flashy as the renderings we’ve already seen, but provide a much more technical view of the project — not to mention finally appearing to nail down its height, which you’ll recall was tough to figure out precisely last year with a few different numbers floating around.
According to these latest plans, the tower now in formal review with the city rises 1,022 feet, making it the tallest building in the state by 20 feet.
The approximately 2.3 million-square-foot tower will contain a 240-unit hotel, nearly 700,000 square feet of office space, 332 residential units, and 43,000 square feet of general retail space. The building’s parking podium will contain an estimated 14 levels with approximately 1,979 spaces, according to recent documents. This all generally tracks with what we’ve seen in previous plans, but the site plan advancing through the approval process with the city should bring us more info (and more views) of this project over the next few months.
For what it’s worth, these latest documents indicate a possible start date of construction in April 2022 — and if that schedule holds, we’ve got more then a year to learn all we can about this tower as it inches closer to the real world.