News > High Rises Rising in Austin

2016-04-21

Austin is a great place to live and has seen a remarkable 30 percent population growth since 2000 so it's no wonder high rises are rising in Austin. These days it seems like there's a construction crane on every other corner downtown. The Texas capital shows no signs of slowing down either. According to a 2015 report from the Urban Institute, Austin is on track to grow at least another 30 percent by 2030 and as much 80 percent!

Austin is already now the 11th largest U.S. city and, according to the city's planning & zoning department, has just crossed over into being a majority-minority town. This means no single ethnic or demographic group dominates. The report cites ten reasons for this shift but among the most compelling are the increasing numbers of affluent Latino and Asian homebuyers investing in Austin's highly sought after urban real estate.

So as cool and laid-back as Austin already is, the live music capital of the world is also quickly becoming genuinely cosmopolitan and cutting edge. While city planners and long-time residents strive to "Keep Austin Weird" and maintain her unique character they also welcome her growth. Developers are going vertical to offset the bullish land values. At the same time, the architects and designers are strongly encouraged to harmonize with the existing landscapes and incorporate the character of their neighborhoods.

There are five large-scale high rise residential towers, scheduled to rise into the skyline in downtown Austin. Almost all of them will be taller and generally more luxurious than the high rises built over the last decade. They are also using more "green" building practices. All of them are up-scale mixed used communities that encourage social networking via enhanced on-site amenities.

So without further ado, here they are by summary description and approximate date of completion. Reliable prices per square foot are not available at this time.

Austin Proper is a 32-story luxury hotel with 99 elegant residences in the 2nd Street District. It's a LEED Gold certified luxury community with designer interiors, access to the hotel's amenities and views of the lake, Zilker Park and downtown. Austin Proper expects to deliver Spring 2017.

Seventy Rainey is a sleek, glass 35-story condo tower with 19,725 square feet of outdoor green space. The lower floors have wood exteriors with vertical gardens. It is located directly across from the Mexican American Cultural Center with lake and city views. 70 Rainey opens Fall 2017.

Fifth and West is a 39-story mixed use residential tower in the Market District with two interior floors of common living and lounge space. Residents will be in the heart of businesses, boutique shops and walking distance to the lake and hike and bike trail. Fifth & West opens fall of 2017.

The Independent (aka "The Jenga Building") is a 58-story tiered glass residential tower that boasts being the tallest high rise west of the Mississippi. It is located between the Second Street and Market Districts on the Shoal Creek Greenbelt. Amenities include 20,000 square feet of pool, heath, spa, restaurant and lounge space. The Independent opens Spring 2019.

Waller Park Place is a three acre development that features three towers: a 46-story residential tower, a 21-story office building with a green grocer on the ground floor and a 38-story luxury hotel with retail and private condo residences. It rests on the banks of Waller Creek with lake and city views. Waller Park Place expects to deliver everything simultaneously. There is no known date of expected completion at this time, though demolition is currently in progress.

You can be represented by a buyer's agent for any of these new Austin Highrises at no expense to you.  It's a good idea to work with an agent that knows the market, and we are condo specialists.  Contact us for more information.

Can't wait until 2017?  Check out the Austin high rises that are ready for occupancy right now.

 

Though not guaranteed, information and statistics in this article have been acquired from sources believed to be reliable.

Related Links

• 5TH AND WEST
• 70 RAINEY
• THE INDEPENDENT
• Austin High Rise Condos
• New Construction Condos in Austin
• 78701
• 78703

 

5TH AND WEST Condos For Sale!

5th and West is the name and location of Austin's newest downtown residential high rise in development. Designed by GDA architects with interiors by Michael Hsu, this 39 story triangular glass building is scheduled to open in the fall of 2017 and will have views of the capital corridor and the southeast.

These classy downtown Austin condos feature ultra modern clean lines and are offering one to three bedrooms with an average of 1,600+ square feet. The large kitchens have an ...

70 RAINEY Condos For Sale!

70 Rainey is one of the hottest and most anticipated new high rises in the planning and development stages in Austin. It's a 35 story glass structure in the colorful, eclectic Rainey Street neighborhood. This sleek modern glass tower was designed by the award winning Page Architects and will house 164 condo homes right across from the Mexican American Cultural Center.

The condos at 70 Rainey are 1-2 and penthouse condos with protected west facing views of Lady Bird Lake and the ...

THE INDEPENDENT Condos For Sale!

Tauted as the new tallest building in Austin, The Independent is a mixed-use high rise planned for the Seaholm District. The 58 story tower will stand at West Third and West Avenue with 13,500 square feet of retail space and offer 24-hour concierge, sky lounge, fitness center, infinity pool and dog park.

Renderings show The Independent as an eye-catching Jenga-like structure with offset tiers that resemble an uneven stack of Legos. The gleaming white glass residential tower will ...

78701 Condos For Sale!

78701 is the downtown Austin zipcode, with Lady Bird Lake being the southern edge and the northern edge running along Martin Luther King Blvd. This area is home to several luxury highrises, including the Austonian and the new 70 Rainey condos, with upscale amenities and large views.

Besides having walking access to music venues and ...

78703 Condos For Sale!

# Active Listings	38
Min Price	$299,000
Max Price	$2,350,000
Avg Price	$818,167
PPSFT	$612