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Work begins on Texas’ tallest tower

Texas's Tallest Tower

September 7, 2022

​​​​AUSTIN – Lincoln Property Company and Kairoi Residential have broken
ground on Waterline, a 74-story high rise at 98 Red River St.

At 1,022 ft, the project will be the tallest tower in Texas, beating out
Houston’s JPMorgan Chase Tower by 20 ft.

Waterline will have 352 apartment units, 700,000 sf of office space, and the
251-room 1 Hotel Austin.

Three floors of underground parking will be available for residential and
hotel users, and above-ground parking will be available for office users.

Construction wraps in 2026.

Source

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Aspen Heights to redevelop Health South office towers

​​​AUSTIN – The city has approved plans for Aspen Heights Partners to convert
the former Health South office towers into a 37-story residential and
commercial project.

Of the 921 rental units, 232 wi​ll be designated as affordable. The plan also
calls for 35,000 sf of commercial space and a childcare center.

Civilitude will be the engineer. STG Design will be the architect.

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Three-building Buda industrial park trades hands

​​BUDA – Buda Midway Phase I, a three-building, 474,465-sf, Class AA
industria​l park, has been sold.

The project is on 35.3 acres at 1795 Fire Cracker Dr. It has two rear-load and
one cross-dock building with 30- to 36-ft clear heights, 138 dock doors, 60
trailer parking spaces, and 678 parking spaces.​

The recently delivered ​buildings are fully preleased to CED Greentech, Sherri
Hill, and Four Hands. ​

JLL represented the seller, a joint venture between United Properties and PCCP
LLC.​

Phase two will include four rear-load buildings totaling nearly 390,000 sf.
Completion of the first building is set for spring 2023.

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246K-sf residential tower in the works near UT

​​​​​AUSTIN – Park7 Group is developing a 30-story​ tower at 2200 San Antonio
St.​ near the University of Texas.

The 246,000-sf building will ​have 216 multifamily units.

Rhodes Partners is the design firm.

Construction begins in early 2024 and wraps in May 2025.

[![texaslogo.png](https://assets.recenter.tamu.edu/Images1/NewsTalk/NTTInfo.png)](https://www.recenter.tamu.edu/articles/technical-
report/Texas-Quarterly-Commercial-Report)The Texas Real Estate Research Center
has more news like this online for free:

* [ _Texas Quarterly Apartment Report_](https://www.recenter.tamu.edu/articles/research-article/TexasQuarterlyApartmentReport-2242)
* [Austin multifamily news​](https://txrec.io/2PoQABe)

​Source: _​[Austin Business
Journal](https://www.bizjournals.com/austin/news/2022/09/29/crane-
watch-i35-industrial-south-austin-congress.html)_

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