“Waterline will offer a truly unique experience with unrivaled views, world-class amenities and a thoughtful design that connects the building’s interior with the project’s unique natural surroundings throughout the building,” said Michael Lynd Jr., CEO of Kairoi Residential. A movement studio, workout studio and steam room will be located one floor above along with soaking tubs, hammocks, a BBQ pit and a communal dining area. The top 33 stories will contain upscale residential homes, offering residential access to two pools on the 41st floor along with a lounge, bar, kitchen and co-working space. The section for office space will have 27 stories with a 14th-floor amenity deck, encompassing 24,000 square feet of outdoor space with a bar and lounge, indoor meeting spaces and a prep kitchen for special occasions.Īlso, office tenants will have access to a 7,000-square foot fitness center on the second floor featuring cardio equipment and weights along with a yoga and dance studio. The 24,000 square feet ground floor of the building will be for restaurant space that affords visitors a view over Waller Creek and the Waterloo Greenway, separated by a floodplain forest.ġ Hotel Austin will hold the next 13 floors, including a ballroom and meeting spaces on the 14th floor and a rooftop pool with food and beverage service on the 16th floor. “We look forward to continuing to lend on low-leverage, high-quality projects and serving as a partner to well-capitalized, experienced sponsors like LPC, Kairoi, and PSP Investments.” “We continue to see strong demand for new, best-in-class residential, office and hospitality assets in high growth markets like Austin and are excited to support this trophy, mixed use development that will make a meaningful contribution to the community as well as the Austin skyline,” said Katie Keenan, Chief Executive Officer of BXMT. The construction loan for the project was footed by Blackstone Mortgage Trust, Inc. With the spirit of the place set, mixed-use program requirements needed to be thoughtfully placed to create hierarchy of space and activity.” “Sculptural columns draw inspiration from sacred species of trees in Austin, while native stones and landscaping speak to the character of the creek across the site to Red River Street. “To achieve a successful mix of program and planning ideas, we leveraged the unique character of the waterfront and the Rainey District,” said Andrew Klare, KPF director. The firm has done work in New York City for 55 Hudson Yards and One Vanderbilt towers. According to development partners, Waterline will be the first Texas location for the global sustainability-focused hospitality and lifestyle brand of SH Hotel Resorts.Ī global architecture firm, Kohn Pedersen Fox, will design floor-to-ceiling windows, warm textures and native stone at the Waterline. With 352 luxury apartment homes, 700,000 square feet of office space and the 251-room 1 Hotel Austin, the development team is after a LEED Gold certification to have a healthy, highly efficient, and cost-saving green building. will cover 3.3 acres near the intersection of Waller Creek and Lady Bird Lake. market that offers high quality of life, a supportive business environment, exciting employment opportunities and a hotbed for technology and innovation.” “This investment provides significant upside potential as the city of Austin continues its expansion to become a top-tier U.S. ![]() “We are pleased to be increasing our portfolio exposure to high conviction markets and green assets in one of the fastest growing cities in the United States,” said Carole Guérin, managing director for real estate at PSP Investments. ![]() The Public Sector Pension Investment Board (PSP Investments), one of Canada’s largest pension investment managers, is the major contributor to the project. Both partners are based in Texas, with LPC being based in Dallas and Kairoi headquarted in San Antonio. AUSTIN, Texas - The Capital of Texas is making room for a 1,022 feet skyline that’s to include a public space for eatery, luxury apartments, Class-A office space and the 1 Hotel Austin - with an expectancy of completion in late 2026.ĭevelopment partners Lincoln Property Company and Kairoi Residential revealed Waterline to be a 74-story mixed-use high-rise, underway in downtown Austin on Sept.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |