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Austin | 415 Colorado | 640' | 47-Stories | U/C


The ATX

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This is another new tower, and it looks like another big one that will be added to the growing  list of 40+ 300' and taller towers under development.  It's being developed by Ryan Companies who are also developing the other new tower - 321 W. 6th - that I started a new thread for a little while ago. 

It's an office tower, and the site plan went into formal review yesterday.  That means we should have more info like the height and floor count as soon as Monday.  A Gensler architect who designed the new tallest 6xGuadalupe as well as other Austin towers, posted on SSP that we would be excited about this project.  But he didn't spill any details.

The project will take out a good chunk of what's left of the Warehouse District, and the Streetview capture shows the location.  Two of the buildings in the way were recently remodeled and are being used for a Walmart corporate IT center and includes a Microsoft presence as part of a project to migrate Walmart's IT systems to Microsoft's cloud.  So it'll be interesting to see what happens to that. 

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The formal site plan filing was added to the site plan application today.  No exact height or floor count was made public.  But it will have 17 parking levels with 490K Sq. Ft. of office.  Since the site is only 1/4 block, it will probably around 40-stories.  The 1/4 block site is also why there are so many parking levels.

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We have some elevations via TOWERS.  It's tall as expected - 634' and 41 floors.  It's all office, and we should have renderings by Monday.  It's on the agenda for Monday's Historic Landmark Commission meeting because it will be incorporating some warehouse on the site into the lobby of the new building.

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35 minutes ago, Dale said:

But Republic is being shelved ?

No.  The developer, Lincoln, appears to focusing instead on the We Co. project - the Block 190 tower specifically - as their next Austin project to break ground.  I'm guessing it's because the Block 190 office tower is at least partially if not completely financed by a Canadian pension fund.  Block 190 is larger than the Republic Tower by square footage, and they have two equity partners in that project as well - The We Co. which is going forward with it despite their problems and Kairoi which is their partner in the new tallest 6XG tower. 

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1 hour ago, The ATX said:

No.  The developer, Lincoln, appears to focusing instead on the We Co. project - the Block 190 tower specifically - as their next Austin project to break ground.  I'm guessing it's because the Block 190 office tower is at least partially if not completely financed by a Canadian pension fund.  Block 190 is larger than the Republic Tower by square footage, and they have two equity partners in that project as well - The We Co. which is going forward with it despite their problems and Kairoi which is their partner in the new tallest 6XG tower. 

Eager to see a rendering! 

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This was rather unexpected.  New, but prolific Austin developer Ryan Companies, announced that they are moving forward with both their 773' foot tall BBVA tower and this project despite the pandemic.  They plan on starting construction on BOTH towers in January 2021.  It will take until about then to finish getting City approval.  They also released the first rendering.

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Austin Business Journal

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  • The ATX changed the title to Austin | 415 Colorado | 640' | 47-Stories | U/C

The original proposal known as Tower 5C would have been an iconic skyline tower.  But it was speculative office space, and the plans died during Covid when financing for speculative office towers disappeared.   It still has some office levels, but it was redesign for mostly residential levels because there is always a demand for downtown residential towers.  The name is now the address:  415 Colorado.

Here are some renderings courtesy of the developer Stonelake.

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This is the site.

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https://app.oxblue.com/open/stonelakecapitalpartners/all

 

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