[...] Wilson Capital announced this morning that its redevelopment of the Avenue Lofts site will be significantly larger than previously reported. The multifamily residential building planned for the 0.8-acre property at 410 East Fifth Street, now known as Wilson Tower, is set to rise 80 floors to a total height of 1,035 feet — and yes, that would make the project the new tallest tower in Texas upon completion, exceeding the height of the Waterline supertall project [...] — Towers Austin
HKS is behind the Wilson Tower project, which will complement the 43-story 700 River development that broke ground recently on a tract fast becoming Austin’s “second” downtown. The would-be new record-setter had been previously planned for only 54 stories and is now advertising lets for its 450 available luxury units. Amenities like a movie theater and indoor dog run are included in a four-story block. The rest of the program appears standard fare for a city that now boasts nine of the wealthiest 1,000 neighborhoods in the country.
"I don't think the need for housing is going anywhere," an unnamed developer told Austin Business Journal, referencing the state capital’s dual status as the fastest-growing city in America. "Looking into the future, when this building is planned to come online, we still see Austin with the incredibly strong fundamentals needed to support a project like this."
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