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Amid challenging conditions in the real estate and lending markets, a proposed 80-story residential tower that had been planned to be the tallest high-rise in Texas has now been scaled back to 45 stories. [...]
Taylor Wilson, president of Wilson Capital, said the revised design comes in response both to feedback from Austin's Design Commission and to significant changes in the real estate and financial markets, which are grappling with rising interest rates and tightened lending standards.
— The Austin American-Statesman
The revised Wilson Tower proposal would have surpassed I.M. Pei’s JPMorgan Chase Tower in Houston as the state’s record-holder. KPF’s Waterline development is still on track to break it by 20 feet. The episode highlights the economic stasis affecting developers in the city’s insanely... View full entry
But joining the fraternity of cities with supertalls can also be a dubious distinction: Real estate is a lagging indicator, and skyscrapers often arrive after the boom is over, looming half-empty as monuments to a bust. Others, however, are convinced that Austin’s high-rise stampede is just getting started.
Given the city’s emerging significance as a next-gen manufacturing hub this building boom could defy the skyscraper effect.
— Bloomberg
With a slate of high-rises and supertalls, including KPF’s Waterline design and the record-setting Wilson Tower from HKS in the works, Bloomberg asks if the pace of development can be sustained amidst tech’s downturn and the annals of urban economic history. The salvation apparently lies... View full entry
[...] 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... View full entry
