Soon to be tallest tower in Texas breaks ground downtown

Standing at 1,022 feet near the intersection of Waller Creek and Lady Bird Lake, a mixed-use high rise called Waterline is set to open in late 2026.

Architectural rendering of the new 74-story building coming to Austin, Texas.

Photo via Atchain

The 74-story building will be more than 300 feet taller than the Independent, Austin’s tallest, and 20 feet taller than the state’s current champ, the JPMorgan Chase Tower in downtown Houston.

Computer rendering of people walking up and down the front stairs of the new Waterline building in Austin, TX.

Photo via Atchain / KPF


  • 3.3 acres at 98 Red River St.
  • A 251 room hotel, Hotel Austin
  • 352 luxury apartment homes
  • 700,000 square feet of office space

The developers, Lincoln Property Company and Kairoi Residential, said Waterline will serve as a new gateway from the Central Business District to the Rainey Street district.

People enjoying the patio of the Waterline skyscraper in Austin, Texas with a view of the skyline in the background.

Photo via Atchain / KPF

“Waterline marks a new milestone for downtown not only because of its height but also because of the positive impact this project will have on improving connectivity, enhancing public amenities, and attracting more people to this beautiful area of downtown,” Seth Johnston of Lincoln said.

A Canadian pension fund manager is the project’s primary owner.

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