AUSTIN | Waterline | 1,034 Feet | 73 Floors | T/O - Page 106

Lobotomizer · #1 Posted **Aug 26, 2023, 2:07 PM**

Quote:

Originally Posted by Urbannizer

Glass!

Excitement Intensifies!

clubtokyo · #2 Posted **Aug 27, 2023, 8:12 PM**

Wow glass already! Exciting! Is that white facade?

We vs us · #3 Posted **Aug 28, 2023, 3:17 PM**

Does anyone else feel like this building is a fluke? The fact that we, a growing but still medium-sized city, are getting a supertall? Every time I drive past I feel like this is the culmination of a very intense but very short-lived period -- namely the pre-pandemic and pandemic years, from, say 2018 through 2021, where it seemed like anything that was proposed could get funding and get built. It really took the confluence of some very specific factors to produce something like this, IMO -- and honestly I can't say that I see the same conditions cropping back up any time soon.

drummer · #4 Posted **Aug 28, 2023, 3:56 PM**

Quote:

Originally Posted by We vs us

Does anyone else feel like this building is a fluke? The fact that we, a growing but still medium-sized city, are getting a supertall? Every time I drive past I feel like this is the culmination of a very intense but very short-lived period -- namely the pre-pandemic and pandemic years, from, say 2018 through 2021, where it seemed like anything that was proposed could get funding and get built. It really took the confluence of some very specific factors to produce something like this, IMO -- and honestly I can't say that I see the same conditions cropping back up any time soon.

Perhaps, but it seems that a lot of that could be said of a lot of areas/cities post-pandemic. Austin certainly saw an incredible amount of growth for more than a few years leading up to this, and there is still a lot of growth happening - just at a slower pace than it was before or during the pandemic. Still a lot by most standards, from what I can see. Whether that will result in another supertall in the near future, who knows.

slippi · #5 Posted **Aug 28, 2023, 4:13 PM**

Quote:

Originally Posted by We vs us

Does anyone else feel like this building is a fluke? The fact that we, a growing but still medium-sized city, are getting a supertall? Every time I drive past I feel like this is the culmination of a very intense but very short-lived period -- namely the pre-pandemic and pandemic years, from, say 2018 through 2021, where it seemed like anything that was proposed could get funding and get built. It really took the confluence of some very specific factors to produce something like this, IMO -- and honestly I can't say that I see the same conditions cropping back up any time soon.

I think Austin's skyline is punching above it's weight because of the totally whack zoning in the urban core. Zoning in downtown is very permissive (which is good) but much of the surrounding area has super restrictive zoning (which is bad). There are lots within a quarter mile of this supertall that have a 35 ft max allowable height.

If we allowed midrise apartments everywhere in the urban core (as we should) I doubt we would be building a supertall right now.

myBrain · #6 Posted **Aug 28, 2023, 3:43 PM**

Very nice facade, will provide some much-needed texture to our skyline.

gillynova · #7 Posted **Aug 29, 2023, 4:02 PM**

Guys, what's the ETA of this again?

unit · #8 Posted **Aug 29, 2023, 4:51 PM**

Unless an insider has the latest updated construction schedule, late 2026.

https://austin.towers.net/inside-wat...all-tower-plan

gillynova · #9 Posted **Aug 29, 2023, 4:54 PM**

Thanks! So topped off in early 2026 (hopefully)

unit · #10 Posted **Aug 29, 2023, 4:55 PM**

T/O : August 2025

https://www.statesman.com/story/busi...s/65467286007/

gillynova · #11 Posted **Aug 29, 2023, 7:50 PM**

//

Also, thank you Unit for providing the source! August 2025 seems very doable

bobbywest87 · #12 Posted **Aug 29, 2023, 10:24 PM**

Thanks for all the great picture updates Gillynova!

bobbywest87 · #13 Posted **Aug 31, 2023, 9:36 PM**

clubtokyo · #14 Posted **Aug 31, 2023, 10:27 PM**

What a beast!

Urbannizer · #15 Posted **Sep 2, 2023, 11:04 PM**

Urbannizer · #16 Posted **Sep 6, 2023, 3:58 PM**

https://x.com/walkableaustin/status/...KAMHVCgfx518rg

Green Country · #17 Posted **Sep 7, 2023, 5:40 PM**

Is the office space in Waterline pre-leased?

austlar1 · #18 Posted **Sep 7, 2023, 6:25 PM**

Quote:

Originally Posted by Green Country

Is the office space in Waterline pre-leased?

Interesting question. Nobody seems eager to explore this topic (probable empty newly constructed office buildings) on this site. My personal take is that Austin developers are headed over a cliff with so much new office product coming online in roughly the same time frame.

The ATX · #19 Posted **Sep 7, 2023, 6:56 PM**

No, they don't appear to have a pre-lease. This and the Republic will be the last major office projects to break ground during the next few years. Everything else U/C is mainly residential and hotel.

GoldenBoot · #20 Posted **Sep 7, 2023, 7:21 PM**

Quote:

Originally Posted by austlar1

Interesting question. Nobody seems eager to explore this topic (probable empty newly constructed office buildings) on this site. My personal take is that Austin developers are headed over a cliff with so much new office product coming online in roughly the same time frame.

I would not worry. Additionally, most of these projects are not being developed by "Austin developers." They are developers based elsewhere and with quite a portfolio nationally. These are mid-term/long-term plays. They are not going to hurt. Also, occupation is not slated until 2026 or later. A lot will change over the coming 18-36 months.

Having said that, I do not anticipate any new (major) spec office projects to break ground in the short-term.