AUSTIN | Waterline | 1,034 Feet | 73 Floors | T/O - Page 82

lonewolf · #1 Posted **Mar 30, 2022, 7:24 PM**

520m is a lot less than I would have estimated for this project...

ahealy · #2 Posted **Mar 30, 2022, 8:02 PM**

Given the news about financing, does anyone think this is in danger of not happening?

ATX2030 · #3 Posted **Mar 30, 2022, 8:08 PM**

Quote:

Originally Posted by ahealy

Given the news about financing, does anyone think this is in danger of not happening?

I hate to say it but a little doubt enters my mind when I hear that. And we all know what happens when you can't get the financing you need.

davidberko · #4 Posted **Mar 30, 2022, 8:18 PM**

Quote:

Originally Posted by lonewolf

520m is a lot less than I would have estimated for this project...

Same. That's a good price for a supertall with almost 3 million square feet.

AusTex · #5 Posted **Mar 30, 2022, 8:35 PM**

Quote:

Originally Posted by lonewolf

520m is a lot less than I would have estimated for this project...

It is less than I thought for a build with condos and a 5 star hotel, however, I do not think a 5 Star hotel is coming and the residential is rentals. A Lot can be fudged on rentals and who knows what the hotel franchise is adding to the mix.

ILUVSAT · #6 Posted **Mar 31, 2022, 12:45 AM**

I guarantee y'all that this baby's going to cost well north of $520 million to construct.

The W and JW Marriott towers, years ago, cost $325-$375 million to construct (as a reference). And prices have certainly not come down since.

sewaneetigers · #7 Posted **Apr 1, 2022, 5:30 AM**

Quote:

Originally Posted by ILUVSAT

I guarantee y'all that this baby's going to cost well north of $520 million to construct.

The W and JW Marriott towers, years ago, cost $325-$375 million to construct (as a reference). And prices have certainly not come down since.

I bet it's somewhere around $600mm

StoOgE · #8 Posted **Apr 1, 2022, 4:27 PM**

Taking estimated construction cost from a filing is probably not the best way to get at the final cost of a project.

HWellen · #9 Posted **Apr 13, 2022, 1:48 AM**

Anyone else see this promotional video?

https://www.reddit.com/r/Austin/comm...tm_name=iossmf

sjk · #10 Posted **Apr 13, 2022, 5:03 AM**

Quote:

Originally Posted by HWellen

Anyone else see this promotional video?

https://www.reddit.com/r/Austin/comm...tm_name=iossmf

Urbanizer posted it on the projects thread. Love it!

The ATX · #11 Posted **Apr 13, 2022, 3:28 PM**

Approved elevations were added to the site plan this morning. The building is still 1,022'.

GoldenBoot · #12 Posted **Apr 13, 2022, 3:31 PM**

Quote:

Originally Posted by The ATX

Approved elevations were added to the site plan this morning. The building is still 1,022'.

Is that from its lowest point of entry to its architectural tip?

ArchGuy1 · #13 Posted **Apr 21, 2022, 1:00 AM**

Quote:

Originally Posted by The ATX

Approved elevations were added to the site plan this morning. The building is still 1,022'.

Will this building have a public observation deck near the top.

GoldenBoot · #14 Posted **Apr 1, 2022, 5:40 PM**

^^^Exactly.

It's going to be much higher than what was "estimated."

$192 PSF for constriction of a 1,022', 2.7MM SF building? One can barely build a SFR for that price.

I read somewhere that high-rise construction costs in this section of the country could run at least $600-$700 PSF. I'll try to find the source and post it.

Remember, most media reports of cost are only referring to the financed amount (which does not include the developers' equity - 20%-40% typically in high-rises).

ILUVSAT · #15 Posted **Apr 2, 2022, 3:59 PM**

I'm not sure you could buy a house in Austin for less the $225-$250 PSF.

sewaneetigers · #16 Posted **Apr 2, 2022, 6:04 PM**

Quote:

Originally Posted by ILUVSAT

I'm not sure you could buy a house in Austin for less the $225-$250 PSF.

Probably more around $315 PSF, on average.

ILUVSAT · #17 Posted **Apr 2, 2022, 9:40 PM**

Quote:

Originally Posted by sewaneetigers

Probably more around $315 PSF, on average.

Agreed (in certain specific neighborhoods). That is not a metro-wide average.

sewaneetigers · #18 Posted **Apr 3, 2022, 5:27 AM**

Quote:

Originally Posted by ILUVSAT

Agreed (in certain specific neighborhoods). That is not a metro-wide average.

I am using 1,500 SQF/house as my baseline which gets you $317/SQF in the metro and $390 in Austin. You're spot on if you use 2,000 SQF/house.

ahealy · #19 Posted **Apr 3, 2022, 6:59 PM**

So a couple months until we see actual rebar on site? Anyone have inside info on when this will actually start?

agsatx88 · #20 Posted **Apr 10, 2022, 3:56 PM**

Looks like some utility work is going on at the parking lot where the construction offices are supposed to be staged. A concrete pad was poured and some large underground conduit installed. Not sure if it is related to this project since it would seem kind of strange for them to go with something this permanent/durable for temporary offices. Although, they will be there until at least 2027 so. Could also be an EV charging station.