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Kairoi Property Management – Lincoln Property Co and Kairoi break ground on a 74-Story Mixed-Use Project in Inner Austin that will open by the end of 2026
AUSTIN, TX – Development partners Lincoln Property Company (LPC) and Kairoi Residential have broken ground on a 74-story multi-use building called Waterline in downtown Austin. become the tallest tower in Texas when it opens in late 2026. The Public Sector Pension Fund Board, one of Canada’s largest pension fund managers is the right partner for this major development project.
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Located at 98 Red River St., Waterline will extend 1,022 feet above a lush 3.3-acre campus near the intersection of Waller Creek and Lady Bird Lake.
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Pursuing LEED Gold certification throughout the building, the project will include 352 luxury residences; 700,000 square feet of office space; and the 251-room 1 Hotel Austin — the first location in Texas for international hospitality company SH Hotel Resorts that focuses on the 1 Hotels brand.
Waterline is the third downtown Austin high-rise that LPC has co-developed and broken ground in the past three years. Sixth and Guadalupe, jointly developed with Kairoi Residential, will open next year with 66 floors of apartments, offices, and retail. Republic, a 48-story office tower near Republic Square Park, is slated to open in late 2024. When completed, the three buildings will be taller than any other skyscraper on Earth. iAustintoday.
“The city of Austin offers one of the most dynamic markets and atmospheres in the country, and we are excited to help its continued transformation,” said Seth Johnston, Vice President of the LPC. Austin. “Waterline is the new landmark for the city not because of its height but because of the positive impact of this project in improving connectivity, enhancing public goods, and attracting more people to this beautiful part of the city.”
Located on the east side of Waller Creek along the Waterloo Greenway, Waterline will serve as a new route from the Central Business District to the Rainey Street area. The development will add two new pedestrian bridges over the canal from the west, and additional public pedestrian and bicycle access points to the Waterloo Greenway from the east.
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The development team will contribute $1 million to the Waterloo Greenway Project to help fund improvements to the 1.5-mile urban trail that connects the University of Texas at Austin to Lady Bird Lake.
Designed by Kohn Pedersen Fox— an international architecture firm with a portfolio that includes 55 Hudson Yards and One Vanderbilttowers in New York City— Waterline will feature floor-to-ceiling windows, warm textures, and stone. original.
“Waterline offers a truly unique experience with unparalleled views, world-class materials and thoughtful design that connect the interior of the building with unique project environments throughout the building,” said Michael Lynd Jr. ., CEO of Kairoi Residential. “We are excited to introduce Austin’s popular program.”
The building’s ground floor is 24,000 square meters of retail and restaurant space that overlooks Waller Creek and the Waterloo Greenway, and is separated by a floodplain forest to preserve the natural experience for road users.
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1 Hotel Austin occupies the following 13 floors with a ballroom and meeting spaces on the 14thfloor and a rooftop pool and food and beverage service on the 16thfloor.
The office portion of the tower will occupy 27 stories with a 14-story floor plan featuring 24,000 square feet of outdoor space with a bar and lounge, indoor meeting spaces and a catering kitchen. for special events. Office tenants also have access to a 7,000-square-foot fitness center on the second floor that features cardio equipment and weights as well as a yoga and dance studio.
High-rise residences fill the building’s 33 stories offering residents access to two pools on the 41st floor and a lounge, bar, kitchen, and co-working space. There will be a movement studio, gym and steam room one floor above with whirlpools, hammocks, a BBQ pit, and a communal dining area.
“We’re excited to expand our portfolio to the largest faith markets and green properties in one of the fastest growing cities in the United States,” said Carole Guérin, Managing Director, CEO of America, Real Estate, PSP Investments. “This investment provides further momentum as the city of Austin continues to become a top U.S. market that offers a high quality of life, a supportive business environment, and opportunities exciting jobs and space for technology and innovation.”
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“We continue to see strong demand for new, high-quality residential, office and hospitality properties in high growth markets like Austin and are excited to support this brand, development Inclusion will be an important part of the community and the Austin line,” said Katie Keenan, BXMT Executive Director. “We look forward to continuing to fund low-cost, high-quality projects, and to work as a partner to high-quality, experienced sponsors such as LPC, Kairoi, and PSP Investments.”
Aventon Companies Enters Atlanta Market with Development of 300-Unit Aventon Exchange Apartment Community in Gwinnett County ATLANTA, GA – Aventon Companies, a leading, vertically integrated, multifamily developer and developer of projects force across the mid-Atlantic and South, said to have entered the Atlanta. market. Aventon Exchange will be a 300-foot, Class A development spread over 16 acres, located in…AUSTIN, Texas, October 28, 2019 // — Kairoi Residential, Lincoln Property Company, and DivcoWest has completed the partnership. to develop the 6xGuadalupe mixed-use tower in downtown Austin, Texas. Lincoln Property Company and Kairoi have extensive experience in owning and developing downtown Austin, and DivcoWest has a long history in the San Francisco marketplace and is known for its long-standing relationships with technology tenant.
Work has begun to begin construction, and the official demolition of the Extended Stay hotel is now scheduled for Tuesday, October 29.
Kairoi has been in the business of developing and maintaining multi-family homes since 2002. Over our lifetime, we have developed or owned over 27,000 units. in many cities and states across the country. Kairoi Residential has developed approximately $1.6 billion in new developments in San Antonio, Dallas, Chicago, Denver, Houston, Miami, and Austin.
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LINCOLN PROPERTY COMPANY – Development and construction has been Lincoln Property Company’s core business for over 50 years. Founded in Dallas, Texas, in 1965, Lincoln Property Company (LPC) currently maintains offices in 450 cities in the United States and Europe, and is known nationally for its comprehensive service. , physical investment and asset management program.
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Kairoi Residential, Lincoln Property Company, And Divcowest Have Closed Financing On The 66 Story Iconic, Mixed Use, High Rise Tower In Austin
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