Waterline Tops Texas Skyscrapers with Completion of Austin Tower

Lincoln Property Co. and Kairoi Residential have completed construction on Waterline, Texas' tallest tower, in downtown Austin. The mixed-use property features 352 multifamily units across 33 levels, 703,000 square feet of office space spanning 24 floors, and 252 hotel keys taking up 13 stories.

The $742.5 million self-financed construction loan originated in June 2022 is due in June 2027, according to Yardi Matrix data. The development team included general contractor DPR Construction, designer KPF, structural engineer Brockette Davis Drake, and MEPF engineer Alvine & Associates.

Waterline dethroned Houston's JPMorgan Chase Tower by 23 feet for the top Texas spot at 1,025 feet. Community amenities include a coworking lounge, conference rooms, a podcast space, a poker venue, a golf simulator, in addition to several swimming pools.