Feature Photo: A southwest view of 311/321 W. Sixth St. for the proposed residential/office high-rise tower. Image: Google Streets
by Art Benavidez
Austin (Travis County) — A New York real estate firm will be joining Ryan Companies in developing a mixed-use tower development in downtown Austin.
Tishman Speyer Properties LP will co-develop the 58-story project, according to the Austin Business Journal.
VBX first reported on the project in November of 2019 when Ryan Companies filed preliminary plans to build a 60-story, 530,371-square-foot office and apartment high-rise on a nearly half-acre tract comprising two lots at 311 and 321 W. 6th St.
A BBVA branch currently occupies the lot at 321 W. 6th St. and a 4,339 square foot sushi restaurant, which was built in 1950, occupies the lot at 311 W. 6th Street.
The Historic Landmark Commission approved the demolition of the buildings in April.
The working title of the project is 321 West and it is located in the city’s Central Business District.
The updated scope of work will include 140,000 square feet of office space across seven floors, along with 370 residential units totaling 300,000 square feet and ground-floor retail.
Apartment units will occupy floors 21 through 56 and consist of studio, one-, two- and three-bedroom apartments.
The tower will include 15,000 square feet of indoor and outdoor amenities, including a pool, fitness studio, co-working areas, game room, roof-deck lounge and pet areas.
Construction is expected to commence in late 2021.
The architect on the project will be Page Southerland Page and civil design will be conducted by Kimley-Horn.
VBX Project ID: 2021-6B12