Feature Illustration: Artist rendering of the project with the Austin skyline in the background. Image: BOGZA.
Posted: 7-26-2026
Austin (Travis County) — Pearlstone Partners, an Austin-based real estate development firm, has announced a partnership with Viceroy Hotels & Residences to introduce Viceroy Residences Austin, the globally recognized luxury hospitality brand’s first residences in Texas. Formerly known as The Belvedere, the 146-residence development is currently under construction at 300 Pressler St. between downtown Austin and Lady Bird Lake. It is slated for completion in the fourth quarter of 2027.
With Pearlstone Partners’ expertise in luxury residential development and Viceroy’s philosophy of discovery through place, the collaboration introduces a residential experience where thoughtful design, personalized hospitality, and meaningful connections to Austin’s culture come together. Viceroy Residences Austin invites residents to experience the city through a new perspective and become part of the stories that continue to shape it.
“From the beginning, we believed this site represented one of the most compelling opportunities in Austin,” said Bill Knauss, CEO and founding partner of Pearlstone Partners. “The fact that Viceroy selected it as the brand’s first residential address in Texas reinforces that vision. Together, we’re creating a residential experience that reflects the character of Austin while delivering the exceptional hospitality and service that define the Viceroy name.”
As branded residences continue to gain momentum among luxury buyers worldwide, Viceroy Residences Austin marks an important milestone in the continued evolution of Viceroy’s global real estate portfolio, according to a news release. The project joins Viceroy’s expanding collection of hotels and residences in exceptional destinations including Miami; Algarve, Portugal; Los Cabos and Riviera Maya, Mexico; Snowmass, Colorado; Sun Valley, Idaho; and Sugar Beach, Saint Lucia, bringing the brand’s signature approach to hospitality, design, and residential living to one of Austin’s most sought-after neighborhoods. Each Viceroy destination is conceived as a world of its own, distinctly shaped by its surroundings while connected by the brand’s commitment to inspired design, thoughtful service, and experiences that encourage discovery.
Arash Azarbarzin, CEO of Viceroy Hotels & Residences, said that this particular development stood out for its exceptional location at the intersection of downtown Austin, Lady Bird Lake, and the city’s established residential neighborhoods, offering both immediate access to Austin’s cultural energy and a genuine sense of retreat.
The two residential buildings are centered around an expansive resort-style pool with a dedicated 75-foot lap lane, complemented by a poolside lounge and bar. Residents will also enjoy a state-of-the-art fitness center, a dedicated wellness and recovery spa featuring cold plunges, infrared and Halo+ red light therapy, traditional saunas, and treatment rooms. Reflecting Viceroy’s belief that wellness begins with presence, the amenities are designed to support restoration, movement, connection, and moments of stillness throughout daily life. Owners’ lounges, including a sports lounge with a multi-sport simulator, co-working spaces, conference rooms, secure garage parking, and a year-round calendar of curated cultural, culinary, and wellness programming further extend the residential experience. Future on-site food and beverage offerings are planned through thoughtfully selected culinary partnerships that reflect Austin’s local talent, flavors, and creative spirit.
Designed by architecture firm KTGY with interiors by Kim Lewis Designs, each of the 146 residences features spacious layouts, premium materials, and expertly crafted touches like expertly cDesigned by architecture firm KTGY with interiors by Kim Lewis Designs, each of the 146 residences features spacious layouts, premium materials, and expertly crafted touches such as high ceilings and floor-to-ceiling windows. Every residence is thoughtfully completed from the moment of delivery, with custom chef’s kitchens featuring natural stone countertops, designer tile, and a suite of high-performance Thermador appliances. Mudrooms, generous storage, and spa-inspired bathrooms complete homes designed for effortless daily living. Refined yet relaxed, the residences translate Viceroy’s design philosophy into spaces that feel elevated, comfortable, and distinctly connected to their setting.
Three distinct finish palettes — Tranquil, Twilight, and Trailhead — provide residents with thoughtfully curated interior expressions inspired by Austin’s landscape, combining timeless materials, organic textures, and enduring craftsmanship. Residences start below $1 million, with signature penthouses exceeding $6 million.
The news release noted that residents will enjoy direct access to one of Austin’s most beloved outdoor destinations: the Butler Hike-and-Bike Trail at Lady Bird Lake. In partnership with Austin Parks Foundation, a new on-site trailhead will connect residents directly to the lake, creating convenient access for morning runs, weekend walks, and time outdoors. The connection will be further enhanced by a new park on the property’s lawn, featuring upgraded sidewalks, dedicated bikeways, and improved public access to the trail. This direct relationship with Lady Bird Lake reinforces Viceroy’s commitment to creating experiences that draw residents more fully into their surroundings and the natural rhythm of the destination.
Edited from news release.
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