Austin’s relentless growth and transformation show no signs of slowing down. New developments in Austin, TX, are constantly reshaping the city’s skyline, and 2024 is no exception. This two-part blog post will explore the most anticipated Austin, TX, new developments for 2024.
Downtown Austin Real Estate Market Watch
As of April 2024, the median list price of homes in Downtown Austin was $850,000. However, Austin real estate trends are always changing. Contact Capital Downtown Realtors for help buying and selling homes in Austin, TX.
Sixth and Guadalupe stands tall at the epicenter of Austin’s vibrant downtown scene. It’s more than just a mixed-use tower—it’s a testament to the city’s unique urban experience. Developed by Lincoln Property Company, this 66-story tower boasts the title of one of Austin’s tallest buildings.
It offers a perfect blend of high-end residences (349 units), Class-A office spaces, and street-level retail for all your shopping needs. Need a break from the hustle and bustle? Take in the breathtaking 35-mile views from the building’s expansive rooftop terrace, the largest of its kind in Austin.
While Sixth and Guadalupe currently holds the title of tallest tower, a new contender is rising on the shores of Rainey Street—Waterline. This awe-inspiring development takes things a step further, aiming to be the tallest tower in Austin upon completion in 2026.
What can you expect at Waterline? Imagine a luxurious paradise featuring the upscale 1 Hotel Austin and over 350 high-end apartments. It will also feature a staggering 700,000 square feet of office space. This mixed-use development promises to be a game-changer for the Rainey Street district.
Originally envisioned as an 80-story giant, Wilson Tower has undergone some revisions. It will now stand at a respectable 45 stories, making it a worthy competitor to the Frost Bank Tower. Construction has just begun, so completion is still a way off, but the wait will be worth it.
The Block 21 development, home to the iconic ACL Live music venue and the W Austin Hotel, is undergoing a $40 million facelift. Public areas like the hotel entrance and dining spaces will receive a refresh. At the same time, ACL Live will gain a spacious new 2,060-square-foot terrace. It is perfect for enjoying the outdoors before or after a show. Expect these renovations to be completed by summer 2024.
Luminary is a sophisticated 35-story condo tower currently in the planning stages. This development promises a luxurious experience with 286 residences and over 4,800 square feet of space for retail and restaurants.
What development are you most excited about?
This post only scratches the surface of Austin’s exciting new developments. Part 2 will explore more projects transforming the city. Keep an eye out for the next post to learn about more developments on the way!
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