Related Cos. is planning a new development in Austin’s South Central Waterfront District that could reach up to 575 feet, equivalent to approximately 50 stories. The project will feature a mix of residential, hotel, office, retail and dining spaces spanning over 200,000 square feet.
Located across from Ladybird Lake and within the tax increment reinvestment zone (TIRZ), this multi-tower project aims to transform the area into a bustling neighborhood with easy access to amenities. With an expected completion date in the near future, this development will add vibrancy and density similar to that of Austin’s Central Business District.
The TIRZ program was initiated in 2022 as a financing tool for targeted redevelopment areas like the South Central Waterfront District. Under this program, taxes collected on real estate improvements are allocated towards further enhancing the designated zone.
Experience luxury living at its finest with Related’s upcoming high-rise development in Austin – where convenience meets sophistication.
