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58-story tower to add apartments, offices and retail to downtown Austin

Rendering of completed project at 321 W Sixth St. in Downtown Austin. (Neoscape)

Work on a 675-foot skyscraper that will add more apartments, offices and retail space to downtown Austin has started.

The tower, at 321 W. Sixth St., will have 58 stories and is one block east of another massive under-construction high-rise called Sixth and Guadalupe.

At this tower, known as 321 West, plans include 369 apartments occupying floors 22 through 54. Office space will take up 140,000 square feet and floors two through 11 will house 440 parking spaces.

It’s expected to be finished in late 2024 and coming together through a partnership with New York-based real estate developer Tishman Speyer and Ryan Companies, in Minneapolis.

The developers’ portfolio includes Rockefeller Center and Yankee Stadium and it boasts more than 300 restaurants, shops and bars within four blocks of the site.

The developers have made previous moves in Austin with Tishman Speyer acquiring an East Austin office complex last year. Ryan Companies developed the Oracle headquarters and the City of Austin’s Permitting and Development Center, as well as a tower at Fifth and Brazos.

Tishman Speyer told the Austin American-Statesman that 321 West will act as a magnet for those flocking to Austin from coastal gateway cities.

A drive-thru BBVA bank and Maiko Sushi restaurant, which have been demolished, were formerly at the site of the tower.


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