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New tower to become second-tallest in Austin

(Skidmore, Owings and Merrill)

A proposed 64-story, 802-foot tower is slated to become the second-tallest skyscraper in Austin.


M2 Development Partners, the developers behind the plan, have projected an April 2022 groundbreaking with completion by 2025. The Austin American-Statesman reports the building has a total budget of $504 million and is set to be nestled on a 1.2-acre plot against the trendy Rainey Street District overlooking Lady Bird Lake.

At 802 feet, the tower would be higher than Austin's tallest current building, the Independent, which sits at 685 feet. However, a skyscraper currently under construction at West Sixth and Guadelupe streets is projected to reach 840 feet; the tower, dubbed "6 X Guadelupe," would become the city's tallest.

The 1.1 million square-foot tower will house space for 250 hotel rooms, 170 apartments and 150 condominiums. The mixed-use building will also hold 10,000 square feet of retail space, 30,000 square feet of banquet space, a 550-space parking garage and a rooftop restaurant.

M2's managing principal Timothy Morris told the Statesman that the hotel would be operated by a world-renowned luxury brand. In a news release, the firm stated that several potential equity partners are interested in investing in the tower.

M2 stated that a name will be announced in the coming weeks.

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