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New tallest tower in Texas joining Austin skyline late 2026

Last Tuesday, developers of what will be the new tallest building in Texas confirmed long-awaited details about the tower’s plans, including its name and of course – its height!

Located at 98 Red River Street near the convention center, the new tower, called Waterline, will have 74 stories and stand at 1,022 feet tall (just 20 feet above the current tallest building in Texas: Houston’s JP Morgan Chase building). 

Waterline will contain 700,000 square feet of office space, with 24,000 dedicated to retail and restaurant space on the ground floor. The next 13 floors will be home to 1 Hotel Austin – the first Texas location for hospitality company SH Hotel Resorts’ sustainability-focused 1 Hotels brand. The hotel will include 251 rooms and a rooftop pool with food and beverage service on the 16th floor. 

The commercial section of the building will make up the next 27 stories and will include an amenity deck on the 14th floor with 24,000 square feet of landscaped outdoor space, as well as a bar, lounge, meeting spaces and prep kitchen for events. 

The apartment homes will occupy the top 33 stories of the tower. On the 41st floor, residents will have exclusive access to two pools, a lounge, kitchen, coworking space and bar, as well as two workout studios, a steam room, soaking tubs, hammocks, a barbecue pit, and dining area on the floor above. 

As an effort to better connect the area with surrounding business and entertainment districts, Waterline developers Lincoln Property Company and Kairoi Residential will add two pedestrian bridges and three pedestrian and bicycle access points to Waterloo Greenway. The firms will also provide a $1 million contribution to the Waterloo Greenway initiative, specifically towards a project working to improve the 1.5-mile trail connecting the University of Texas to Lady Bird Lake. 

“Waterline marks a new milestone for downtown not only because of its height but also because of the positive impact this project will have on improving connectivity, enhancing public amenities, and attracting more people to this beautiful area of downtown,” said Seth Johnston, senior vice president of developer Lincoln Property. 

Designed by award-winning architecture firm Kohn Pedersen Fox, Waterline will feature top-of-the-line design elements such as floor-to-ceiling windows, warm textures, and native stone.

“Waterline will offer a truly unique experience with unrivaled views, world-class amenities, and a thoughtful design that connects the building’s interior with the project’s unique natural surroundings throughout the building,” says Michael Lynd Jr., CEO of Kairoi Residential. “We’re thrilled to introduce Austin’s next iconic project.”

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