{"id":1004767235,"date":"2025-08-04T01:52:29","date_gmt":"2025-08-04T09:52:29","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004767235"},"modified":"2025-08-04T02:22:41","modified_gmt":"2025-08-04T10:22:41","slug":"lincoln-kairoi-top-out-texas-tallest-tower","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/lincoln-kairoi-top-out-texas-tallest-tower\/","title":{"rendered":"Lincoln, Kairoi Top Out Texas&#8217; Tallest Tower"},"content":{"rendered":"\n<p><\/p>\n\n\n<div class=\"wp-block-image\">\n<figure data-wp-context=\"{&quot;imageId&quot;:&quot;6a28da680c9c5&quot;}\" data-wp-interactive=\"core\/image\" class=\"alignright size-full is-resized wp-lightbox-container\"><img loading=\"lazy\" decoding=\"async\" width=\"1000\" height=\"749\" data-attachment-id=\"1004767236\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/lincoln-kairoi-top-out-texas-tallest-tower\/waterline\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/08\/Waterline.jpg\" data-orig-size=\"1000,749\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;1753378966&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;1&quot;}\" data-image-title=\"Waterline\" data-image-description=\"&lt;p&gt;Exterior shot of Waterline, an office building underway in Austin, Texas.&lt;\/p&gt;\n\" data-image-caption=\"&lt;p&gt;The 2.7 million-square-foot project will feature 26 office stories and 33 residential floors on top of a 13-story hotel, as well as two amenity floors. Image courtesy of DPR Construction  &lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/08\/Waterline.jpg?w=1000\" data-wp-class--hide=\"state.isContentHidden\" data-wp-class--show=\"state.isContentVisible\" data-wp-init=\"callbacks.setButtonStyles\" data-wp-on-async--click=\"actions.showLightbox\" data-wp-on-async--load=\"callbacks.setButtonStyles\" data-wp-on-async-window--resize=\"callbacks.setButtonStyles\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/08\/Waterline.jpg\" alt=\"Exterior shot of Waterline, an office building underway in Austin, Texas.\" class=\"wp-image-1004767236\" style=\"width:400px\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/08\/Waterline.jpg 1000w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/08\/Waterline.jpg?resize=300,225 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/08\/Waterline.jpg?resize=768,575 768w\" sizes=\"auto, (max-width: 1000px) 100vw, 1000px\" \/><button\n\t\t\tclass=\"lightbox-trigger\"\n\t\t\ttype=\"button\"\n\t\t\taria-haspopup=\"dialog\"\n\t\t\taria-label=\"Enlarge\"\n\t\t\tdata-wp-init=\"callbacks.initTriggerButton\"\n\t\t\tdata-wp-on-async--click=\"actions.showLightbox\"\n\t\t\tdata-wp-style--right=\"state.imageButtonRight\"\n\t\t\tdata-wp-style--top=\"state.imageButtonTop\"\n\t\t>\n\t\t\t<svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"12\" height=\"12\" fill=\"none\" viewBox=\"0 0 12 12\">\n\t\t\t\t<path fill=\"#fff\" d=\"M2 0a2 2 0 0 0-2 2v2h1.5V2a.5.5 0 0 1 .5-.5h2V0H2Zm2 10.5H2a.5.5 0 0 1-.5-.5V8H0v2a2 2 0 0 0 2 2h2v-1.5ZM8 12v-1.5h2a.5.5 0 0 0 .5-.5V8H12v2a2 2 0 0 1-2 2H8Zm2-12a2 2 0 0 1 2 2v2h-1.5V2a.5.5 0 0 0-.5-.5H8V0h2Z\" \/>\n\t\t\t<\/svg>\n\t\t<\/button><figcaption class=\"wp-element-caption\">The 2.7 million-square-foot project will feature 26 office stories and 33 residential floors on top of a 13-story hotel, as well as two amenity floors.<em> Image courtesy of DPR Construction  <\/em><\/figcaption><\/figure><\/div>\n\n\n<p>A joint venture between Lincoln Property Co. and Kairoi Residential has topped out Waterline, the tallest building in Texas. The mixed-use Austin tower has 74 stories and rises 1,025 feet, 23 feet taller than the JPMorgan Chase Tower in Houston, previously the tallest building in the state since 1981.<\/p>\n\n\n\n<p>The developers <a href=\"https:\/\/www.commercialsearch.com\/news\/lincoln-property-kairoi-break-ground-on-520m-austin-project\/\">broke ground<\/a> on the 2.7 million-square-foot project in September 2022 and funded the construction with a $742.5 million loan, according to Yardi Research Data. Lincoln Property Co. originated the loan from Blackstone Group that is set to mature in 2027.<\/p>\n\n\n\n<p>Partners on the project include general contractor DPR Construction, equity partners PSP Investments and design architect Kohn Pedersen Fox. HKS Architects is the architect of records.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity has-very-light-gray-to-cyan-bluish-gray-gradient-background has-background is-style-wide\"\/>\n\n\n\n<p><strong>READ ALSO:<\/strong> <a href=\"https:\/\/www.commercialsearch.com\/news\/emerging-us-tech-markets-are-having-a-moment\/\">Emerging US Tech Markets Are Having a Moment<\/a><\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity has-very-light-gray-to-cyan-bluish-gray-gradient-background has-background is-style-wide\"\/>\n\n\n\n<p>Set to come online next year, the skyscraper is taking shape at 98 Red River St. within the city\u2019s downtown and close to Interstate 35. Austin-Bergstrom International Airport is less than 10 miles away.<\/p>\n\n\n\n<p>The tower will feature a 252-key hotel across 13 floors, 26 office stories totaling 700,000 square feet and 352 units across 33 floors above the office space. The property will also have two floors reserved for residential amenities and a penthouse amenity story, along with 24,000 square feet of publicly accessible retail and restaurant space.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-austin-s-office-pipeline-ranks-high\">Austin\u2019s office pipeline ranks high<\/h2>\n\n\n\n<p>Austin\u2019s office development pipeline at the end of June ranked third nationally, according to the latest <a href=\"https:\/\/www.commercialsearch.com\/news\/office-report-maturities-rise-as-vacancies-intensify\/\">Yardi Matrix office report<\/a>. The metro had 2.7 million square feet under construction, accounting for 2.8 percent of its total inventory\u2014the largest share in the country.<\/p>\n\n\n\n<p>Lincoln Property Co. is working on <a href=\"https:\/\/www.commercialsearch.com\/news\/austins-office-market-ranked-second-for-development\/\">another project in the city<\/a>. In 2022, the firm partnered with Phoenix Property Co. and DivcoWest to develop The Republic, an 833,000-square-foot office tower set to come online later this year.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The mixed-use skyscraper is set to come online next year.<\/p>\n","protected":false},"author":3355,"featured_media":1004767236,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1578,21782,21808,21742,21747,51973],"tags":[36580,52193,47588,33717,34930,40152],"class_list":["post-1004767235","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-austin","category-development","category-featured","category-latest","category-office","category-southwest","tag-dpr-construction","tag-hks-architects","tag-kairoi-residential","tag-kohn-pedersen-fox","tag-lincoln-property-co","tag-psp-investments"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Lincoln, Kairoi Top Out Texas&#039; 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