Austin’s skyline will gain a commanding new addition with a 58-story condo tower. Set to rise 685 feet in the air, its height means it will soar into record books as the tallest structure in Austin, and the tallest residential building west of the Mississippi River.
The Independent will feature 370 condo residences, providing a wide array of size and price points, according to a statement from the developer, Conservative Ventures. Units will range from 675 to 3,485 square feet, with floorplans featuring one to three bedrooms. Prices will range from the mid-$300,000s to over $3 million.
“Residents at every age and stage of life can comfortably call this tower home – a real first for Austin – and that’s because of all the building’s distinct attributes. In addition to our own on-site amenities, the site’s location is at the nexus of some of Austin’s greatest amenities,” said Perry Lorenz, principal of Constructive Ventures, noting the site’s proximity to downtown’s trail network, new library and myriad of dining and shopping options.
The 950,000-square-foot project is located at the northeast corner of West 3rd Street and West Avenue. The City of Austin and Constructive Ventures entered into a master development agreement with the City of Austin for the 1.7-acre site, which is the former Austin Energy Control Center location, back in 2010. The City’s Economic Development Department is leading the project on behalf of the city.
Word broke in August that Aspen Heights would be Constructive Ventures’ development partner. A groundbreaking date and construction timeline are anticipated to be announced within a few months.
“We intend to build a tower that’s truly reflective – in its name, architecture, finishes, views, location and amenities – of Austin,” said Greg Henry, founder and CEO of Aspen Heights. “A building of this prominence should be mindful of not only a diverse set of future residents, but the entire community as well.”
The diversity of floorplans and amenities mirror the growing diversification of downtown Austin’s residential base. Building amenities encompass two full floors and extend over 20,000 square feet. Amenities will include: a children’s activity room/playground, dog park/lounge, pool, fitness center, yoga and barre studio, multiple club rooms, sky lounges, spa area with steam showers and a massage room, guest suites, theater, business center with conference rooms and more.
The desire to accommodate all phases of living drove much of the floor plate and floor plan design, said Brett Rhode, principal with Rhode:Partners, the project’s architect. Given the building’s height and prominence on the skyline, the team also felt compelled to create something visually unique and original. The Independent’s modern design was inspired by Austin’s bold and dynamic spirit. The movement between the building’s tiers represents life and action, an outward reflection of the lifestyle the team is creating in the interior of the building as well as with the surrounding community.
“These are homes gathered into an instantly recognizable presence on the city’s skyline – unique in the way it draws you closer to it. A tall building with a collection of place to live, experience and grow,” Rhode said.
Urbanspace, LLP, a leading player in the downtown condo market, has been selected to lead the sales and marketing efforts. The same firm most recently led the sales and marketing effort for the Seaholm Residences, all of which were reserved in record-time, and are all officially under contract months in advance of the project opening.
“This project is slated to make history in so many ways,” said Kevin Burns, broker and CEO of Urbanspace. “From the building’s positioning in the new center of downtown, to its design, floorplans, breathtaking views, amenities, and ground floor community experience, there’s a real potential to leave a lasting legacy with our city – and potential buyers recognize that. The Independent will elevate Austin to a new level of residential offerings, and to me, it’s a great pre-cursor of what’s to come.”
Rendering courtesy of Rhode:Partners/Neezo