New planned tower could be Austin’s second-tallest building

new tower planned on 3rd and west aveA new high-rise tower is being planned in downtown Austin that could become the city’s 2nd tallest. Located at the corner of third street and West Avenue on 1.7 acres the new building could be as tall as 50 stories or more. It’s expected to have 400 condos, 120,000 sf of office space, and 15,000 sf of retail space.

The developers of the project are Perry Lorenz and Larry Warshaw with Constructive Ventures. Construction is set to start later in 2015 and take up to 2.5 years at a cost of over $200 million. Constructive Ventures paid the city of Austin $19 million for the land.

The current tallest building is the 56 story Austonian condo high rise.

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