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Old September 1st, 2007, 07:04 PM   #1
MDguy
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AUSTIN | The Austonian | 208m | 56 fl | Com

Here is Austins new tallest, It broke ground yesterday and is scheduled to be completed in 2010




Ambitious Austonian breaks ground
Austin Business Journal - 2:52 PM CDT Friday, August 31, 2007
The two-foot high mound of red dirt on the concrete parking lot at Second Street and Congress Avenue Friday morning belied the immensity of the elliptical structure that will soon rise there.

At 56 stories and 683 feet, the Austonian condo building will dominate the Austin skyline. Dozens of dignitaries, buyers, media representatives and project team members turned out this morning for a ceremony marking the groundbreaking of the unique building

"Austin is going through a transformation right now," says Terry Mitchell of Momark Development, the strategic marketing director for the project. "We're becoming a city that has a downtown that really beats and we're excited to be part of that."

Mayor Will Wynn and Sen. Kirk Watson also commented on the project and its impact on the city, later wielding shovels in the ceremonial groundbreaking. Benchmark Development, the Austin subsidiary of Spain's Grupo Villar Mir, is the developer behind the Austonian, which is scheduled for completion by early 2010.

"We're going to build a landmark in the city of Austin and in the state of Texas," says Tomas Garcia with Grupo Villar Mir. He says the company has secured all of the financing needed for the project through Spanish lenders.

For his part, Wynn says he believes the Austonian is a prime example of the residential demand in downtown Austin. "Urbane, mixed-use density has dramatic benefits economically, environmentally and socially," he says.

The 188-unit building will include as much as 17,000 square feet of ground floor and mezzanine-level retail fronting Congress and Second. CB Richard Ellis is handling the leasing on that portion of the project, which some team members believe could end up being an urban grocery market of some kind.

With unit prices starting at $500,000, the Austonian may be the most ambitious of the numerous downtown condo developments. But demand among those projects already underway appears to be strong. About 40 percent, or 96 of the units, in the Spring project near Lamar Avenue and 5th Street are already sold and Larry Warshaw, one of the partners in that development says prices will soon go up on certain unit types. Meanwhile, about 90 percent of the 430-unit 360 project are under contract.

Last edited by MDguy; September 1st, 2007 at 07:12 PM.
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Old September 1st, 2007, 07:09 PM   #2
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great height and design for austin.
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Old September 1st, 2007, 07:15 PM   #3
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a few more renderings



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Old September 1st, 2007, 07:18 PM   #4
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yay I'm going to Austin this fall or next spring I'll be sure to drive by this building
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Old September 18th, 2007, 05:48 AM   #5
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from ssp

Quote:
Originally Posted by Mopacs View Post
Here's a 'preview' of what's to come in a few years, if my novice photoshopping efforts are any indication. I've superimposed the renderings atop these old photos...

Auditorium shores:



From the Book People parking garage, on Lamar




From Longhorn Dam (Pleasant Valley Rd at Lakeshore)



From Riverside Drive



I-35 Frontage Road

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Old September 18th, 2007, 07:50 AM   #6
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Austin is like Dubai in Texas.
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Old September 18th, 2007, 12:41 PM   #7
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Nice tower. It will give Austin a real skyline look. Now it's still a bit boring and small although the city itself is quite nice.
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Old September 18th, 2007, 01:46 PM   #8
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wow...it sure looks tall
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Old September 20th, 2007, 02:35 AM   #9
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Yea! finally they start building this thing
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Old September 20th, 2007, 11:15 PM   #10
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nice design, i like it. has some classical elements in it i think
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Old September 21st, 2007, 05:50 AM   #11
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great news for the capital of texas. go austin!!!!!
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Old September 22nd, 2007, 09:01 PM   #12
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any news from the site? Is it moving along?
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Old October 11th, 2007, 05:17 AM   #13
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I'm so excited for Austin! YAY!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
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Old October 15th, 2007, 06:11 AM   #14
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Quote:
Originally Posted by hello345 View Post
any news from the site? Is it moving along?
Yes. They are well on their way at the site. Mostly excavation work right now, but construction has definitely started with the site fenced off, dirt being moved and several earth movers on site.
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Old October 16th, 2007, 02:39 AM   #15
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subtle but sexy.. nvm i can't find the right words. Kick ass tower Austin!!
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Old April 6th, 2008, 11:25 PM   #16
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from ssp!

Quote:
Originally Posted by LoneStarMike View Post
Here's a couple of photos from April 3 - from the 15th floor of the Hampton Inn.



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Old April 7th, 2008, 03:33 AM   #17
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Why is there such a demand for highrise residential in DT Austin?
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Old August 1st, 2008, 02:44 AM   #18
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^ no clue.

here's an update from shanny at ssp.
* not to be mistaken for the u/c building in the background, its in the foreground
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Old August 1st, 2008, 03:53 AM   #19
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nice design! i especially like the first render.
i dunno why but the name made me laugh
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Old August 1st, 2008, 04:24 AM   #20
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the austonian looks really nice. looks like a winner!!
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