Tishman Speyer’s tall Texas tower

A new skyscraper that will be one of Austin’s tallest is keeping a low profile. Dubbed 321 West, the tower has mixed-use ambitions that a press release calls “dynamic,” with planned luxury apartments, office space and retail. First announced in 2019, the 675-foot high-rise officially broke ground last week.

New York’s Tishman Speyer and Minneapolis-based Ryan are developing the tower at 321 West Sixth Street, near downtown Austin’s Republic Square. The building will be 58 stories tall and clad in glass and metal. It will have 140,000 square feet of offices on the 12th through 18th floors and 1,000 square feet of retail space on the ground floor.

Offices and residences will have separate lobbies at street level and parking in the 10-story garage that starts on the second floor. Its 369 apartments will occupy 321 West’s upper floors. A sky lounge and terrace will occupy part of the 55th floor, with the remaining residential stories rising by its side. It’ll all be contained in a 561,000-square-foot package.

The tower is one of many new Austin buildings designed by locally based Page, which is partnered with Handel and working with INC on interiors. In addition to 321 West, Tishman Speyer’s Austin investments include the purchase of East Austin’s recently completed mixed-use development Foundry I and Foundry II, which is 96 percent leased, according to the company.

Completed Ryan projects include the 560,000-square-foot Oracle headquarters in East Austin; the city’s 251,000-square-foot permitting and development center, which is part of an ongoing adaptive reuse and redevelopment project at the former Highland Mall; and the 32-story Thompson, a hotel and residential tower in downtown Austin.

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