Construction is scheduled to commence later this year on Wilson Tower in Austin. Initially planned to be the tallest building in Texas, the project has undergone significant downsizing since its announcement. Taylor Wilson, founder and president of multifamily housing developer Wilson Capital LP, has confirmed that construction will start at 410 E. Fifth St. in downtown Austin in November. The goal is to have Wilson Tower completed by August 2026.
The first step of the project involves demolishing the existing building on the site, the former Avenue Lofts. The city granted a demolition permit in late July, and structural demolition work is expected to commence in the coming weeks. Asbestos abatement work has already been completed at the site. After the demolition of the existing building, construction on Wilson Tower will begin immediately.
Apartments in Wilson Tower
Originally, Wilson Tower was proposed to be an 80-story skyscraper with 450 apartments. However, due to increased construction costs and interest rates, the design has been scaled down to 45 stories and 350 units. This adjustment was made during the spring.
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Wilson Tower in Austin will encompass a total of 792,196 square feet, with 398,400 square feet available for rent. The plans include a ground-floor lobby and retail space, residential units with parking from the second to the tenth floor, and exclusively residential floors from twelve to forty-four. The eleventh floor will have amenities, a leasing office, and a pool deck, according to a filing with the Texas Department of Licensing and Regulation dated August 18.
This marks the transition of Wilson Tower from its initial concept to the upcoming construction phase, demonstrating its adaptability to changing urban dynamics and market conditions.
