Austin set to become home to the tallest tower in Texas
In the coming months, Austin is set to break ground on a 74-story tower that will host over 350 apartments, 251-room hotel and 686,000 sq ft of office space.
The 98 Red River tower, headed by Lincoln Property Co. and Kairol Residential, will be located on the corner of Cesar Chavez and Red River in the Rainey St district. Once constructed, the 1,000+ foot tower is said to become the tallest tower in the state of Texas, just taller than Texas’ current tallest tower, the JPMorgan Chase Tower located in downtown Houston that stands at a whopping 1,002 feet. There is no set price tag, but the project is projected to cost around $520 million.
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