A new mixed-use development at Symphony Square centered around a seven-story office project and The Waller, a 32-story residential tower, will soon rise on the northern edge of the Red River Cultural District, Greystar Real Estate Partners announced June 23.
Located northeast of the intersection of Red River and E. 11th streets, Greystar's Symphony Square development will include 5,000 square feet of retail and restaurant space in addition to 160,000 square feet of office space next to The Waller and its 388 studio, one-, two- and three-bedroom apartments. The development represents another new component of Austin's downtown innovation district in addition to the redesigned Waterloo Park, expected to launch in mid-August, and the former Brackenridge hospital campus that could soon be home to a mixed-use development of its own.
“It’s a truly unique location in one of the most dynamic parts of downtown Austin,” Matt Stevenson, Greystar's director of development, said in a statement. “The energy generated by the opening of Waterloo Park and the launch of the Innovation District–along with the ongoing buildout of the Waterloo Greenway–creates the ideal environment for this kind of landmark project.”
The Greystar project is being built around the existing Symphony Square on Waller Creek, and will also add a public walkway to that space in addition to new offices and a box office for the Austin Symphony Orchestra. Greystar also said the Waller Creek trail that runs through the district will remain open while the project is under construction.
