Greystar announces groundbreaking of Symphony Square office and residential development

The new Symphony Square development will include an office building and 32-story residential tower. (Courtesy Greystar Real Estate Partners)
The new Symphony Square development will include an office building and 32-story residential tower. (Courtesy Greystar Real Estate Partners)

The new Symphony Square development will include an office building and 32-story residential tower. (Courtesy Greystar Real Estate Partners)

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.

“Being able to develop this project in a way that respects the history of the site and the Austin Symphony’s connection to it was very important to us," Stevenson said.

Amenities for residents of The Waller are expected to include a two-story fitness center with a lap pool and yoga studio, a rooftop deck and lounge, a resort-style pool, and a combination indoor-outdoor pet area, according to Greystar. The Waller and adjacent office building, both designed by R2L:Architects, will also be connected by a fifth-floor sky bridge.

Greystar announced the Symphony Square project's groundbreaking in late June as demolition of existing structures on the site remains in progress. The developer said it expects the office portion of the project will be complete in early 2023, and The Waller will open to residents in July 2023.
By Ben Thompson

Austin City Hall Reporter

Ben joined Community Impact Newspaper in January 2019 after graduating with a degree in journalism from Northeastern University in Boston. After spending more than two years covering in The Woodlands area, he moved to Austin in 2021 to cover City Hall and other news throughout the city.


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