A new 58-story condominium tower called The Independent will soon become the tallest structure in Austin, according to a news release issued April 13.[/caption]A new 58-story condominium tower called The Independent will soon become the tallest structure in Austin, according to a news release issued April 13.
The new, 950,000-square-foot, 370-unit condo tower will also be the biggest residential building west of the Mississippi River, according to Constructive Ventures and Aspen Heights, the two developers responsible for the project. The 685-foot-tall building will be constructed on the northeast corner of West Third Street and West Avenue at the former Austin Energy Control Center location.
The one- to three-bedroom condo units will range between 675 to 3,485 square feet, according to the developers, and cost from $350,000 to more than $3 million.
"Residents at every age and stage of life can comfortably call this tower home—a real first for Austin—and that's because of all the building's distinct attributes," said Perry Lorenz, Constructive Ventures principal, in a statement. "In addition to our own on-site amenities, the site's location is at the nexus of some of Austin's greatest amenities."
The 1.7-acre site falls near much of the new construction in downtown Austin surrounding the former Seaholm Power Plant, which is being redeveloped into a mixed-use project that includes office, residential and commercial services such as a Trader Joe's grocery store. The new central library is also being constructed nearby.
The project does not yet have a timeline or anticipated groundbreaking date. Urbanspace LLP will help market and sell the condos. More project information should be announced in the coming months, according to the news release.
"We intend to build a tower that's truly reflective—in its name, architecture, finishes, views, location and amenities—of Austin," said Greg Henry, Aspen Heights founder and CEO, in a statement. "A building of this prominence should be mindful of not only a diverse set of future residents but the entire community as well."
