Construction is set to get underway this spring on a
48-story office tower that will overlook downtown Austin’s Republic Square Park
and Lady Bird Lake.
The project, called The Republic, is being
developed by Dallas-based Lincoln Property Co. and Dallas-based Phoenix
Property Co. in conjunction with San Francisco-based real estate investment
firm DivcoWest. The developers say they have secured building permits for the
project and have nailed down the first tenant. The name of the tenant wasn’t
available.
The 833,000-square-foot high-rise will feature:
- A 750-square-foot private terrace on
each floor that has offices.
- A ground-level public plaza,
restaurant space, retail space, and direct access to Republic Square Park.
- A 19th-floor, 50,000-square-foot
indoor-outdoor space with conference rooms, a fitness center and spin
room, a club room with a lounge and bar, and a sky terrace overlooking the
park.
The high-rise will be built at 401 W.
Fourth St., currently the site of a pay-to-park lot.
Durham, North Carolina-based Duda Paine Architects is
designing the office tower; renderings show the sleek, modern style will
be highlighted by an abundance of glass. (Duda Paine also designed downtown
Austin’s iconic Frost Bank Tower.) Houston-based Harvey-Cleary is The
Republic’s general contractor.
“The building represents Austin’s spirit and dynamic
lifestyle — and we believe The Republic will be a modern hub for top
talent,” Seth Johnston, senior vice president of Lincoln Property, says in a
news release. “We have been intentional about every design feature throughout
our process. From the moment you arrive at The Republic, you will be immersed
in the beauty of our city, whether from a private terrace, shared amenity
space, or the ground-level plaza.”
