Developers Lincoln Property Company and Kairoi Residential are planning to begin construction of the Waterline project, a high-rise 74 story tower including 352 luxury residences, 700,000 square feer of office space and a 251 guest rooms 1 Hotel by SH Hotels & Resorts in downtown Austin Texas. At a height of 1,022 feet the LEED Gold building will become the tallest building in Texas surpassing the JPMorgan Chase Tower that was built in 1960 in Houston, Texas. The Kohn Pedersen Fox-designed tower will rise above a 3.3-acre campus on the intersection of Waller Creek and Austin’s treasured Lady Bird Lake, and feature floor-to-ceiling windows. Its ground floor will include 24,000 square feet of retail and restaurant space overlooking Waller Creek and Waterloo Greenway, which winds along the creek. The 1 Hotel will make its Austin debut with rooms occupying the building’s bottom 13 floors, a ballroom and meeting spaces on the 14th floor and a rooftop pool on the 16th floor. The tower’s office portion will occupy the next 27 stories, with upscale residences filling the top 33 floors. Michael Lynd Jr is CEO of Kairoi Residential; Seth Johnston is senior vice president of LPC; Blackstone Mortgage Trust provided a $675 million construction loan for the project.