Austin, TX

HSR Tops Out 700 River Residential Tower in Austin

The 43-Story Luxury Building is on Track for a Fall 2024 Opening

March 11, 2024

Rooftop view from 700 River in Austin, TX

Media Contact

Elise Maguire Ferrara

Senior Manager, U.S. Communications & Media

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High Street Residential (HSR), the residential subsidiary of Trammell Crow Company, BDT & MSD Partners and River Street Partners announce that construction has topped out at 700 River in Austin, Texas. The 377-unit residential tower, located at 700 River Street in Austin’s Rainey District, has reached its maximum height of 500 feet and is on track to welcome the first residents in fall 2024.

“We are grateful to DPR Construction and our many project partners for helping reach this important construction milestone safely and ahead of schedule. We are eager to open our doors this fall and offer residents an environment of uncompromising design and service,” said Matteo Pacifici of HSR. “700 River will provide an escape from the city, with its scenic views, convenient access to lakeside trails, and a range of wellness-focused amenities. The property will deliver a world-class cosmopolitan experience.”

Rising 43 stories, 700 River will include a mix of studio to three-bedroom apartments, in addition to a limited number of penthouse units, all with unobstructed views of Lady Bird Lake. Residents of the tower will have access to more than 30,000 square feet of private on-site amenities and will have the Butler Hike-and-Bike Trail at their front door.

HKS is the project’s architect, with collaboration from Lake Flato Architects. DPR Construction is acting as the general contractor. Other project partners include No Walls Studio, Civilitude, Thornton Tomasetti, Blum Consulting Engineers, Campbell Landscape Architecture, Clodagh Design, and Waldrop +Nichols Studio. The building will seek Austin Energy Two Star Certification, LEED Silver, and Fitwell Certification.

For more information about 700 River, visit 700river.com or check out the property’s Instagram and Facebook profiles.

High Street Residential

High Street Residential, the residential subsidiary of Trammell Crow Company, specializes in the development of multifamily housing. We have a deep background in urban, infill mixed-use residential development, as well as the redevelopment or repurposing of existing facilities. In the last 15 years, the firm has completed over $4 billion with a current pipeline of nearly 3,500 units. For more information, visit www.highstreetresidential.com.

Trammell Crow Company

Trammell Crow Company (TCC) is a global commercial real estate developer and wholly-owned subsidiary of CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Dallas. Founded in 1948, TCC has developed or acquired nearly 2,900 buildings valued at $75 billion and over 655 million square feet. As of December 31, 2023, TCC had $15.8 billion of projects in process and $13.3 billion in its pipeline. It employs 650 professionals in 26 major cities throughout the United States and Europe. The company serves users of and investors in office, industrial/logistics, healthcare, life sciences and mixed-use projects, as well as multi-family residential through its operating subsidiary High Street Residential. For more information visit www.TrammellCrow.com.