another day, another tower
Canadian hospitality group sets the stage for new 35-story Austin tower
Brace yourselves, Austin: Another skyscraper full of condos is coming downtown. This time, a 35-story tower will occupy a .81-acre lot at the northwest corner of 14th St. and Guadalupe, just steps away from the State Capitol.
The new tower, dubbed Luminary, is being built by Northland Living, an affiliate company of Canadian hospitality group Northland Properties Corp., which has developed mixed-use communities in nearby Cedar Park and in Dallas.
It will accommodate 286 luxury condos; 4,800 square feet of ground-level retail space, including availability for a restaurant; and 10,000 square feet of office space for the Combined Law Enforcement Associations of Texas (CLEAT), which currently occupies the space on the site. Amenities of the tower include a 6.5-level "parking structure," a pool, fitness facilities, and spacious indoor and outdoor areas for gathering.
Sales for Luminary condos will begin in 2025.Rendering courtesy of Page
“Our ultimate goal is to bring beautiful, functional and timeless living to a part of downtown Austin that’s ideal for a residential community,” said Northland president and COO Tony Kaleel in a release. “We’re uniting enduring design with the character and charm of the surrounding area.”
It's anticipated 400-foot-tall height will make it one of the tallest buildings in the northwest downtown Austin area, a press release says. For comparison, the iconically-designed One Eleven Congress building is just over 400 feet tall. And the newly-constructed, 875-foot-tall Sixth and Guadalupe tower surpassed The Independent as the tallest skyscraper in Austin in 2023.
According to the release, the condos at Luminary will begin at about $600,000 and go up to over $3 million, with "a number of units" below a seven-figure price tag. Meanwhile, a recent housing report has unveiled Austin has fallen behind on developing more affordable housing in the city.
Urbanspace LLP founder and CEO Kevin Burns, whose company is in charge of marketing and sales for the tower (and recently debuted the new restaurant Bacalar), said Luminary will offer "attainable home ownership for urban dwellers seeking the city energy."
"Additionally, new homes for less than $1 million in downtown Austin fill a much-needed void, and are particularly attractive to young professionals, empty nesters, and people wanting a lock-and-leave lifestyle or second residence,” he said.
Sales and construction are scheduled to begin in early 2025, with the first round of homes expecting completion and delivery in 2028.
More information about Luminary can be found on luminaryaustin.com.