New Condo Project to Break Ground at 5th and West

Fifth and West is the location in Downtown Austin that is set to break ground on what is slated to be the fifth-tallest building in the city. The condo tower is projected to be 448 feet tall.

The soon-to-start project is planned for the northeast corner of Fifth and West intersection. Demolition on the current site will start later by the end of October. The 39-story tower will bring 154 new luxury condos to the Austin real estate market. Barring any setbacks, the tower is expected to open in the fall of 2017. A spokesman for the developer, Riverside Resources, stated that units will start in the $500,000s.

Riverside Resources is the company that built the Whitley apartment high rise in downtown. They have since sold that project, and have set their sights on a new office building near Capital of Texas Highway (Loop 360) and Bee Cave Road, among other projects.

This project, named Fifth & West Residences, will be the second condominium tower to be under construction downtown. The other one is the 30-story Seaholm Residences at the former Seaholm Power Plant on West Cesar Chavez. The upscale tower will include conference spaces, outdoor and lounge areas, a fitness center, a yoga studio, a pool deck and a dog park — complete with an indoor lounge and coffee bar.