Planned 74-story development in downtown to get luxury hotel

A 74-story tower planned for downtown Austin’s Rainey district has landed a luxury hotel brand for the project.

1 Hotels, which bills itself a sustainably focused luxury brand, will join the mixed-use development at 98 Red River St., along Waller Creek. The project’s plans call for 352 apartments, 686,000 square feet of office space and a 251-room hotel.

The tower — which will be the tallest building in Austin if completed as planned — has not officially been named and 1 Hotels did not say when the location is expected to open. Augustine Verrengia, civil market leader with WGI, the project’s civil engineering firm, said earlier this year that 98 Red River will be more than 1,000 feet tall.

1 Hotel Austin will include a pool on the 16th floor of the tower and will have spanning views of Austin and the Waller Creek greenway below, the company said.