Announced

Block 87

Block 87 is planned for the last full undeveloped block in the core of downtown Austin, conceived as a transformative mixed-use tower that stitches together office, residential, and street-level retail on a prominent East CBD parcel steps from Congress Avenue and the Convention Center.

Official Website
TMW IntelligenceVerified Oct 8, 2026
AnnouncedBreaking GroundConstructionOpening SoonNow Open
515
Units
31
Floors
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Details

701 Trinity Street, Austin. 31 floors and 515 residences.

The story so far
Announced Jan 2020Block 87 mixed-use tower design publicly revealed for the full downtown block Cielo/The Town Lake Company acquired in Dec 2018; 515 apartments over 9 commercial + 17 residential floors, 414,343 SF
austin.towers.net
Development paused Mar 2026Town Lake Company CEO Rob Gandy told the Austin Business Journal the firm will not build on Block 87 for now as leasing cools and financing tightens
hoodline.com
Tower plans paused Mar 2026The Town Lake Company holds off on building Block 87 and its other downtown parcels as Austin office leasing cools and construction financing tightens
hoodline.com
Expected opening date TBD
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The outlook for Block 87

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The Austin market 22 · Balanced supplyDowntown Austin 6-project pipeline · 1,775 residences and keys · peak Early ’28 Explore the market →
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About the project

Block 87 is planned for the last full undeveloped block in the core of downtown Austin, conceived as a transformative mixed-use tower that stitches together office, residential, and street-level retail on a prominent East CBD parcel steps from Congress Avenue and the Convention Center. Its defining architectural move is a curved, near-triangular tower footprint that threads the state Capitol View Corridors — a broad five-story base fills the entire block before tapering into a slender point tower above. The program stacks floors of workplace beneath a residential upper volume of roughly five hundred apartments, with ground-floor restaurant and retail activating all four street frontages and several below-grade parking levels tucked underground. Targeting LEED Platinum and WELL Platinum certification, the design leans on daylight, wellness amenities, and sustainable systems to court premium tenants, and is envisioned as a landmark gateway knitting the eastern edge of the central business district back into the city fabric.

Developer & design
Common questions

Frequently asked

Where is Block 87 located?

Block 87 is located in Austin.

When will Block 87 be built?

Block 87 is an announced development that has not yet started construction.

Who is developing Block 87?

The Town Lake Company is the developer behind Block 87.

Who designed Block 87?

Block 87 was designed by Studio 8 Architects.

How big is Block 87?

Block 87 rises 31 stories with 515 residences.