Groundbreak.

One Lady Bird Lake Under Construction at 151 S 1st St

298-unit mixed-use building by Related Companies under construction in Austin's South Central Waterfront district.

Everything you need to know about Austin's South Central ...
Everything you need to know about Austin's South Central ...Image via ATXtoday - 6AM City

One Lady Bird Lake, a 298-unit mixed-use building, is under construction at 151 S 1st St in the South Central Waterfront district, Austin. The 17-floor, 696,025 sq ft project by Related Companies features architecture by Kohn Pedersen Fox Associates PC.

South Central Waterfront District & Vision Framework - WGI
South Central Waterfront District & Vision Framework - WGIImage via WGI

Completion is set for February 2028, adding significant residential and commercial space to the neighborhood. The development aims to integrate into the urban landscape, enhancing local opportunities.

Austin South-Central Waterfront - CMG Landscape Architecture
Austin South-Central Waterfront - CMG Landscape ArchitectureImage via www.cmgsite.com

Public transit details are currently unavailable.

Redevelopment of Statesman site inches forward in Austin; Union ...
Redevelopment of Statesman site inches forward in Austin; Union ...Image via The Business Journals

Correction, Oct. 22, 2026: An earlier version of this story said the building had been approved and placed it in South Congress. It was already under construction, on a building permit issued in July 2025, and the site is in the South Central Waterfront district.

The project file
One Lady Bird LakeUnder Construction
Open the file ↗
Address
151 S 1st Street, Austin, TX 78704
Units
298
Floors
18
Height
200 ft
Sq ft
696,025
Completion
Feb 28, 2028

Every filing, company, change and story we have on this project, under construction as of our latest read of the record.

The Austin Brief · free

Every new Austin project, in your inbox at 8.

Read from the permits and filings each morning and written up as news. Free.

Free · unsubscribe anytime · no spam, just projects

Groundbreak covers 8 markets

  1. 1

    Nearly 900 Acres Leave Uhland ETJ for 700 MW Data Center Campus

  2. 2

    300-Unit, 30-Story Tower Proposed for Rio Grande Street

  3. 3

    TML Proposes $60M Municipal Center in Downtown Georgetown

  4. 4

    234-Unit Senior Living Project Filed in Leander's Northline

  5. 5

    Amazon's 1.2M SF Project Toaster Filed at $100M in Austin

More from Austin

All coverage ↗