Related Companies Partners on 18-Story Austin Waterfront Condo One Lady Bird Lake

Related Companies is partnering with Christopher Investment Company and Wheelock Capital to build One Lady Bird Lake, an 18-story, 101-unit luxury condo project at 125 South First Street in Austin, the New York developer headed by Jeff Blau announced. The waterfront development, expected to be completed in early 2028, will span 235 feet of lakefront with views of Lady Bird Lake and the downtown Austin skyline. KPF is the architect. Amenities include a 70-foot pool, spa with steam room, sauna, hot tub and cold plunge, meditation garden, fitness center with yoga studio, and 6,000 square feet of ground-floor retail and restaurant space. Moreland Properties is handling sales from a sales center at 401 South First Street. The project joins a growing pipeline of Texas luxury condos as buyers shift from sprawling estates toward turnkey vertical living. In Austin, Pearlstone Partners is building the 146-unit Viceroy Residences, backed by a $154.5 million loan from Benefit Street Partners.