Project Bolo Tower Seeks Taller Downtown Austin Limits
Owners and buyers near downtown Austin should watch whether the proposed 87 condos and 221 hotel rooms clear Capitol View Corridor limits.
Updated on Nov. 5, 2026 in Commercial
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A developer has filed a rezoning application for Project Bolo at 402 and 408 Congress Avenue in Austin, proposing 87 condos, 221 hotel rooms and a restaurant. The application seeks a height range of 750 to 1,200 feet, which would make the tower the tallest in Texas if approved, and the site partially falls within a Capitol View Corridor.
Why it matters
For Austin homeowners and buyers, a tower of this scale signals how quickly downtown condo supply and pricing could shift. Capitol View Corridor height limits exist to protect sightlines to the Texas Capitol, so any change to them affects the skyline and the property values tied to it.
Project Bolo proposes 87 condos, 221 hotel rooms and a restaurant on two Congress Avenue parcels. The top downtown sale in a recent October week was $5 million for an Austonian condo, about $1,700 per square foot.
The players
Related Companies
A national developer behind major urban residential and mixed-use projects, including the 18-story One Lady Bird Lake condo in Austin.
Christopher Investment Company
A development firm co-building the 18-story, 101-unit One Lady Bird Lake luxury condo in Austin.
Wheelock Capital
An investment firm co-developing the 18-story, 101-unit One Lady Bird Lake luxury condo in Austin.
The details
The application would rezone two parcels at 402 and 408 Congress Avenue to permit a tower between 750 and 1,200 feet tall. Part of the site falls within a Capitol View Corridor, where downtown building heights are restricted so the Texas Capitol remains visible. The developer's request would therefore have to clear that protection to reach the proposed height. The new Austin Convention Center, set to open in 2029 and 70 percent larger than its predecessor, may add demand that the extra hotel rooms could serve.
Timeline
October 2026: nine homes and condos priced at $2 million or more traded hands downtown in one week.
2029: the new Austin Convention Center is set to open, 70 percent larger than its predecessor.
The Home Front
The Capitol View Corridor restrictions are the central policy question for downtown Austin height limits. Luxury downtown sales in October, including a $5 million Austonian condo, show the high-end market this tower would join.
If you own or are shopping for a condo near downtown Austin, track whether the Project Bolo rezoning is approved, since added supply can affect resale comparables. Consult a licensed real estate agent or appraiser before making any pricing decision based on a pending project.
The takeaway
A single downtown tower can change both supply and skyline, so Austin buyers should watch the Capitol View Corridor decision closely. Keep a licensed agent on file to interpret how pending projects affect the value of a specific property.
Further reading
Explore more Commercial real estate coverage to see how large downtown projects like this one reshape local markets.
Source note: This article includes information reported by The Real Deal New York.
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Should Austin allow taller downtown towers for luxury condos and hotels?
