Lincoln Property Company(LPC) and co-developer Phoenix Property Company have partnered with DivcoWest to develop The Republic, an 833,000 sq. ft. office tower in downtown Austin.
The partners have secured the building’s first major tenant, which will advance construction forward and allow for a groundbreaking later this quarter.
Located at 401 West 4th Street, the 48-story office tower in Austin will offer sweeping views of Lady Bird Lake and a direct connection to Republic Square Park – the building’s historic namesake.
The building’s location across from Republic Square Park was the main driver behind the architectural design of the project. The City’s downtown grid was established when Austin’s first city land lots were sold under the historic oaks of the park in 1839.
Designed by Duda Paine Architects, The Republic honors this legacy through its direct connection to Republic Square by pulling the footprint away from the street and adding a green public plaza to the main entrance that will act as an extension of the park. In addition to being the only building that opens to a full block of park space in the Central Business District, every office floor of The Republic will feature a private terrace, further connecting tenants to Austin’s distinctive outdoor lifestyle.
“The building represents Austin’s spirit and dynamic lifestyle – and we believe The Republic will be a modern hub for top talent,” said Seth Johnston, Senior Vice President of Lincoln Property Company in Austin. “We have been intentional about every design feature throughout our process. From the moment you arrive at The Republic, you will be immersed in the beauty of our city, whether from a private terrace, shared amenity space or the ground-level plaza.”
Ground-level elements include a 20K sq. ft. public plaza, restaurant space and additional retail. Drawing in the outdoors throughout the building, the 19th-floor amenity level boasts more than 50K sq. ft. of indoor-outdoor space, including conference rooms, fitness center and spin room, club room with a lounge and bar, and a 25K sq. ft. outdoor terrace covered by architectural shade canopies.
The designers emphasized the health and wellness of the office tenants and guests by incorporating touchless access technology, enhanced air-filtration systems, and the pursuit of WELLv2 Core Certification, WELL Health-Safety Rating, LEED Gold Certification, and Austin Energy Green Building Program. Additionally, those who commute by bike will have access to a private elevator, which will take them directly to secure storage for nearly 350 bicycles, as well as a spa-quality locker room and showers.
The Republic marks the second development project partnership between LPC and DivcoWest in Austin, and DivcoWest’s eleventh overall investment in the market.
“DivcoWest continues to make Austin a key part of its long-term investment strategy given the city’s tremendous job and population growth, ability to attract a talented workforce, and long-term focus on sustainability and green space. The Republic was particularly compelling due to its unique connection to Republic Square Park and plethora of outdoor amenity space,” said DivcoWest Senior Managing Director Michael Provost.
