AUSTIN (KXAN) — The final beam on one of Austin’s most anticipated entertainment venues and future home of Texas Longhorns basketball was placed during a ceremony at 8:30 a.m. Tuesday.

The “topping out” ceremony signifies that the steel frame of the 530,000 square-foot arena is complete. Construction and design team members, along with other stakeholders in the project, gathered to celebrate the project’s milestone.

  • The final beam was placed in the frame of the Moody Center in a ceremony Tuesday. (KXAN photo/Julie Karam)
    The final beam was placed in the frame of the Moody Center in a ceremony Tuesday. (KXAN photo/Julie Karam)
  • Construction at the Moody Center (KXAN photo/Andy Way)
    Construction at the Moody Center (KXAN photo/Andy Way)
  • The final beam was placed in the frame of the Moody Center in a ceremony Tuesday. (KXAN photo/Julie Karam)
    The final beam was placed in the frame of the Moody Center in a ceremony Tuesday. (KXAN photo/Julie Karam)
  • Construction at the Moody Center (KXAN photo/Andy Way)
    Construction at the Moody Center (KXAN photo/Andy Way)
  • Construction at the Moody Center (KXAN photo/Andy Way)
    Construction at the Moody Center (KXAN photo/Andy Way)
  • Construction at the Moody Center (KXAN photo/Andy Way)
    Construction at the Moody Center (KXAN photo/Andy Way)
  • The final beam was placed in the frame of the Moody Center in a ceremony Tuesday. (KXAN photo/Julie Karam)
    The final beam was placed in the frame of the Moody Center in a ceremony Tuesday. (KXAN photo/Julie Karam)
  • The final beam was placed in the frame of the Moody Center in a ceremony Tuesday. (KXAN photo/Julie Karam)
    The final beam was placed in the frame of the Moody Center in a ceremony Tuesday. (KXAN photo/Julie Karam)
  • The final beam was placed in the frame of the Moody Center in a ceremony Tuesday. (KXAN photo/Julie Karam)
    The final beam was placed in the frame of the Moody Center in a ceremony Tuesday. (KXAN photo/Julie Karam)
  • The final beam was placed in the frame of the Moody Center in a ceremony Tuesday. (KXAN photo/Julie Karam)
    The final beam was placed in the frame of the Moody Center in a ceremony Tuesday. (KXAN photo/Julie Karam)

The Moody Center is set to open in April 2022. Along with holding big-time concerts and entertainment acts, it’ll replace the Frank Erwin Center as the home for the Texas Longhorns men’s and women’s basketball teams.

The $338 million project is a partnership by the Oak View Group, Live Nation Entertainment/C3 Presents, the University of Texas and Austin’s own Matthew McConaughey. It will have 15,000 seats, and the first scheduled concert for the venue is set for April 18 with The Weeknd.