A 49-story tower project planned in the heart of the Rainey Street District will bring 644 apartments along with several new bars and restaurants to this fast-growing downtown neighborhood — and with a number of public-facing features including the preservation of two bungalows currently occupying its site, the development appears more willing than most to accommodate the anxieties of Austinites concerned that Rainey’s ongoing boom might detract from its original charm.
The 80 Rainey development team also includes civil engineers Wuest Group, land use attorneys Drenner Group, and general contractors JE Dunn. With its density bonus application submitted, the project will likely appear on the agenda of an upcoming Design Commission meeting, which could offer further details — but for now, its developers at Lincoln Ventures say the tower should break ground sometime next summer, with an estimated completion date of summer 2025.
AUSTIN | Paseo | 567 FT | 48 FLOORS
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