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Old Posted Dec 6, 2022, 2:38 AM
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AUSTIN | 62 East Avenue | 623 FEET | 53 FLOORS

62 East Avenue Condo Tower Faces a Tight Squeeze in the Rainey District

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It’s been a busy couple of years on East Avenue in the Rainey Street District for local developer Pearlstone Partners, with its Vesper condo tower currently in an advanced stage of construction at 84 East Avenue just north of the firm’s completed Natiivo project at 48 East Avenue — and now Pearlstone’s splitting the difference with a third condo tower planned at 62 East Avenue, squeezing into a roughly quarter-acre land assembly nestled between the 700 River and Cambria Hotel projects. Considering the fever pitch of recent growth on East Avenue and Pearlstone’s own contributions to the sudden density in this area, the developers have a sense of humor about dropping another building on the pile — recent site plan updates to the 62 East Avenue project use the placeholder name “Not Just Another East Tower.”

While we learned the broad strokes of the project earlier this summer, these recent site plan updates provide us with an updated picture of the planned residential building, which is now set to rise 53 floors or 623 feet, containing a total of 205 residences with a mix of one, two, and three bedrooms.

While the building’s dark blue and slate-toned design from recurring Pearlstone collaborators STG Design is handsome enough, what’s really remarkable about the tower is its extremely narrow footprint, occupying less than 100 feet of frontage on East Avenue — it’s a new look for the district, but makes sense considering the rapidly dwindling contiguous plots of undeveloped land around here. In the rendering above, we see silhouettes of the neighboring 700 River and Cambria Hotel towers practically rubbing shoulders with the new building.


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