2 More Towers on Track to Rise in Rainey Street Area

Development in Austin’s Rainey Street Historic District continues to accelerate, with two major projects under consideration by the Austin Design Commission. The East Tower, a 41-story residential high-rise, aims to provide 284 units with affordable pricing for the area, targeting prices between $499,000 and $999,000. This development is seeking a density bonus to increase its floor-to-area ratio and plans to include amenities like a rooftop pool, fitness center, and public art gallery. Meanwhile, the River Street Residences, a proposed 48-story tower, is advancing with plans to include retail space and a public alley. While both projects received support, discussions over community benefits and affordable housing continue, with commissioners pushing for more inclusivity in the designs. These projects highlight the ongoing transformation of Rainey Street, as it shifts from a neighborhood of converted bungalows to a vibrant, high-rise district.

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Rainey Street to add 2 more towers in downtown Austin – Austin Business Journal