Developer Ditches Hotel Component of Rainey Street Tower

Plans for a 51-story tower at 90 and 92 Rainey Street, once slated to include both hotel and residential space, have shifted in response to the ongoing impacts of the Covid-19 pandemic. Developer Kevin Burns, citing challenges in hotel financing, has decided to focus solely on residential units with ground-floor space for businesses. The revised project, now called 9092 Rainey, will include 446 residential units, 20 of which will be affordable, and nearly 12,000 square feet of pedestrian-friendly commercial space. Burns is working to preserve the iconic Container Bar and Bungalow within the building, ensuring their continued presence in the evolving Rainey Street district. The project also seeks approval for a density bonus to allow for the tower’s height.

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Kevin Burns drops hotel in Rainey Street tower project – Austin Business Journal