Rainey Projects
Update March, 2019

​

 

Rainey Street continues to change.  Peruse this update on the new projects planned and opened.  This review was put together by James Rambin of Towers Realty. Check out: http://austin.towers.net/rainey-street-district-development-roundup-its-not-just-bars-you-know/     

​

HOTELS

 

Homewood Suites  78 and 80 East Avenue is now open.

 

Cambria   68 East Avenue  12- 15 stories. Still no activity on the site.

 

               At present there are 2 operating hotels in the District; The Holiday Inn and the Van Zandt.

​

CONDOS 

 

70 Rainey  The condominium features more than 20,000 square feet of outdoor amenity space, including a dog park, an infinity pool and waterfall, garden alcoves, a bonfire pit and an herb garden. It will have 164 residences and a restaurant on the ground floor.  The 34-story tower is to be completed late in the fourth quarter of 2018.  A 2-2 Unit with 1,154 sq. ft. sale price is $925,000 or a whopping $801.51 per foot. For more details visit: http://austin.towers.net/condos/70-rainey/    

​

 

APARTMENTS

​

48 East Avenue Update   Check out the latest plans being discussed for this addition to our neighborhood!  This is also a very interesting recap of all the changes and plans that have occurred since 2013!

Originally, this was a 33 story, 246-unit apartment building which will be located across from the Towers of Town Lake’s West exit and entrance on East Avenue.

Check this out:  http://austin.towers.net/looking-back-on-the-twists-and-turns-of-the-rainey-street-districts-new-residential-tower/?utm_source=TOWERS.net+-+Austin+Newsletter&utm_campaign=206f44b9a1-EMAIL_CAMPAIGN_2017_07_27&utm_medium=email&utm_term=0_eea0104e60-206f44b9a1-147737733   

​

16 East Avenue     This proposed building, which is directly adjacent to the Town Lake Holiday Inn, will have 32 stories with 226  apartments.  For more details visit:   http://bit.ly/EastAveAptTowerPlanned

​

​

 

         PENDING PROJECTS

​

                AUSTIN ENERGY HAS PLAN FOR RAINEY SUB-STATION       

 

On July 27, 2017 Austin Energy announced plans for developing the Rainey District electrical sub-station.  Details that were set in 2011 can be found at:  ftp://ftp.ci.austin.tx.us/DowntownAustinPlan/dap_approved_12-8-2011.pdf  

​

​

 

Some concerns with the project, expressed by the Towers of Town Lake representative to the RNA, Sandra De Leon, are:

•  one of the main entrances into our neighborhood as well as the MACCs, will be an electrical substation. We need to get in front of this project before real decisions have been made as to the exterior and aesthetics of the substation. Instead of making this merely a horrific-looking substation with wires protruding in all manner, it could double as a beautiful marker signaling the entrance to our neighborhood and the MACC.

• The station will be built in the identified parcel with 100% certainty, meaning, we will have to live with this structure and its location; but we now have the ability to give feedback and make sure that Austin Energy and City Council knows that a normal substation is not appropriate at one of our main entrances which leads to the MACC    Center.                     Whenever this meeting is rescheduled, residents of the area  must participate.

                                                 

No date set yet for "Vacation of Lambie" hearing at City Council.  Request has been made for TLNA to be notified.

​

Concern for residents:   On the South side of Lambie St. and East Avenue, the developer has requested the City to release the Lambie parking circle so that the developer can purchase it.  If they obtain ownership of this City property, they can increase the “floor-to-area” ratio. This would allow a much taller building, increasing the height by approximately 10 to 12 floors.• 

​

​

​