The Rainey Insider Newsletter

A 41-story downtown Austin condo project could raise a total of 283 residences in a pretty tight corner of the ever-growing Rainey Street neighborhood starting next year. According to local real estate firm Pearlstone Partners, which is co-developing the building with New York-based investment group ATCO, groundbreaking for the district’s latest tower is tentatively scheduled in the first quarter of 2021.

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Located on a 0.4-acre assembly of two neighboring tracts at 82 and 84 East Avenue — confusing addresses since they’re both along the section of East Avenue also functioning as the I-35 Frontage Road — the site of the tower project is currently home to the Phoenician Resto Cafe and an adjacent hookah bar. This property, sandwiched between the Camden Rainey Street apartment building and the newly-opened (and very weird-looking) Homewood Suites hotel, is actually just down the street from Pearlstone’s Natiivo “home-sharing” tower under construction even as we speak.

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See the full Towers.net article HERE.

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