70 Rainey construction deal brokered
Austin City Council has cleared the way for 70 Rainey condos— a 35 story, 160-unit residential high rise in the Rainey Street District — to move forward with construction this November.
For the past couple of years the site has hosted several mobile food vendors, serving thousands of pedestrians walking on Rainey Street. With the Mexican American Cultural Center located immediately west of the building site, 70 Rainey’s west facing residences will offer amazing views of the lake and hill country.
The Council action allows for 64 Rainey to be used for construction staging for 2+ years and thereafter to be converted into park land.
All in all, this is a pretty good situation considering some of the consternation surrounding the future of 64 Rainey back in 2013.
48 East luxury apartment project ups ante with new design
About a year ago, new broke that a 35-story luxury apartment building was on tap a stone’s throw from the Skyhouse apartments in Rainey Street.
Architect STG Design has posted some new and exciting renderings that show a glass encased building that compliments the neighborhood.
A previous rendering was leaked to the media when news broke in 2013, attributed to Levy Architects, which is still posted online. Despite the discrepancy, the STG Designed building clearly has “48 East” emblazoned on the facade, which certainly look better than the original designs.
A site plan was submitted this month to the city, which means more details should be forthcoming soon.
New lakeview residential project at Pressler and Cesar Chavez?
Austin area developers appear to have a new multifamily project planned on the shores of Lady Bird Lake, according to city records.
Two site plans have been submitted for 300 Pressler and 315 Pressler.
This area of downtown flies by the casual onlooker, but when the City of Austin completes an extension connecting Pressler Street to Cesar Chavez (in 2018 at the earliest) it will become much more visible.
And attractive for development.
I’ll be interested to see what the renderings look like for this building. The same company — FMF Pressler Park LLC — has consolidated ownership of the parcels in play. The parcels’ history is also connected to Central Texas developer Larry Peel, so the properties may be be reminiscent of some of his other projects if he is still involved.