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Ground Breaking Gets Closer for Luxury Condo Tower in Rainey District

02/17/2016

Ground breaking for a high-end Rainey District luxury condo tower is getting closer. The upscale, 35-story residential condominium tower located at 70 Rainey will include a parking structure to accommodate some public parking needs and a street-level restaurant.

Initially, developer C.J. Sackman of Sackman Enterprise became anxious about getting approval to use the vacant parcel of land adjacent to the proposed tower site for a staging site during the long construction period. However, after the developer got approval from the Austin City Council, news of the condo tower began spreading fast.

Sackman will pay $400,000 to use the empty lot for staging. The developer was granted use of the land for a two-year period, and agreed to pay to have a right-of-way designed and engineered between the empty lot at 64 Rainey Street and the upcoming site of the condo tower.

As stated by Joshua Coleman, principal with the architecture firm in charge of the project’s design, the tower will be remarkable. While the exact timing of construction has not yet been determined, it is expected to take up to 26 months to complete the condo tower.

Key Amenities

Although the parcel of land where the tower will stand is under an acre, it will boast an outdoor amenity deck being called the “park in the sky,” along with an eight-level parking garage and ground floor restaurant. Each of the 164 residential condos for sale will have a private balcony. Nothing has been disclosed yet regarding square footage or price, however.

The condominiums are rotated 14 degrees from the base podium, for an optimal view from each unit, with a floor plan that has a parallel ram shape. In addition, the new luxury condominium tower will boast plenty of greenery, including trees along the outdoor restaurant patio and trellis-lined walls around the parking structure.

Included in the amenity park are plans for an expansive and beautiful garden for everyone to enjoy. The goal of planting gardens is to create a backyard space that people will actually use. Coleman stresses that the gardens are not simple planter boxes, but actual landscape.

As for available public parking, negotiations are still underway between the developer and the city of Austin. Because the Rainey Street District is now a popular neighborhood complete with restaurants, bars, and other high-rise residential buildings, parking is limited.

Once the new luxury condo tower is complete, the city of Austin will determine whether the empty lot at 64 Rainey Street should be rezoned for a public green space for residents and business owners to share. While some work is done, construction will not get into full swing until November.

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