Home News New Downtown Austin Condo Tower Set to Rise on East Avenue Near Rainey – TOWERS

New Downtown Austin Condo Tower Set to Rise on East Avenue Near Rainey – TOWERS

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Aerial view of Rainey Street area. 62-64 East Avenue location is highlighted. Image: Bing Maps / James Rambin

The permit submitted to the city earlier this month was given by a local developer. Pearl Stone Partner Plans to build a 48-story condominium tower in downtown Austin. 62 East Avenue, Located one block east of the surge Rainy Street District — And this project represents the company’s third tower on East Avenue, Natiivo When Vesper Housing project. The potential tower site is 62 To 64 East Avenue, Place it between other ongoing projects like River Street Residence When Cambria Hotel.

Recall that this property emerged as a potential new development location adjacent to Rainey when connecting to a local hotelier in 2018. Kimber Cavendish Worked to build what is called Lady Bird Hotel. The project was three stories high, with about 22 hotel rooms and never left the barn. With a bit of land shortage near Rainy Street, it’s not surprising to see larger buildings now in the book.

According to county records, the new owner of the property as of last month is linked to Pearlstone 62-64 East Ave Owner LLC, This month’s permit outlines a new building submitted as a fairly substantive (and fairly expensive) revision to the old unconstructed Ladybird Hotel placement plan.What you really need to know is that the development of this site is now roughly in shape 245 units Estimated ascending condominium tower 528 feet, All-glass look by frequent pearl stone architects STG design Interior work by a local designer Kim Lewis. This figure, attached to the revision of the exterior floor plan, only shows us a glimpse of the tower, but at least what it is.

Image: STG Design / Pearl Stone Partner

Civil engineering engineer Waist group And landscape architect dwg. As mentioned in this latest permit revision, building rendering is not yet available. However, the desired floor area ratio of 26.1 to 1 for the building exceeds the 15 to 1 limit of the site’s existing zoning, so the project must finally be applied for. Downtown Density Bonus Program To record that extra height — therefore, whenever you hit the city’s design committee, you need to look more closely at the design of the tower plan.

The tower is clearly in its infancy, but even last year or so, it’s just one of several projects by a Pearlstone partner cooking around downtown. Parliamentary Domination Overlay Last month, the company’s tower project 14th Avenue and Lavaka Street It may also move forward soon. Take it, US News & World Report!

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