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AUSTIN | Rainey Center | 2 Towers | 50 FLOORS

The article mentions that there could be a midrise office building included in a 2nd phase.

http://www.statesman.com/business/re...s-2311367.html

Quote:

Developer planning two high-rises at downtown Austin's southeast edge

By Shonda Novak
AMERICAN-STATESMAN STAFF
Updated: 10:25 p.m. Tuesday, April 17, 2012
Published: 9:27 p.m. Tuesday, April 17, 2012

More high-rises could be headed to downtown Austin's southeastern edge, with a local developer envisioning two towers in the Rainey Street area that each could reach as tall as 50 stories.

The Sutton Co. wants to build the project on about two acres it has under contract bounded by Rainey and Driskill streets and East Avenue. The development would continue the transformation of a part of downtown where a new nightlife scene has emerged with the addition of numerous bars and restaurants.

Together, the towers could have as many as 800 to 1,000 apartment and condominium units, along with hotel rooms in the first tower to break ground, said Mac Pike, a principal — along with Wally Scott — in the Sutton Co. The first tower, which Pike estimated would cost $75 million to $100 million to build, is at least a year to 18 months from breaking ground and would require a number of city approvals, he said.

http://i20.photobucket.com/albums/b2...y_1440262c.jpg
IBI Group

These plans seem to be conceptual, but it's incredible how these projects just keep coming.

These two towers would be located about 400 feet from the planned 700 foot (48 story) Fairmont Hotel two blocks away.

Cant wait to hear more about this project, also it is quite possible both towers could be over 50 floors as they finalize the design.

These concepts kind of remind me of Spring Codominiums

I really like the look of these towers! I know they're conceptual, but I hope the final product looks at least a little bit like this. Go Austin!

This says both towers could be up to 50 floors. And they'll be standing about 300 feet away from the 50-story Fairmont Austin (hotel).

http://www.statesman.com/business/re...inglePage=true

Quote:

Downtown's skyline poised for a remake

By Shonda Novak
Updated: 12:07 a.m. Tuesday, June 12, 2012
Published: 10:45 p.m. Monday, June 11, 2012

Rainey Center

Developer: The Sutton Co.

Location: Near Rainey and Driskill streets and East Avenue

Stories: Up to 50 each in two towers

Units: 800-1,000 apartments and condominiums

Projected start: Undetermined

Cost: $75 million to $100 million (first phase)

Sorry to be the bearer of bad news, but they just submitted a site plan

And if you go here and click on the link AULCC_Rainey_Driskell_MF_DATA.xls, it opens an Excel file that says:

Quote:

The subject site is located at Rainey Street and Driskill Street and encompasses the addresses 89-97 Rainey St. The tract is ±2.21 acres and consists of 11 legal lots, as well as a portion of a 12th, as defined by City of Austin and Travis County, as well as the existing alleyway between the lots. The proposed development is an eight (8)-story mixed use building with an internal parking garage.

Quote:

Originally Posted by LoneStarMike (Post 6098690)

Sorry to be the bearer of bad news, but they just submitted a site plan

And if you go here and click on the link AULCC_Rainey_Driskell_MF_DATA.xls, it opens an Excel file that says:

Ughhhhhh............:yuck::yuck::yuck::yuck: