Posted Oct 27, 2021, 6:07 PM
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Join Date: Jan 2009
Location: Austin, TX / Portland,OR / Chicago, IL
Posts: 14,717
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Lincoln Ventures Announces Mixed-Use Development at 80 Rainey
Quote:
Today, Lincoln Ventures, an Austin-based student housing and multifamily developer, announces the company’s new mixed-use property located at 80 Rainey Street in Austin. The multifamily development will rise to 49 stories in the heart of the Rainey Street District and will include 644 residential rental units, bars and restaurants. Lincoln Ventures is set to break ground on the tower next summer with an estimated completion date of summer 2025.
The site will bring together properties between 78 and 84 Rainey Street, which currently house two bungalows that will be preserved in order to maintain the spirit of the Rainey Street District. The tower’s ground and second floor retail will include several food and beverage concepts, over 5,000 SF in size, and a dedicated 2,200-sq-ft space that will serve coffee during the day and cocktails at night. The final retail space facing Rainey Street will be a special elevator lobby that will take the public up to the 11th floor pool deck and bar. This will be Rainey Street’s first publicly-accessible foray into the sky.
“The old bungalows, locally run bars and pedestrian-friendly streets are what make Rainey Street a special and desirable destination, so it’s our intent to maintain the vibrancy and unique character of this area and build upon it,” says David Kanne, CEO of Lincoln Ventures. “We will also maintain the character of Rainey Street by bringing in local Austin artists to design public art pieces and will place new, oversized trees along the public parkway section along the entire façade of the building.”
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