More growth on Rainey Street
New 35-story condo tower to continue transformation of once-quiet downtown neighborhood.
Posted: 12:00 a.m. Saturday, April 4, 2015
By Shonda Novak - American-Statesman Staff
Austin’s swiftly evolving Rainey Street district is about to undergo even more change: A planned 35-story luxury condominium tower that will continue the transformation of the once-quiet downtown neighborhood.
New York-based development company Sackman Enterprises Inc. told the American-Statesman that the project — named 70 Rainey after its address — will have more than 160 residences priced from the $300,000s up to $3 million. The company plans to start construction in the fall and is targeting a late 2017 opening. Sackman bought the site from Austin-based Riverside Resources, which had a city-approved site plan in place.
The condo tower is the first Austin project for Sackman Enterprises, but more are on the way, said C.J. Sackman, the 27-year-old director of development for Sackman Enterprises. The company plans at least six projects in Austin over the next several years, Sackman said.
“This is the largest expansion for Sackman Enterprises outside of the Northeast in its 45 years,” C.J. Sackman said. His father, Carter Sackman, is president of the firm, which was founded in 1969 by Carter Sackman’s father Alan Sackman.
I really like the idea of the trees on the podium. It sort of carries over the greenery of Waller Creek onto the building. I don't think this would look good on all buildings in every area of downtown, but it makes sense when it's along the river or the creeks or bordering a park.
I like it, except for that single floor that awkwardly, inelegantly juts out halfway up. Lose that and for me, like turns to love. Either way, I hope it happens.
I've come to the conclusion that only people who hate things spend time commenting on news sites.
I agree, doesn't matter what the news story is about there's always people who comment crazy weird rants. They have nothing better to do all day than to comment negative hatred. That's why it's overhelmingly lopsided.
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"GOOD TIMES!!!" Jerri Blank (Strangers With Candy)
I like it. I like that it's weird without being too abstract and gaudy. I think it has the potential to be beautiful actually. I really want to see that mechanical screen lit from below creating a crown-like affect that the Frost Bank Tower has. The Austonian's lighting is more like accent lighting, but this building could be a true beacon on the skyline at night.
"I guess ill sit in the corner and loath the building by myself Is
Is it luxury condos?"
It's marketed as ''luxury" - whatever that means - as is virtually every other condo and apartment project downtown or anywhere in the world apparently.
Skyline scraper: New high-rise condo tower will be Austin's tallest building
Apr 13, 2015, 8:12am CDT
Michael Theis
Digital Editor-
Austin Business Journal
The tallest residential building west of the Mississippi River may soon rise above Austin's skyline, as developers have laid out the specifics for a 685-foot, 58-story condominium tower downtown.
Developers envision the $300 million project, dubbed the Independent, as a gleaming, white Jenga-like tower at the northeast corner of West Third Street and West Avenue. Renderings show the building with offset floor sections that make it look something like an uneven stack of books.
The building will have a total of 950,000 square feet, including 491,000 square feet that is sellable. Developers plan to have 13,500 square feet of retail on the ground floor. Residents will have 370 units to choose from, ranging from 675 square-foot one-bedroom units to 3,485 square-foot three bedroom floor plans.
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