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Yes, it is.
Is this the next bar on Rainey Street?
Yes, it is. 86 Rainey Street will become “The Blackheart” bar. The above photo of their TABC permit application indicates a request for mixed beverage with late hour service.
There is already a facebook fan page that alludes to what we can expect: “think 1900′s Nola bordello.” Note the comments about trees, arborists, and chainsaws.
The architecture will be handled by Dick Clark – which bodes well for the design.
Update: interestingly, just 30 minutes after this post went live, the owner of the Facebook page removed the inspired description of “Nola bordello” and all of the Facebook comments (including their fan’s discussion of chainsaws and arborists). Hope that wasn’t because of us. Easy fellas, we’re friendly here. Just intrigued neighbors. 
About Jude Galligan:
Jude Galligan, Broker-Owner of RE/MAX Downtown Austin and publisher of Downtown Austin Blog (aka. "DAB"), is a veteran sales professional assisting buyers and sellers of downtown Austin lofts, condos, and real estate. A resident owner in downtown Austin and an active community stakeholder, Jude serves on the Board of Directors of the Downtown Austin Alliance (DAA) and the Downtown Austin Neighborhood Association (DANA).Contact Jude
Sidewalks and more street lights would be nice on Rainey. If the street was cleaned up and people had a place to walk, there would be endless possibilities for the street. A girl can only dream
Oh goodie. Another bar on Rainey. Just what it needs. Pitch black street, no sidewalk and drunks. Thanks for taking yet another residential neighborhoor and turning it into 6th street. Will this stupid city ever learn what real ubran development is?