The Statesman broke the story publicly yesterday that the Sutton Company intends to build a multi-tower 40+ story mixed-use project at the north end of the Rainey Street District. The assemblage includes 9-10 lots wrapping Rainey Street, Driskill Street, and East Ave. We’ve mocked-up a footprint of the site (below).
The renderings show two point towers, both over 40 stories, and a third office tower in the background. As a Downtown/Rainey Street neighbor, I’d love to see this project happen. This is exactly the type of concept envisioned for Rainey back when zoning was changed to CBD.
This is the second major residential concept proposed for the Rainey Street District within the past couple of months. The other being the Austin Skyhouse proposed by Andrews Urban/Novare. If built, a portion of the ad valorem taxes from these projects would contribute to the Waller Creek TIF district.