Fact: Austin is less than 300 mi². Another fact: Austin continues to lead the country in terms of population boom. So what’s a burgeoning metropolis to do when its size is having trouble fitting all its new residents? Grow up, that’s what. The droves of new Austinites include a plethora of young families and professionals who aren’t looking for the 20th century dream of a suburban ranch house with a manicured lawn. Today, people want to be in the center of the city where the culture is. And as far as Rover goes, there’s no need for a lawn when dog parks and amenities are as plentiful as they are in our pet-friendly city. To fill the demand of upscale urban housing in Austin, developers have already filled the skyline with shiny new sky rises; and now we have two new condominium buildings on our way.
70 Rainey TowerThe Rainey Street District wasn’t much to look at a decade ago; but recently it’s transformed to one of Austin’s favorite bar and restaurant districts. And where there’s entertainment, people want to live. There’s already the Milago and Skyhouse, but on January 19th developer Sackman Enterprises and architecture firm Page announced that 70 Rainey will break ground in 2016. According to Austin Business Journal, 70 Rainey will feature eight levels of parking, a ground floor restaurant and an outdoor amenity deck dubbed the “park in the sky.” The base will be topped by 164 residential, for-sale condos — all with balconies. Each unit’s floor plan will be shaped like a parallelogram, which will provide a spectacular view for each resident. Furthermore the “park in the sky will include an expansive garden, providing the backyard that many condo owners miss out on.
Source: Austin Business Journal – http://www.bizjournals.com/