By Marissa Luck – Staff Writer, Austin Business Journal
Yet another sky-scraping change is coming to the Rainey Street Historic District. Developer Intracorp Projects Ltd. plans to break ground in spring 2020 on a 51-story condo tower in the popular nightlife area.
The high-rise at 44 East Ave. will be 545 feet tall at the corner of Cummings Street — taller than anything else in the Rainey district. The tower should be completed by fall 2022, according to a Wednesday announcement.
It’s the latest residential project slated for the rapidly changing Rainey neighborhood in the southeast corner of downtown. There are at least six major multifamily developments all planned or in the works nearby. That means hundreds of new condos and apartments are in the pipeline, suggesting Rainey will become a hub for downtown living. The area could eventually see an additional 2,750 residences, according to a 2017 study from Big Red Dog Engineering.
Intracorp’s East Avenue project includes 330 condominiums for sale. That includes a mix of one-, two- and four-bedroom residences. About 3,000 square feet on the ground floor will also be available for retail/dining space. A 500-space parking structure will serve residents and the public.
Architecture firm Page Southerland Page Inc. will handle overall design of the skyscraper, overseen by Senior Principal Larry Speck, as well as interior design of the individual homes. Michael Hsu Office of Architecture will handle the interior design for common areas and amenity spaces, Flintco LLC is providing pre-construction services, Big Red Dog is the civil engineer, DWG is the landscape architect and Urbanspace is handling marketing and sales of the condos. Giant Noise is helping with public relations.