34-story downtown Austin tower hits milestone


Highlights

70 Rainey will have 164 luxury condos priced from the $400,000s to $5 million.

The building is expected to welcome its first residents in January 2019.

A 34-story residential tower under construction in Austin’s Rainey Street district has reached its highest point of construction, a milestone referred to as “topping out.”

Called 70 Rainey, the building on downtown’s southeastern edge will have 164 luxury condominiums ranging in price from the $400,000s to $5 million, with an average price per square foot of more than $800.

In addition, the tower will have more than 30,000 square feet of indoor and outdoor amenity space, including a “park in the sky” with a garden, two pool areas, a dog park, communal barbecue spaces and more.

New York-based Sackman Enterprises Inc. and Starryland USA are developing the project, which is expected to be ready for its first residents in January.

“Today we celebrate the hundreds of men and women whose hard work has made this milestone possible,” C.J. Sackman Jr., managing director for Sackman Enterprises, said of the construction milestone. He said the project is attracting strong interest, and units are selling quickly.

Most of the exterior glass is in place and planter boxes have been installed on the parking garage, which encompasses floors two through nine and forms the building’s base.

When complete, the garage’s exterior walls will be draped with leafy plantings, adding another level of dimension to the tower.

Within the tower, Spanish bathroom tile is being installed, with custom cabinetry and European oak flooring installation beginning this month.

70 Rainey is located near the planned Waller Creek greenbelt, which eventually will connect 1.5 miles of parks, trails, music, art and entertainment from Lady Bird Lake to Waterloo Park.



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