Austin’s historic Rainey Street is welcoming a new neighbor. The Paseo, a 48-story mixed-used residential tower, will bring 557 apartments and two levels of retail to the popular Austin entertainment district, known for houses that have been converted into bungalow bars and restaurants. The Paseo’s groundbreaking took place in late February.
The project is located at an infill site on Rainey Street that was previously used as a food-truck lot. The development preserves and incorporates two historic bungalows that have operated as bars and now will serve as commercial space. Masonry brickwork on the building podium also connects the building with its neighborhood.
In addition to the Paseo’s street-facing retail and restaurants, the high-rise tower’s ground floor includes alcoves in the building’s street frontage to create social space and allow for sidewalk cafes. Between the main building and the bungalows, a landscaped garden and walkway connect Rainey Street to the riverfront park and trails.
The above-ground parking garage features a plant-lined masonry façade. A series of staggered setbacks atop the parking podium open up to an amenity deck providing views of the city and Lady Bird Lake. The project aims to reduce vehicle traffic loads on Rainey Street by moving vehicular access, loading, and pick-up away from the street.
Above the garage podium, the residential tower features patterned glass and protruding balconies intended to reflect the dynamic atmosphere of Rainey Street. The residential levels “are arranged in staggered tiers that seem to organically erode into the building mass,” according to a statement from the development’s architect, Pappageorge Haymes Partners.
The Paseo offers 10% onsite affordable housing and preserves most of the existing onsite trees. The project also includes 34,000 sf of building amenities.
The development is scheduled for completion in 2025.
On the Building Team:
Owner /developer: LV Collective
Architect: Pappageorge Haymes Partners
MEP engineer: Blum Consulting Engineers, Inc.
Structural engineer: DCI Engineers
General contractor/construction manager: JE Dunn Construction Company
Landscape Architect: TBG Partners
Related Stories
Multifamily Housing | Mar 23, 2022
Cadence McShane's Broadway Chapter Apartments earns 2022 TEXO Distinguished Building Award
Cadence McShane Construction Company received first place in the 2022 TEXO Distinguished Building Award in the General Contractor – Residential Multifamily 1 ($0 - $150M) category for the Broadway Chapter Apartments project.
Projects | Mar 22, 2022
Fast-growing Austin adds a $3 billion community
The nation’s fastest-growing large metro area is getting even bigger, with the addition of a $3 billion, 66-acre community.
Projects | Mar 22, 2022
Austin multifamily project to feature 60 micro-housing apartments
A new 34,364 sf multifamily project, Sixth and Chicon, in Austin, Texas, will feature 60 micro-housing apartments designed for “the urban minimalist.”
Projects | Mar 18, 2022
Former department store transformed into 1 million sf mixed-use complex
Sibley Square, a giant mixed-use complex project that transformed a nearly derelict former department store was recently completed in Rochester, N.Y.
Multifamily Housing | Mar 15, 2022
Multifamily rents climbed 15.4 percent in one year
Multifamily asking rents picked up another $10 in February to reach a national average $1,628, and year-over-year growth recorded a 15.4 percent bump, according to the new Yardi Matrix Multifamily National Report.
Multifamily Housing | Mar 15, 2022
A 42-story tower envelops residents in Vancouver’s natural beauty
The city of Vancouver is world-renowned for the stunning nature that surrounds it: water, beaches, mountains. A 42-story tower, Fifteen Fifteen, will envelop residents in that natural beauty.
Multifamily Housing | Mar 15, 2022
Hermosa Village earns 2021 NAHB Best in American Living Award
Cadence McShane Construction Company received first place in this year's NAHB Best in American Living Award for its Hermosa Village project.
Projects | Mar 11, 2022
Suffolk completes construction of luxury condominium 2000 Ocean
The 38-story glass-encased tower along the beach on 1.3 acres is owned by KAR Properties and designed by TEN Arquitectos.
Projects | Mar 9, 2022
New 243-unit luxury apartment community opens in St. Paul, Minn.
Waterford Bay, a four-story, 243-unit luxury multifamily development recently opened in St. Paul, Minn.
Mass Timber | Mar 8, 2022
Heavy timber office and boutique residential building breaks ground in Austin
T3 Eastside, a heavy timber office and boutique residential building, recently broke ground in Austin, Texas.
