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
MFPRO+ News | Mar 12, 2024
Multifamily housing starts and permitting activity drop 10% year-over-year
The past year saw over 1.4 million new homes added to the national housing inventory. Despite the 4% growth in units, both the number of new homes under construction and the number of permits dropped year-over-year.
Affordable Housing | Mar 11, 2024
Los Angeles’s streamlined approval policies leading to boom in affordable housing plans
Since December 2022, Los Angeles’s planning department has received plans for more than 13,770 affordable units. The number of units put in the approval pipeline in roughly one year is just below the total number of affordable units approved in Los Angeles in 2020, 2021, and 2022 combined.
MFPRO+ Research | Mar 6, 2024
Top 10 trends in senior living facilities for 2024
The 65-and-over population is growing faster than any other age group. Architects, engineers, and contractors are coming up with creative senior housing solutions to better serve this burgeoning cohort.
Multifamily Housing | Mar 4, 2024
Single-family rentals continue to grow in BTR communities
Single-family rentals are continuing to grow in built-to-rent communities. Both rent and occupancy growth have been strong in recent months while remaining a financially viable option for renters.
MFPRO+ News | Mar 2, 2024
Job gains boost Yardi Matrix National Rent Forecast for 2024
Multifamily asking rents broke the five-month streak of sequential average declines in January, rising 0.07 percent, shows a new special report from Yardi Matrix.
MFPRO+ News | Mar 1, 2024
Housing affordability, speed of construction are top of mind for multifamily architecture and construction firms
The 2023 Multifamily Giants get creative to solve the affordability crisis, while helping their developer clients build faster and more economically.
Multifamily Housing | Feb 29, 2024
Manny Gonzalez, FAIA, inducted into Best in American Living Awards Hall of Fame
Manny Gonzalez, FAIA, has been inducted into the BALA Hall of Fame.
MFPRO+ Research | Feb 28, 2024
New download: BD+C's 2023 Multifamily Amenities report
New research from Building Design+Construction and Multifamily Pro+ highlights the 127 top amenities that developers, property owners, architects, contractors, and builders are providing in today’s apartment, condominium, student housing, and senior living communities.
MFPRO+ Research | Feb 27, 2024
Most competitive rental markets of early 2024
The U.S. rental market in early 2024 is moderately competitive, with apartments taking an average of 41 days to find tenants, according to the latest RentCafe Market Competitivity Report.
Designers | Feb 23, 2024
Coverings releases top 2024 tile trends
In celebration of National Tile Day, Coverings, North America's leading tile and stone exhibition, has announced the top 10 tile trends for 2024.