High-rise commercial buildings

Sub Markets

Property Sectors

Topics

Texas CRE News In Your Inbox.

Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.

Texas  + Apartments  | 

Pearlstone, ATCO Eye 2021 Groundbreaking in Rainey Street District

Austin-based Pearlstone Partners and New York-based ATCO Properties and Management recently unveiled plans for a 41-story residential condominium tower in Austin’s Rainey Street Historic District. Currently referred to as “The East Tower” for permitting purposes, the project is expected to break ground in the second quarter of 2021, with completion projected for Q4 2023.

The developers, who have partnered previously, are still finalizing many of the details for The East Tower, which is expected to offer approximately 284 units averaging 975 square feet. “The East Tower will aim to price the majority of the units from $499,000 to $999,000, which would be the lowest-priced new build, downtown high-rise, especially in the highly sought-after Rainey Street District,” said Pearlstone CEO Robert Lee.

The architect for The East Tower is STG Design, the civil Engineer is Wuest Group, the interior designer is McCray & Co, and AECOMHunt is providing pre-construction services.

For comments, questions or concerns, please contact Paul Bubny

Connect

Inside The Story

Connect With PearlstoneConnect With ATCO

About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

  • ◦Development
New call-to-action
New call-to-action