80 Rainey Mixed-Use to Preserve Area’s Character

Next summer, Austin-based Lincoln Ventures, a student housing and multifamily developer, will kick off its new mixed-use property located at 80 Rainey St. in Austin. The multifamily development will rise to 49 stories in the Rainey Street District and include 644 residential rental units, bars and restaurants. The development has an estimated completion date of summer 2025.

The site will bring together properties between 78 and 84 Rainey St., which currently house two bungalows that will be preserved. The tower’s ground and second-floor retail will include food and beverage concepts. The final retail space facing Rainey Street will house an elevator lobby for access to the 11th floor pool deck and bar.

“The old bungalows, locally run bars and pedestrian-friendly streets are what make Rainey Street a special and desirable destination, so it’s our intent to maintain the vibrancy and unique character of this area and build upon it,” says David Kanne, CEO of Lincoln Ventures. “We will also maintain the character of Rainey Street by bringing in local Austin artists to design public art pieces and will place new oversized trees along the public parkway section along the entire facade of the building.”

The apartments at the to-be-named project will come in a variety of sizes and include an estimated 20 units of designated affordable housing. The apartments will consist of studios, one bedroom, two bedrooms and three bedrooms.

JE Dunn is the general contractor, Pappageorge Haymes Partners is the architect, Wuest group is the civil engineer, Blum the mechanical engineer and DCI is the structural engineer. TBG is providing landscape architecture services and Drenner Group is serving as zoning council for the project.