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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.
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- ◦Development

