Another Hotel headed for the Rainey District!
Another tower is proposed for Austin’s booming Rainey Street area.
A 46-story hotel and apartment tower, dubbed River Street Market & Hotel in public records, is proposed along River Street between East Avenue and Rainey Street, according to a site plan filed Nov. 27 with the city of Austin Development Services Department.
The 598,000-square-foot tower — slightly bigger than the Frost Bank Tower — would have 251 hotel rooms, 196 apartments and about 27,800 square feet of restaurant and retail space, according to the site plan, which is subject to change.
The address for the proposed tower is an undeveloped lot at 60 East Ave., which according to Travis County records is owned by a partnership made up of well-known Austin property owners Perry Lorenz and Robert Knight. If built, though, the tower would also replace bars Craft Pride and Javelina, according to the site plan.
Knight said the property is being sold to River Street Partners but declined to comment further on what’s being proposed.
Jesse Lunsford of Rainey Ventures, which owns the Craft Pride and Javelina properties, declined to comment on whether the land would be sold when contacted previously. He couldn’t be reached for comment.
Lake Flato Architects is the architect for the proposed tower. Nudge Design is the landscape architect and Civilitude LLC is the civil engineer.