Culture Map Austin | Check Out These Cool Rainey Street Condos for Laidback Luxury

Culture Map Austin | Check Out These Cool Rainey Street Condos for Laidback Luxury

Vesper Residences are newsworthy. Check out love from the press that showcase all Vesper has to offer Austin’s luxury downtown residential buyer.

On the hunt for your new home in downtown Austin? Vesper is a new high-rise that offers laidback luxury and comfortable living in the historic Rainey Street district.

Think unpretentious luxury with a high-desert Marfa feel and nods to the local nightlife mingled throughout the building. Vesper has a sleek, utilitarian, earthy feel that makes it easy to call home.

Its 41 stories offer penthouse and one- and two-bedroom units, available in 26 individual floorplans and three curated color schemes.

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Urbanize | Rainey Street High-Rise Plans Unveiled

Urbanize | Rainey Street High-Rise Plans Unveiled

Vesper Residences are newsworthy. Check out love from the press that showcase all Vesper has to offer Austin’s luxury downtown residential buyer.

Rainey Street watchers have known about the condominium tower rising at 84 East Avenue for a while. Until recently referred to by the placeholders “84 East” and “East Tower,” the new residential high-rise was dubbed “Vesper” in August, when it officially broke ground after crews completed demolition of the buildings that formerly occupied the site (RIP, Phoenician Resto-Cafe).

Project co-developers Pearlstone Partners and ATCO Properties and Management, along with with designers, contractors, and city and state officials, gathered in the historic district Friday to reveal new details about, comment on, and generally herald the development, which will bring 284 condos to the rapidly densifying area. To the latter point—the need to provide housing for an increasing number of residents in a small, central area of the city—STG co-founder and project architect Jack Tisdale pointed out that Vesper will be a “point tower,” a term applied to a tall building that maximizes floor area relative to its footprint with a narrow, vertical profile. The 270,000-square-foot, 41-story high rise will be built on 0.41 acres and will reach a height of approximately 446 feet.

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Urbanize | Rainey Street High-Rise Plans Unveiled

Urbanize | New Downtown Tower Breaks Ground, Acquires Moniker

Vesper Residences are newsworthy. Check out love from the press that showcase all Vesper has to offer Austin’s luxury downtown residential buyer.

The Rainey Street Historic District—a 12-acre wedge of land that forms the southeast corner of downtown—has for decades garnered an outsized level of interest in its development. As it has transitioned, predictably, from contested single-family neighborhood to entertainment district/civic cultural space to the locus of a dense cluster of high rises (mostly hotels and residences), that scrutiny has only intensified.

Recent discussions about the neighborhood have included the possibilities of making it a car-free zone and/or extending Red River Street to allow better traffic flow of all kinds. The city’s granting of height variances for three new towers led to a conversation about revamping the area’s density-bonus regulations. That process, in turn and somewhat unpredictably, led to a larger discussion of removing all limits around floor-to-area ratios—the crucial element in the density equation—in the downtown area and excising the Austin City Council’s role in the downtown bonus program altogether.

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