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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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