The seemingly unstoppable Rainey Street District towers keep coming. Residential high-rise 700 River has topped out, according to Trammell Crow subsidiary High Street Residential, which along with BDT & MSD Partners and River Street Partners is developing the property.
Builders broke ground on the building, originally called River Street Residences, in late 2022. The 400,000-square-foot tower on the corner of Rainey and River streets — the former site of bars Craft Pride and Javelina and adjacent empty lots — rises 43 stories, to about 500 feet. The residential high-rise will have 377 high-end residences that range in size from studios to three-bedroom units, including several penthouses; 30,000 square feet of resident amenities; and 3,000 square feet of ground-floor retail.
The 700 River property is across the street from the Emma S. Barrientos Mexican American Cultural Center (as well as a potentially nifty planned pocket park), and upper floors will overlook Lady Bird Lake. It will provide access to the Ann and Roy Butler Hike and Bike trail, and developers say they'll partner with the nonprofit group the Trail Conservancy to sponsor the new Rainey Street Trailhead.
The tower was originally designed by Central Texas firm Lake Flato and planned to include a hotel and retail but shifted its purpose to primarily residential when the economic impact of the pandemic became clear. Dallas' HKS is the project’s architect in collaboration with Lake Flato.
California-based DPR Construction is the general contractor. Austin firms Civilitude and Campbell Landscape Architecture are project partners, as are engineering firm Thornton Tomasetti and interiors-focused Clodagh Design, both based in New York. Other project partners include Dallas-based Blum Consulting Engineers and interior designers Waldrop and Nichols Studio, as well as Chicago design/branding agency No Walls Studio.
The building will seek Austin Energy Two Star Certification, LEED Silver, and Fitwell Certification.
High Street expects a fall move-in date for 700 River.