The developer of a new high-rise headed for downtown’s popular Rainey Street neighborhood released more details about the building, including its name and the number of residential units it will hold. The tower formerly known as 9092 Rainey has now been christened The Modern Austin Residences, according to the building’s website.
Located at 610 Davis Street, the 55-story tower will offer 345 market-rate condominiums ranging in size from 600 to 5,000 square feet, with one to four bedrooms. Prices start at around $400,000 and range to north of $5 million. According to its website—which leans into such concepts as 20th-century modernism, urban walkability, and keeping Austin weird— the Modern will have four floors of amenities, including a fitness center, yoga and pilates studios, an Olympic-sized swimming pool, a spa, guest suites, a dog run and washing facilities, and storage for bikes and paddleboards.
A proposal submitted to the city last spring shows plans for about 12,000 square feet of retail space on the ground floor of the residential tower, which will be built on the current sites of Container Bar and Bungalow.
The Modern Austin Residences is one of three planned buildings in the Rainey Street district that pushed for and received density bonuses beyond those allowed under the city’s current incentives for the area—a move that prompted the Austin City Council to revisit the bonus program to look at increasing both downtown density and neighborhood benefits. Due to density bonuses granted in March, the Modern Austin Residences will have 20 affordable condos on offer for buyers who earn 80 percent of the Austin median family income,
Kevin Burns of Urbanspace Real Estate and Interiors is heading up the development team for the project, which includes Nelsen Partners and landscape architects DWG designing the building and grounds, Page as architect of record, and Urbanspace designing interiors and managing sales. Construction is set to begin in the first part of 2022.
