The sales team of 70 Rainey, a 34-floor downtown Austin condo tower at the heart of the city’s ever-growing Rainey Street District, announced this week that the community has reached the 100 percent sales mark. As of Monday, May 24, all of the building’s 164 residences are officially sold or under contract, according to representatives of local brokerage Gottesman Residential Real Estate.
The building, completed in 2019 by developers Sackman Enterprises and a team including local architects Page and general contractors Flintco Construction, is currently the tallest building in the Rainey District at 419 feet, and will hold that crown until the completion of the 49-floor condos at 44 East Avenue by multifamily developers Intracorp in 2022.
Since its completion two years ago, the design of 70 Rainey has garnered industry awards and other recognition for features like its “Sky Garden,” the 20,000-square-foot amenity deck by international landscape architecture firm Design Workshop.
Located on the 10th floor between the structure’s parking podium and its residential tower section, this outdoor level includes significant landscaping along with the tower’s private pool, dog run, and other resident perks — along with an uninterrupted view looking west across Lady Bird Lake due to its location near the shoreline.
The news of the successful total sale of 70 Rainey’s condo units arrives less than a year after reports of a proposed class-action lawsuit mounted by one owner against the project’s developers for alleged design issues inside their residence, but no updates on this case have appeared since last summer — and judging by this recent news, sales at the building were not negatively affected.