912,000-sq.-ft. Rainey district project tied to WeWork clears final hurdle before Austin City Council

Austin's Rainey Street district has become one of the city's most popular entertainment and residential districts. (Christopher Neely/Community Impact Newspaper)
Austin's Rainey Street district has become one of the city's most popular entertainment and residential districts. (Christopher Neely/Community Impact Newspaper)

Austin's Rainey Street district has become one of the city's most popular entertainment and residential districts. (Christopher Neely/Community Impact Newspaper)

The gravel parking lot at the north tip of the Rainey Street district, bound north and south by Cesar Chavez and Driskill streets, is on its way to transforming into what could be a more than 900,000-square-foot mixed-use project.

The 1.4-acre—60,845 square feet—parking lot, officially located at 97 Red River St., received the thumbs up from Austin’s Planning Commission on Feb. 25 to qualify for density bonus designation, allowing the project to potentially reach 15:1 floor-area ratio. For a 60,845-square-foot lot, a 15:1 FAR means the project could build out to 912,675 square feet. The commission approved the proposal without discussion.

The property owner is listed as Tony Curp, of Waller Creek Owners LLC, who lists his address as 115 W. 18th St. in New York City, the headquarters of commercial real estate company WeWork. Curp is also listed as the senior vice president of development of the San Antonio-based Kairoi Residential. J. Seth Johnston, senior vice president at the Austin-based Lincoln Property Co., is also listed as an owner Waller Creek Owners LLC on city documents. Kairoi Residential and Lincoln Property Co. are teaming up on developing the 66-story mixed-use office tower at Sixth and Guadalupe streets. That tower is expected to be the tallest tower in Austin once completed.

No site plan for the project has been submitted; however, preliminary plans show the project will have 875,000 square feet of offices, 27,500 square feet of grocery use, 4,000 square feet for a restaurant and 4,500 square feet of retail space. No date has been set for when the zoning change will appear in front of Austin City Council.

If approved, the project will add to the growing portfolio of towers in or planned for the Rainey district, a neighborhood once characterized by modest bungalows now considered one of the city’s most popular residential and entertainment districts.


Read our in-depth report of the changes happening in the Rainey district from September 2019.
SHARE THIS STORY
By Christopher Neely

Christopher Neely is Community Impact's Austin City Hall reporter. A New Jersey native, Christopher moved to Austin in 2016 following two years of community reporting along the Jersey Shore. His bylines have appeared in the Los Angeles Times, Baltimore Su


MOST RECENT

Power lines
DATA: Austin’s residential electricity usage up more than 30% since beginning of March

The total residential electricity usage has increased by more than 31.88% across Austin Energy’s service area since the last week of February, the new numbers show.

Matt Silk, left, delivers food from Modern Market Eatery to a St. Davids Medical Center health care worker. (Courtesy Matt Silk)
Rollingwood resident creates program to help businesses and feed health care workers

Matt Silk said www.atxhospitalmeals.com serves two purposes: It helps struggling restaurants by purchasing food in bulk, and feeds dozens of health care workers with each purchase.

U.S. Rep. Lloyd Doggett said $104 million will be coming from Washington, D.C., to Austin for public transportation. (Shelby Savage/Community Impact Newspaper)
Federal dollars could help soften impact of ridership declines for Capital Metro, Austin-Bergstrom International Airport

U.S. Rep. Lloyd Doggett said $104 million will be coming from Washington, D.C., to Austin for public transportation.

Austin and Travis County's orders went into place March 25 and require residents to stay home for everything but essential travel. (Christopher Neely/Community Impact Newspaper)
Austin is quarantining up to 18 coronavirus patients at undisclosed hotel

The city has officially declined to release the location of the quarantine facility.

An additional Chromebook distribution day can be added next week, if needed. (Courtesy Round Rock ISD)
5 recent education stories from the Austin area readers should know

Read updates on how local school districts and colleges are reacting in the wake of the coronavirus pandemic.

President Donald Trump signed a $2 trillion package March 27 to provide relief during the coronavirus pandemic. (Courtesy Adobe Stock)
Sen. John Cornyn discusses provisions laid out in CARES Act

The $2 trillion package provides funding to help fight the virus and to provide financial assistance for Americans during the pandemic.

The Feed the City event will be hosted April 4. (Jay Jones/Community Impact Newspaper)
Feed the City works to support Central Texans living under the shadow of food insecurity amid COVID-19 outbreak

As businesses struggle and individuals seek unemployment, local food banks will require the support of individuals and organizations to aid the 46 million Americans living under the shadow of food insecurity

Initial claims for unemployment insurance rates are increasing across the nation in the midst of COVID-19. (Courtesy Adobe Stock)
Texas sees 77% increase in unemployment insurance claims during week ending March 28

Texas ranked fifth among states in the U.S. with 275,597 initial claims filed the week ending March 28.

Fifth Street in Austin sits empty March 25 after the city and county enacted stay-at-home orders to encourage social distancing and prevent the spread of the coronavirus in the community. (Christopher Neely/Community Impact Newspaper)
Four Capital Metro employees test positive for coronavirus, including three bus operators

The first bus operator last worked on March 25, and the other two operators last worked on March 26, according to a release from Capital Metro.

(Chance Flowers/Community Impact Newspaper)
Renting in a pandemic: How Austin tenants and landlords are proceeding amid economic fallout of coronavirus

For most Austinites, April 1 is the first rent due date since the coronavirus pandemic took hold.

ACC will offer students a pass or no-pass option for spring semester classes in response to the impact coronavirus has had on classes. (Jack Flagler/Community Impact Newspaper)
Austin Community College offers students pass or no-pass options for shortened semester

ACC will offer students a pass or no-pass option for spring semester class options in response to the impact coronavirus has had on classes.

Central Texas Food Bank will deliver free food to those in need April 4 at Nelson Field. (Courtesy Central Texas Food Bank)
Central Texas Food Bank will deliver free 28-pound food boxes April 4 at Nelson Field

The Central Texas Food Bank will hold a drive-thru food distribution April 4 at Nelson Field, located at 7105 Berkman Drive, Austin, from 9 a.m.-noon.