On July 26, the Austin Planning Commission approved a conditional-use permit for a four-story cocktail bar at 80 Rainey St. in the historic Rainey Street district.

The cocktail lounge will total 22,985 square feet and comprise the basement, first, second, and twelfth floors of a proposed 49-story high-rise building.

The proposed building includes four stories dedicated to the cocktail lounge, multifamily housing, a restaurant and offices. The proposed site also includes 350 vehicle parking spaces and 200 spaces for bicycles.

The conditional-use permit is aligned with the Land and Development Code, allowing the sale of alcohol in the Central Business District.

The building site has multiple lots and an existing cocktail lounge called Reina Bar.