Rainey Street District Homes and Condos for Sale

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About Rainey Street District

In some regards, Rainey Street District just refers to Rainey St. between Driskill and River Streets. It’s two blocks in southeast Downtown Austin. The area is subject to lots of attention and perhaps controversy because it is home to a series of beautiful, historic bungalows (many run down at this point) and yet it’s the Downtown Austin Central Business District zoning designation (i.e. the land) that’s most highly valued. For purposes of this posting, Rainey Street District refers beyond this definition to mean the area south of Cesar Chavez Street between I35, Waller Creek and the Lake.

Rainey St. District – Trending Hot

The Rainey Street District is Downtown Austin’s hottest place right now. Bars and restaurants have been moving in at record pace! People might know more about what we’re referring to when we say it’s the new home to Lustre Pearl and Clive Bar. There’s also G’Raj Mahal which has become many Austinites’ favorite Indian food eatery. And there’s more. Much more.

Rainey St. District – Recent Change

Prior to 2005, there were two condo buildings in this neighborhood – Villas on Town Lake and Towers of Town Lake. Since 2005, the Milago Condos, Shore Condos, Legacy Apartments and the Mexican American Cultural Center have all moved in. And the Hike & Bike Trail, easily accessible from the neighborhood, has been improved. Towers of Town Lake and the Holiday Inn have both received new paint jobs. It’s looking a bit spiffier than it has in years past!

What lies ahead for the Rainey St. District

The area is slotted for major development but what truly lies ahead is hard to foresee. So many factors play a role. One thing seems certain – that the Waller Creek tunnel will be developed, which will reduce the risk of flooding from the creek. Which means, euphemistically, that the diamond-in-the-rough Waller Creek greenbelt will likely be polished. Which would likely mean the areas around it will see even more development. Here’s to the Rainey St. District continuing to find its way through all this change!

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