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Plans for 55-story high-rise condominium building on Rainey Street announced

"The Modern Austin Residences" will feature 345 condos and 20 affordable housing units.

AUSTIN, Texas — New development details on a 55-story high-rise coming to Rainey Street in Austin are out, including an official name. Urban Space Real Estate + Interiors announced “The Modern Austin Residences” Tuesday, the company’s first-ever condo project.

The building will be made up of 345 condos, according to its website. It will also feature 20 affordable housing units, according to a report from the Austin Business Journal. Each unit will have one to four bedrooms.

RELATED: 336-unit high-end apartment complex coming to Round Rock

The starting price for a market-rate one-bedroom unit is $400,000.

The Modern will have many amenities including a fitness center with on-demand classes, yoga and pilates studio, swimming pool, spa, guest suite and storage for bikes and paddleboards.

The Austin City Council approved the development in April under the name of 9092 Rainey. The Modern’s address is 610 Davis St.

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Urban Space plans to break ground on the project and begin sales in early 2022, according to its website. It hopes to welcome residents in 2024. 


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