Sackman Enterprises to Enter Austin with High-Rise

New York-based Sackman Enterprises announced its largest expansion outside of the Northeast in its 45 years. A 35-story luxury condominium tower, named 70 Rainey after its address, will be developed in the Rainey Street district, continuing the transformation of this downtown neighborhood.

Sackman Enterprises Inc. has announced its largest expansion outside of the Northeast in its 30-plus year history. The New York City-based developer intends to build a 35-story luxury condominium tower, named 70 Rainey after its address, in the Rainey Street district, continuing the transformation of this downtown neighborhood.

Sackman, which bought the site from Austin-based Riverside Resources, plans to start construction this fall and open the project in late 2017. The mixed-use development will offer 164 residences ranging in price from $300,000 to $3 million. A two-story restaurant with patio bar will serve both residents and the public.

Amenities will include a 19,745-square-foot outdoor  deck, infinity-edge pool and waterfall, sun deck and outdoor lounge with kitchen, cabanas, fire pit lounges, gaming areas, outdoor grilling stations, a virtual golf course, fitness center and outdoor yoga deck, private dining room, business center and conference center. Lady Bird Lake and the Butler Hike and Bike Trail are nearby.

The condo tower is only the first of at least six projects Sackman plans in Austin over the next several years.

Photos courtesy of 70 Rainey.