Two more apartment towers are set to rise in the Rainey Street district on the eastern edge of downtown Austin now that enough condo owners in an existing property have agreed to sell their units.
Genesis Real Estate Group bought the Villas on Town Lake on June 30, clearing the way for the Dallas-based developer to move ahead with plans for a roughly 40-story high-rise and another of undetermined height at 80 Red River St., the Austin American-Statesman reports.
Gordon Ip, Genesis’ president, told…
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