Another multifamily tower to rise high above Austin’s Rainey Street

Add another proposed apartment high-rise to the glut of construction in the Rainey Street area.
Lee Development & Construction of Austin aims to build a roughly 33-story tower at 48 East Ave., the Austin American-Statesman repots, although design hasn’t been finalized.
No zoning change is required for the project, which will cost an estimated $60 million, the Statesman reports. Lee Development CEO Robert Lee told the newspaper he hopes to obtain building permits from the city and break ground by…

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