The Rainey St. District to some just means two blocks of Rainey St. – the two blocks with the lovely bungalow homes. But now, in most cases it refers to the whole area south of Cesar Chavez wedged between I35, the Lake and Waller Creek. Since being rezoned from residential to Central Business District in 2005, there has been lots of talk about what will happen here.
Central Business District Re-zoning
The CBD rezoning designation means things will likely continue to change in the neighborhood, especially as the economy picks up. Some of the homes are in bad shape but many are worth preserving. Some may stay but others will likely see demolition or be moved to make way for office or condo towers. Until the economy put a pause on things, 21c was slotted to develop a hotel, and likely condo and office towers on Red River / along Waller Creek. (Let’s hope this comes to fruition – 21c is an amazing concept out of Louisville, KY.)
Quick overview of the Neighborhood
Up until 2005, the area housed just two Downtown Austin condos – Villas on Town Lake and Towers of Town Lake. Since 2005, two have been added – the Milago and Shore Condominiums. Additionally, the Legacy on the Lake apartment tower has come in, along with the Mexican American Cultural Center. Set right on the trail, the latter has brought with it lots of community activities and events.
Rainey St. District Location
It’s pretty easy. Rainey St. District sits near a bend on Lady Bird Lake and Waller Creek flanks it to the west. There are lots of trailways to enjoy. The area has a thriving creative pulse to it right now. Plus, head north, head west and all of Downtown Austin is at your disposal. I know plenty of people that walk to Downtown by taking the Trail. I would be at risk of heading to Moonshine too often. Brunch anyone?
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