Millennium Rainey Street
Owner: The Dinerstein Companies
Completed: March 2016
Height: 8 Stories
Square Feet: 543,716 GSF; 284,756 RSF
Units: 326 (873 Avg. Unit Size)
Millenium Rainey Street is a new 543,716-square-foot, high-density, urban residential development in the Rainey Street Historic District of Austin, Texas. The 2.21-acre development, spearheaded by the Dinerstein Group, is bound by Rainey and Driskill streets and the southern frontage road of I-35. In order to encourage redevelopment, the area was rezoned as part of Austin’s Central Business District in 2004. Once a sleepy residential street, the area has a growing nightlife scene as old bungalows have been turned into bars and cocktail lounges.
The 8-story, 326-unit Millennium Rainey Street features a modern, crisp combination of primarily brick with Texas limestone and zinc panel accents. Amenities include an infinity edge pool on the 7th floor, a club room, demonstration kitchen, and fitness room overlooking the pool deck. A conference room off on the ground floor is also available for residents’ use. A ground floor retail component is included, providing close shopping and eatery options for residents. With close access to Colorado River, various parks and bike trails, downtown Austin, and public transportation, this up-and-coming neighborhood appeals to young professionals and students seeking an urban living with access to a 24/7 lifestyle in downtown Austin.