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Container Bar to close to make way for 55-story tower, but owner has something new planned

By Michelle Pitcher – Staff Writer, Austin Business Journal
Jul 27, 2021, 3:53pm EDT

The tower formerly known as 9092 Rainey, which has been in the works for several years, officially has a new name and new project specifications.

The Modern Austin Residences will have 55 stories featuring 345 market-rate residences and 20 affordable housing units. Austin’s Urbanspace Real Estate + Interiors is developing the project.

The affordable housing units will be available to people earning 80% of median family income, which is $98,900 in the Austin metro. The market rate units will start in the $400,000 range for a one-bedroom unit. Three-bedroom units will go for $1.6 million and above.

These updates, provided by Urbanspace CEO Kevin Burns, come just a few months after Austin City Council approved…

Read the full story at Austin Business Journal »