The Urbanspace Team has leveraged its decades of experience working with thousands of homeowners to buy, sell, design, and furnish their Downtown Austin Condos. Many of us are condo dwellers ourselves and understand the little things, both good and bad, that come with condo living.

The Modern Austin Residences has been designed to incorporate more of the good and create out-of-the-box solutions for the rest. As the exclusive sales and marketing team for several of the most successful condo towers in Austin, we understand how a space lives, and wanted to create a vertical community that encompassed all of our learnings.

So while the road to get here has been long, it’s a challenge that gets us excited to get up in the morning to help bring this urban lifestyle to others. Here is the story of The Modern Austin Residences, so far:


Born out of an entrepreneurial vision to develop an on-the-ground real estate firm that could uniquely provide turn-key solutions to the needs of downtown and urban core residents, Urbanspace opened its doors in 2000.

Urbanspace first office


Kevin Burns acquired 90 Rainey, and 6 Brownstones were planned as Urbanspace’s first development project. Courtesy of the recession, the brownstones didn’t happen. Lemonade was made, and in this case, took shape as Container Bar and bigger dreams. In the meantime, Urbanspace closed out Milago, sold out The Seaholm Residences, and was selling The Independent, among other projects.

pic of Container Bar


92 Rainey was acquired, and the dream for Urbanspace to develop a tower at 90/92 Rainey St begins to take shape.

Bungalow - 92 Rainey St


Urbanspace began working with Nelsen Partners on a conceptual design for a tower. 90/92 Rainey was to be a mixed-use tower with a hotel and apartment component.

early concept rendering of 90/92 Rainey


90/92 Rainey gets approved by Planning Commission – round 1 and Historic Landmark Commission.

fun fact - 92 Rainey is not a historic building


Where do we start? COVID was a blessing in disguise for The Modern. Due to various factors, Urbanspace was able to redesign The Modern as a condo tower. The redesign was pivotal for our team. It allowed Urbanspace to use all of our experience and combine it with our passion for creating a building that embodies who we are and Urbanspace’s values. The Modern also passed the Historic Landmark Commission, the Planning Commission – round 2, and the site development permit was submitted to the city.

headline story screenshot

May 2021

Austin City Council approved The Modern Austin Residences.

July 2021

Urbanspace debuted The Modern Austin Residences, and in less than a month, had over 1,000 interested parties sign up to learn more about how to become a future resident.

modern definition and origin


The site development permit for The Modern Austin Residences was received, and we closed on our construction loan. While these happenings may not seem that exciting to most, they are significant milestones in the development process, and ones that we celebrated!

EARLY 2022

Those who inquire on will be contacted by a member of our Modern sales team to schedule initial informational meetings; public contracts will begin in March.

SXSW 2022

Don’t forget to grab a drink at Container Bar and Bungalow, as this will be their last SX on Rainey Street. Don’t worry, though; there will be more to come on this later.

SXSW show