AUSTIN | 70 Rainey | 419 FEET | 34 FLOORS | Complete - Page 23

The ATX · #**441** Posted **Jan 10, 2017, 12:42 AM**

Quote:

Originally Posted by OKTX

Good news. The business journal is reporting that they closed on the construction loan today, and the equity is in place (Chinese). This should be out of limbo now.

Finally, some good news. Here's the ABJ link (paywall alert):

http://www.bizjournals.com/austin/ne...-loan-was.html

lzppjb · #**442** Posted **Jan 10, 2017, 1:00 AM**

Sweet! Thanks for the update. Excited to see this go up.

clubtokyo · #**443** Posted **Jan 10, 2017, 1:05 AM**

Quote:

Originally Posted by The ATX

Finally, some good news. Here's the ABJ link (paywall alert):

http://www.bizjournals.com/austin/ne...-loan-was.html

Awesome!

drummer · #**444** Posted **Jan 10, 2017, 1:33 AM**

Thanks to the Chinese on this one. I really want this to happen. 加油！

The ATX · #**445** Posted **Jan 10, 2017, 1:58 AM**

Here's a little more info with no pay wall:

http://www.businesswire.com/news/hom...se-Condominium

The ATX · #**446** Posted **Jan 11, 2017, 3:33 AM**

The Statesman has the story:

http://www.statesman.com/business/ra...gRxI7oriwaPaO/

smith_atx · #**447** Posted **Jan 11, 2017, 9:06 PM**

No way this opens in 2018, right?

The ATX · #**448** Posted **Jan 11, 2017, 10:01 PM**

Quote:

Originally Posted by smithlua

No way this opens in 2018, right?

They don't have to excavate a huge pit which would significantly add to the build time. So I would say very late 2018 is possible.

Jdawgboy · #**449** Posted **Jan 12, 2017, 6:48 PM**

I can confirm there are crane pieces on site. Walked by there last night.

427MM · #**450** Posted **Jan 13, 2017, 8:53 PM**

Quote:

Originally Posted by Jdawgboy

I can confirm there are crane pieces on site. Walked by there last night.

Yup--I believe it goes up on Monday. G'times!

The ATX · #**451** Posted **Jan 14, 2017, 12:29 AM**

Both 70 Rainey & Third + Shoal updated their crane permits this week. They should both be going up very soon. IIRC Third + Shoal will have two.

427MM · #**452** Posted **Jan 19, 2017, 9:03 PM**

70 Rainey Crane is going up right now. Happy to see things moving again, hiccups are ok as long as we recover

The ATX · #**453** Posted **Jan 19, 2017, 9:42 PM**

https://www.facebook.com/SeventyRain...type=3&theater

KevinFromTexas · #**454** Posted **Jan 19, 2017, 11:31 PM**

Well, I'll be. I'm excited to see it happen, pity it won't be it's original height, though.

N90 · #**455** Posted **Jan 20, 2017, 1:06 AM**

Glad to see that they're back from Tunisia with the crane. It took them 8 months to get the crane to ATX but now we can relish! It's finally here!!

The ATX · #**456** Posted **Feb 10, 2017, 1:59 PM**

Has anyone been by the site to see if this one has actually progressed beyond erecting the crane that took several months to arrive after it left Tunisia?

Geckos_Rule · #**457** Posted **Feb 10, 2017, 3:07 PM**

Quote:

Originally Posted by The ATX

Has anyone been by the site to see if this one has actually progressed beyond erecting the crane that took several months to arrive after it left Tunisia?

There's a decent sized hole in the ground now, but not much beyond that yet. Don't have pics though, although I can try for some after work.

Urbannizer · #**458** Posted **Feb 10, 2017, 9:17 PM**

Quote:

Originally Posted by Geckos_Rule

There's a decent sized hole in the ground now, but not much beyond that yet. Don't have pics though, although I can try for some after work.

Passed by last night and I remember seeing rebar sticking out of the ground.

Geckos_Rule · #**459** Posted **Feb 13, 2017, 3:16 PM**

Here's a pic from my apartment. Looks like they're farther along than I thought.

Geckos_Rule · #**460** Posted **Feb 13, 2017, 3:18 PM**

Sorry about the gigantic picture, that's actually the first time I've ever shared a picture on here.

And in case anyone wanted to see, here's the view from the other side of the balcony: