AUSTIN | 70 Rainey | 419 FEET | 34 FLOORS | Complete - Page 15

drummer · #**281** Posted **Jan 20, 2016, 1:28 AM**

Quote:

Originally Posted by Dcbrickley

http://www.bizjournals.com/austin/bl...ict-nears.html

Great news!

That is great news, thanks for sharing!

Tech House · #**282** Posted **Jan 20, 2016, 3:30 AM**

Quote:

Originally Posted by Dcbrickley

^ Boise? What's happening in Boise? Fam?

What's not happening in Boise? It's the Lubbock of Idaho!

I'm in love with the northwest interior and Boise's a nice-sized city with low cost of living, friendly people, and easy access to a multitude of gorgeous places and outdoor activities. And I have friends and family scattered all around the NW.

But one thing I'd miss the most is that a gorgeous highrise like 70 Rainey is unlikely to be built anywhere in the Inland Empire (as they call it) during my lifetime. This might end up being my favorite residential tower, or at the very least it will be my favorite parking podium.

The ATX · #**283** Posted **Jan 20, 2016, 7:40 AM**

Idaho talk aside, the article doesn't give any start date or word on the financing. It's still a work in progress as this quote from the article indicates:
"We're right in the middle of a lot of processes."

- Debbie Downer

lzppjb · #**284** Posted **Jan 20, 2016, 8:25 AM**

Quote:

Originally Posted by The ATX

Idaho talk aside, the article doesn't give any start date or word on the financing. It's still a work in progress as this quote from the article indicates:
"We're right in the middle of a lot of processes."

- Debbie Downer

That quote caught my attention as well.

KevinFromTexas · #**285** Posted **Jan 20, 2016, 6:22 PM**

Maybe they saw this thread and wanted to reassure people.

urbancore · #**286** Posted **Jan 20, 2016, 6:37 PM**

My source told me last week that the father just purchased a very expensive home in Austin, that this deal is most definitely at GO. My guy was his loan officer.

austlar1 · #**287** Posted **Jan 20, 2016, 7:12 PM**

I can't imagine that the senior Mr. Sackman required the services of a loan officer to purchase a home in Austin.

urbancore · #**288** Posted **Jan 20, 2016, 7:50 PM**

Quote:

Originally Posted by austlar1

I can't imagine that the senior Mr. Sackman required the services of a loan officer to purchase a home in Austin.

I deal with high net worth clients all the time, most of them get loans. Not because the are "required", they do it because they want to conserve their cash for other investments. And I can assure you what I was told is true, it is from a trusted source I've done loans with for 20 years.

jbssfelix · #**289** Posted **Jan 20, 2016, 8:36 PM**

Quote:

Originally Posted by Dcbrickley

I deal with high net worth clients all the time, most of them get loans. Not because the are "required", they do it because they want to conserve their cash for other investments. And I can assure you what I was told is true, it is from a trusted source I've done loans with for 20 years.

It actually makes perfect sense. Mortgage the house at 3.5-4%, and keep all that cash to earn 6%+ on investments instead. It's essentially why we didn't put a ton down for our new home.

The ATX · #**290** Posted **Jan 21, 2016, 2:43 PM**

The tower crane permit was filed this morning. It says it's going up March 1st, so site prep must be getting underway soon. There are no underground levels iirc, so March 1st seems reasonable if site prep gets underway soon.

https://www.austintexas.gov/devrevie...erRSN=11474147

Tech House · #**291** Posted **Jan 21, 2016, 6:18 PM**

Quote:

Originally Posted by The ATX

Idaho talk aside, the article doesn't give any start date or word on the financing. It's still a work in progress as this quote from the article indicates:
"We're right in the middle of a lot of processes."

- Debbie Downer

First, how dare you be so dismissive as to set aside talk of Idaho! "Idaho: America's Moldova"

Second, I don't see how you come to a downer conclusion from that quoted statement. Can you imagine erecting a skyscraper without it entailing a lot of processes? It sounds like progress to me, but maybe you know something about developers' double-speak that I don't know. Taken at face value, "We're right in the middle" means that there's a lot of activity going on right now, and "a lot of processes" means that said activity pertains to many aspects of what needs to happen in order to bring this to fruition. So, take THAT, ya nattering nabob of negativism!

KevinFromTexas · #**292** Posted **Jan 22, 2016, 1:21 AM**

Tower crane plans.

ftp://ftp.ci.austin.tx.us/ATD_AULCC/...rane_PLANS.pdf

The ATX · #**293** Posted **Jan 23, 2016, 1:44 AM**

The FAA has the height for this building as 440'.

https://oeaaa.faa.gov/oeaaa/external...491608&row=296

KevinFromTexas · #**294** Posted **Jan 23, 2016, 3:50 AM**

Yeah, I saw that. Not sure why. Unless they submit a different site plan or show renderings that suggest it's been changed, I'd stick with the original numbers.

Austinshrink · #**295** Posted **Jan 26, 2016, 1:12 AM**

Would be cool to live above rainey but i was wondering, have you ever tried to drive that neighborhood at night? Don't think i would want to be in traffic for 30 minutes just to get to cesar chavez...sheesh

Cd1076 · #**296** Posted **Jan 26, 2016, 3:34 PM**

Quote:

Originally Posted by Austinshrink

Would be cool to live above rainey but i was wondering, have you ever tried to drive that neighborhood at night? Don't think i would want to be in traffic for 30 minutes just to get to cesar chavez...sheesh

I don't think it's all that bad. I live nearby so I'm over there quite a bit. Besides, if I lived there I would most likely use River St as my main point of ingress/egress.

ahealy · #**297** Posted **Feb 18, 2016, 10:20 PM**

so whats the status with this? IS she going up?

_Matt · #**298** Posted **Feb 23, 2016, 6:25 PM**

Yes

austlar1 · #**299** Posted **Feb 23, 2016, 6:42 PM**

Quote:

Originally Posted by _Matt

Yes

When?

The ATX · #**300** Posted **Feb 23, 2016, 9:30 PM**

Soon?