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Rainey skyline reaching new heights: One tower secures financing, another moves forward in plan review

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Rainey skyline reaching new heights: One tower secures financing, another moves forward in plan review

Rainey Street is on track to become ground zero for the latest upward expansion of downtown Austin’s skyline, as a couple of high-rise developments recently reached significant milestones. One received an initial green light from a city commission — although further plan reviews are needed — while another secured $300 million in construction financing. Both towers are expected to break ground next year.