Work on the 48-story Paseo multifamily tower in Austin’s Rainey Street District is set to begin in the first quarter of 2023. The tower will feature 557 one-, two-, and three-bedroom units, with approximately 20% of the units designated as affordable housing. Additionally, the building will include several ground-floor restaurants and residential amenities across multiple floors. JE Dunn Construction has been chosen as the general contractor, while the architect is Pappageorge Haymes Partners. UMB Bank is providing construction financing, with completion expected in late 2025.
