AUSTIN, TEXAS — Locally based multifamily and student-housing developer LV Collective, formerly known as Lincoln Ventures, has launched pre-leasing at Paseo, its new mixed-use property at 80 Rainey St. The 48-story tower will be fully complete and open by October. The developer broke ground on the project in 2023.
Paseo offers 557 units as studios or in one-, two- and three-bedroom floor plans as well as four penthouses. Monthly asking rents start at approximately $1,900. Amenities include a pool, deck and bar on the 12th floor with views of Lady Bird Lake. Residents also will have access to a ground-level café and bar, a fitness center with a yoga studio, cold plunge and saunas, and two floors of coworking space with private pods and conference rooms.
Paseo also has an artist-in-residence program that offers a year of free rent to selected artists, who will be announced in August. In exchange for rent, these tenants will host events, create one artistic contribution to the community’s interior design and promote their residency on social media.