More changes for Rainey Street district
Lustre Pearl on the move, high rise on the way in

Another big project is in store for Rainey Street. The latest move will see the bar that started the neighborhood's revival, pick up and move. The Austin Business Journal reports Lustre Pearl will be relocating. The land has been sold as part of bigger plan for a high rise retail and commercial development. Developers hope to break ground next year. Currently two high rise apartments sit on the south end of the strip, right near Lady Bird Lake. There's a third just to the west off of Red River. The Mexican American Cultural Center is also located in the district. In addition to this new project, there is already another high rise apartment under construction on the south end of Rainey Street.

Permits listed online by the city of Austin show bars or restaurants opening in at least four addresses. Including Lustre Pearl, 10 different bars and restaurants are already operating in the district. This number does not include the number of food trailers that are semi-permanent in the area. The proliferation of business in the area since 2009 has led to tension in the neighborhood, with some calling for an ordinance to limit the number of new bars. At the end of February, the city installed meters to force visitors to pay to park. Sidewalk improvements are currently underway. The city has also explored potentially turning Rainey into a one way street to deal with the congestion.

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