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41-Story Vesper Condo Coming To Austin’s Rainey Street District

The amenity-packed building is expected to be ready for residents in 2024

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Vesper, Pearlstone Partners and ATCO Properties & Management newest project, is a 41-story residential high-rise located at 84 East Avenue in Austin’s dynamic Rainey Street Historic District. The co-developer’s recently completed demolition of the existing structures and have begun construction.

The residential condominium tower is situated on 0.41 acres and will offer 284 homes at an average size of 975 square feet and starting in the $500’s. Anticipated common amenities include a rooftop community clubhouse, sky-deck pool, cabana, outdoor kitchen, fireplace and lounge; a resident fitness studio, featuring private spin and yoga studios; a sky dog park, lawn and dog-washing station; a community courtyard and gathering table; and a coworking space on the ground floor. The rear lobby will feature a public art gallery and mural showcasing works by local artists, with direct pedestrian access to Rainey Street and its many inviting shops, eclectic variety of restaurants and cafes, live music venues and other entertainment options.

The word ‘vesper’ means ‘evening star’ or ‘evening prayer,’ and was selected for how it aligns with the vibe and concept of the project than its literal meaning. Vesper will be authentic Austin, embracing the city’s unique artisan culture. It will convey a sense of unpretentious luxury, like a craft cocktail lounge, with a high- desert, Marfa feel and nods to the Rainey Street nightlife mingled throughout the building.

Vesper will be less than a mile from the Austin Convention Center, a mile and a half from the Texas State Capitol, two miles from The University of Texas at Austin, and just steps away from the coveted Ann and Roy Butler Hike-and-Bike Trail, which stretches more than 12 miles around Austin’s venerable Lady Bird Lake. With close proximity to major employers—including Google, Facebook, Atlassian, Indeed Tower, Oracle and many independent start-up firms, as well as to UT-Austin and the State Capitol Complex—Vesper will offer an ideal live-work-play lifestyle.

Vesper is being marketed exclusively by Prospect Real Estate. Construction is underway with units delivering in 2024. For more information, visit