AUSTIN (KXAN) — Another high-rise is planned for downtown Austin’s Rainey Street.

A 51-story tower is proposed at 90-92 Rainey St., where Container Bar and Bungalow now stand. The tower will include 290 apartments and a 293-room hotel, said developer Kevin Burns, who is also the founder and CEO of Urbanspace Real Estate + Interiors.

Burns hopes the tower would be a new home for the bars — he said Container Bar would move into the ground floor of the tower, and Bungalow would have a spot on the second floor.

Engineering firm Kimley-Horn and Associates Inc. on March 4 filed a site plan application with the city of Austin Development Services Department for the project. The site plan itself has not yet been submitted.

You can read the full story at the Austin Business Journal website here.