New high-rise luxury residential tower breaks ground on Rainey Street

70 Rainey, one of two new luxury high-rise towers planned for the popular Rainey Street area downtown, broke ground Tuesday. The 34-story residential building will be 100 feet or more higher than surrounding buildings and will offer unobstructed views of downtown and beyond, along with 164 residences, a restaurant, and a second-floor patio bar. Residence prices will range from $500,000 to $4,000,000. It’s scheduled to be completed in early 2018.