From Bungalow to Penthouse: Austin's Rainey Street Grows Up

Dense urban living became uncool during the pandemic as droves of residents flocked to spacious and affordable suburbs across the country. But in at least one fast-growing Sun Belt city, real estate investors are betting on a big downtown-living comeback faster than expected. Developers in Austin, Texas, are proposing new residential high-rises at warp speed as they try to keep up with the rapid population boom and corporate relocations.