THE
RENTAL PROPERTY
IN THE AUSTIN APARTMENT ASSOCIATION Park Place Apartments, managed by Rainier Management, Ltd, just may be the oldest operating rental property in Austin.
A
ccording to our sources, this 50-unit community was built in 1960 and recently was updated by Rainier in 2013. Park Place is nestled in an older neighborhood and across from West Austin Park and Wading Pool, yet a stone’s throw from bustling West Sixth and Lamar. Driving up to the property really does feel like stepping back in time. It’s a quiet spot. So close to busy downtown and MoPac, yet on a hot summer’s day, the cicadas’ song is the prevailing sound and you almost expect to see an impromptu party at the moontower at the nearby park. District Manager Lin Cavellos says Rainier is proud to own and manage older properties such as Park Place. Lin says, “Our
opposite: photo courtesy txdot
a a a m e m b e r c o m m u n i t e s by d e c a d e
Lin Cavellos, District Manager, Rainier Properties
properties are tucked into cool neighborhoods and stay true to the authentic, old Austin.” “Park Place,” she says, “gives a niche market of guests the opportunity to live in one of the oldest apartment communities in Austin, in Clarksville, a recognized National Register Historical District.” With some supposed challenges to managing an older property with older infrastructure, come some great advantages. Lin says, “older properties offer a unique style and atmosphere that differentiates them from the updated modern and technological amenities many residents have come to rely on [at newer properties].” “Rainier Properties, and specifically Park Place,” she says, “offers a return to the simple, less technology-reliant way of modern properties, catering to folks desiring a rare opportunity to reside in an apartment home that has seen the years of Austin’s growth and prosperity, while keeping to the property’s resilient history.”
SEPTEMBER / OCTOBER /
15
