The Domain development is on 170 acres of land in north Austin. It was originally created in the late 90's as an office park for dot-com companies. The site now consists of 10 buildings with 1.8 million sf of office and industrial space. Currently, the largest employer at the Domain is IBM with nearly 2,000 employees.
Roughly 50-acres on the northwest corner of the site is being developed by Endeavor Real Estate Group and Simon Property Group as an open air mixed-use center. Also going by the name "The Domain", the center will be anchored by a two-level, 80,000 sf Neiman Marcus as well as Macy's. The project will include a total of 700,000 sf of retail & restaurant space, a movie theater, 75,000 sf of Class A office space, and 390 multi-family residential units.
Another Simon Property Group project located on 45-acres adjacent to the Domain will be the Shops at Arbor Walk. This center will contain 550,000 sf of shops with 200 residential units. Whole Foods will also be building a 70,000 sf store between the Domain and Shops at Arbor Walk that will replace their store at the nearby Gateway Center.
A few weeks ago, Endeavor offered to buy out the entire 170-acres from its partners. They are high on the potential of the Domain, comparing it to the Galleria in Houston.
Quote
There's no shortage of apartment and hotel developers expressing interest in the site, Rudy said.
When developed over the next 10 to 12 years, Rudy said, the land potentially could have millions of square feet of offices, hotels and up to 2,000 apartments and condominiums.
Quote from:
Austin American-Statesman: Endeavor to buy rest of Domain site
Edited by eastsider, 24 September 2005 - 04:17 PM.

















